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  • The Olive Corporation Could Be the Next Big Thing in Crypto, the Metaverse and the Food Sector Updates
  • Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators Updates
  • Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions Currency
  • Miami Mayor Outlines ‘Vision for Bitcoin America’ — Says We Must Integrate BTC Into Every Aspect of Society This Year Updates
  • Terra’s Luna Foundation Scoops up 4,130 Bitcoin Worth $176 Million Updates
  • Is It Safe To Buy Cryptos In India? Here’s What Exchanges Say After RBI’s Clarification Updates
  • Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan Updates
  • Biggest Movers: GRT up 15%, While ZEC Rallies Following Recent Losses Updates

Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto
Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto

The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay the $45 billion debt that Argentina has with the…

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Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel
Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel

A survey carried out by the central bank of Israel has returned mostly positive responses from stakeholders regarding the possible issuance of a digital shekel currency. Many of the participants in the public consultations support the continued development of the project, the regulator said. Bank of Israel Releases Results From Consultations on Digital Shekel Project…

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Seaside Resort in Slovenia Promotes Itself With NFTs

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Seaside Resort in Slovenia Promotes Itself With NFTs
Seaside Resort in Slovenia Promotes Itself With NFTs

The tourism organization in Portorož, a summer resort on the Adriatic coast of Slovenia, has decided to promote the destination using non-fungible tokens (NFTs). The project represents the digital component of this year’s campaign to attract visitors to the region. Tourists in Portorož to Collect NFTs and Win Prizes Shortly after the Slovenian Tourist Board…

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Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock, questions, speculation, and broader market resilience…

Read More “Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review” »

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Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown
Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in terms of market capitalization….

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Updates

American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases

A recent survey study has found that two out of five Americans in committed relationships have admitted to hiding a cryptocurrency purchase from their partner. The crypto-cheating partners believe disclosing the purchase would damage their relationship. Reasons for Not Disclosing Purchases A Circuit survey study that sought to determine the extent of financial infidelity among…

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Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%
Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%

As markets slid in value during the past week, non-fungible token (NFT) floor values have dropped considerably. Blue-chip NFT collections like Bored Ape Yacht Club (BAYC), Cryptopunks, and more have seen their floor values drop between 2-25% in the last 24 hours. NFT Floor Values Take a Significant Beating NFT sales have dropped 64.84% lower…

Read More “Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%” »

Updates

Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum
Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum

Since the outbroke of the Russian-Ukrainian war, many celebrities, social activities, and visual artists joined the league of supporting Ukraine by cryptocurrency and NFT artworks. And the trend just doesn’t stop. Now, a group of top-notch artists bring the support and devotion to a brand-new level with long-lasting impact – the avatar NFT series. The…

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Report: Central African Banking Regulator Says Crypto Ban Still Effective

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Report: Central African Banking Regulator Says Crypto Ban Still Effective
Report: Central African Banking Regulator Says Crypto Ban Still Effective

An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the…

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Updates

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

Posted on May 16, 2022May 16, 2022 By Sathya Shankar No Comments on Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy
Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days. Defi TVL Plunges More Than…

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  • Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto
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  • Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review
  • Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown

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