Gamified Finance, or GameFi, is erupting in the crypto world and represents the most prolific use of Non-Fungible Tokens (NFTs) today. It is a beautiful mix of two of people’s favorite things in life; Money and video games. 2022 GameFi crypto projects go beyond the mindless money-hungry phone tapping and produce video games that focus […]
Cryptocurrency
Google’s cloud division announced the launch of an internal team tasked with building services for blockchain and Decentralized Application (DAO) developers. The decision to create Google Web3 solutions comes at a time of increased interest, activity, and use of crypto, blockchain, and Web3 tools. Amit Zavery, Vice President of Web3 Infrastructure at Google Cloud, allegedly […]
Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy,” […]
The crash of UST was a tragedy for many. People lost their life savings, salaries paid in UST were rendered worthless, and tens of billions of dollars were lost by both individuals and institutions. And investors who had made otherwise calculated risks saw the charts fall to nothing in mere days and shook the entire […]
India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors and boost its crypto sector, CoinSwitch CEO Ashish Singhal said on Sunday. Although India’s central bank has backed a ban on cryptocurrencies over risks to financial stability, a federal government move to tax income from them has been interpreted by the industry as […]
Tether, the world’s largest stablecoin, said on Thursday it has boosted its holdings of U.S. government debt while cutting exposure to riskier assets, the first look at its reserves since the token was rocked by the crypto sector’s recent sell-off. Stablecoins, a variety of cryptocurrencies designed to keep a steady value, are in sharp focus […]
In our interconnected and globalized world, war is one thing that carries rippling effects that can spread far and wide. On the other side of the coin, a globalized economy means that chain reactions can reverberate across the entire globe and throw entire economies off balance. The Russian Ukrainian war and the crypto market are […]
Executive director of Germany’s Federal Financial Supervisory Authority (BaFin), Birgit Rodolphe, has appealed for novel and comprehensive regulation of the decentralized finance (DeFi) sector across the European Union and to create a consistent DeFi EU regulation. BaFin is Germany’s financial regulator, in charge of overseeing banks, insurance companies, and other financial organizations, which includes everything […]
Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey. Tether, USDC and others lost their prized pegs to the dollar last week in a bout of market mayhem that shook faith in these coins that were designed to sidestep crypto volatility. But was it an isolated outburst, or are they losing their […]
Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday. Bitcoin, the world’s largest cryptocurrency, is created by a process called “proof of work” that requires computers to “mine” the currency by […]