In the past year, centralized and decentralized currencies alike witnessed extensive market growth, and their popularity among the public has grown along the way. On March 9, 2022, U.S. President Joe Biden issued an executive order on cryptocurrencies, sketching an inclusive governmental approach to deal with probable risks related to the significant evolution in digital assets, emphasizing cryptocurrencies. […]
Cryptocurrency
Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine. The criticism has seen the crypto industry scrambling to regain control of the narrative, with many executives frustrated […]
The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the financial system to the mainstream, a top official said. The Treasury’s Financial Literacy Education Commission will create educational materials and organize outreach to inform the public about […]
Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the precipice of World War 3? That could be down to the new HODLers, in part. Young retail investors betting on bitcoin as a long-term proposition rather than […]
The overall value of the gaming industry now exceeds 300 billion dollars worldwide, and that number is only expected to rise in the years to come. Gamified Finance (GameFi) is the combination of games and finance. It fuses cryptocurrency, Decentralized Finance (DeFi), and Play-to-Earn games, which means that GameFi games are games with economic incentives […]
Russia’s probable invasion of its neighboring country, Ukraine, has reached the cryptocurrency market as decentralized assets’ valuation crashed with escalated tensions, resulting in cryptocurrency investors offloading their assets to safeguard their portfolios before any risky price fall. On Friday, U.S. President Joe Biden revealed that Russia’s President Vladimir Putin decided to take control of Ukraine, […]
A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say it is the first time that a quantum […]
The cryptocurrency industry is young and constantly changing. It is a whole new front, the wild west of the internet, barely regulated and unchecked. This will not be the case forever; it hasn’t stopped the industry from reaching 2.3 trillion in overall market value as of December 2021, according to CoinGecko, as people rush to make […]
India’s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. “Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” Nirmala […]
Famous cryptocurrency exchange, Coinbase, uncovered plans to add its latest tax center on its platforms to assist U.S.-based customers in figuring out how much taxes they owe the IRS from their cryptocurrency transactions. When tax day comes, the section will assemble every transaction made and put them all together into one space to facilitate their […]