The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day to day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, […]
Cryptocurrency
The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatory and operating environment and is […]
The godfather of all cryptocurrencies is starting the new year with a significant tumble potentially hitting a death cross, as Bitcoin fell by almost six percent, hitting below $40,000 for the first time since 2012, according to Bloomberg. Bitcoin hit its all-time low on New York trading, delivering a loss of approximately 14 percent. The asset’s value plunged […]
As trading volumes dry up, potential open interests hinder, and the number of active addresses slumbers, Bitcoin and other cryptocurrencies’ value fell on Thursday, led by the Federal Reserve’s December meeting reaching risk assets worldwide. According to Coin Metric data, the godfather of all digital assets, Bitcoin, fell by eight percent in 24 hours after […]
Many of today’s most commonly used tools and technologies, such as mobile phones, the cloud, or the internet itself, all started off as either a science fiction concept, or something seemingly useless to the average person, dismissed as a trend. Those supposed trends are the Metaverse, cryptocurrency, NFTs, and metaverse crypto coins. An excellent way […]
Digital assets have never seen a higher rise in popularity than last year, with 2021 being defined by influential shifts in the cryptocurrency market. Artists, musicians, and creators of all sorts, talented or otherwise, are finding additional ways to monetize their works with the advent of these new technologies and the communities that arise from […]
Non-Fungible Tokens’ (NFT) fame is exponentially growing, with various artists and cryptocurrency exchanges adopting the decentralized innovation to release blockchain-based fundraising campaigns to promote gender equality. The hype around NFTs has taken a different turn, with artists worldwide adopting the technology to break the societal wealth gap – or at least try to – in […]
According to the New York Times, Facebook’s parent company Meta Inc is reaching to acquire ‘deep compatibility’ with blockchain technology, revealed in a letter from an official executive sent to employees. In the letter, the soon-to-be Meta’s Chief Technology Officer (CTO), Andrew Bosworth, informed his employees that the company is structuring its future vision for […]
Customers hoping to get a limited-edition NFT from Fractal, a brand new market for sport merchandise NFTs, have been surprised on Tuesday when it was revealed that a link sent through the project’s official Discord channel, was a scam set up to steal crypto. Users who followed the link and connected their crypto wallets, expecting […]
In a unique move, the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for cryptocurrencies and other virtual assets, the Dubai Media Office said on Monday, part of efforts to attract new business as regional economic competition heats up. The statement said that those efforts come as part of a drive-by […]