LINK price is struggling to maintain its bullish momentum but derivatives data shows a clear path to $40 in the long term. Chainlink (LINK) is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights like Huobi’s ECO Chain, the Hedera Governing Council, and Alchemix. […]
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NFT Gaming Token $GIF to Launch on Rocket Launchpad Following Tezotopia Marketplace Sellout
NFTs are of the biggest developments to come from the emergence of DeFi, and have created a mania not seen in the market since the 2017 cryptocurrency bull run. NFT art has raised some fascinating questions over where value can be identified, but it is in the gaming world that NFTs could prove to be […]
More Taxes Are Probably on the Way for US Crypto Holders
It appears that the new (3.5 trillion USD) US infrastructure bill is heading to the floor, and the provision that would amp up crypto taxes was left in – which will make the US an even less attractive location for blockchain development if it is passed into law. While the crypto portion of the bill […]
Nifty News: Vogue tokenizes magazine covers, autographed Tesla and more…
Vogue Singapore has tokenized its front covers, Animoca Brands expanded its investment portfolio, and acclaimed producer Rob Weiss has signed up to direct a crypto series. NFTs are in Vogue Readers of high-end fashion magazine Vogue Singapore will be able to fight for a chance to purchase two tokenized front cover images. The front cover […]
Saylor picks up another 3,907 Bitcoin ahead of Friday’s $2 billion options expiry
Michael Saylor’s-led Microstrategy, a United States-based intelligence firm, has announced the purchase of 3,907 additional Bitcoin for approximately $177.0 million in cash, at an average price of $45,294. Microstrategy buys Bitcoin This was made known via a SEC filing yesterday which also revealed that the crypto firm now holds 108,992 Bitcoin that was acquired for […]
Kyrgyzstan reportedly introduces regulations for crypto exchanges
The new regulatory framework aims to bring the legal status to cryptocurrency exchanges in Kyrgyzstan. The government of the Kyrgyz Republic is moving forward to cryptocurrency adoption by introducing a national regulatory framework for crypto trading platforms. Kyrgyzstan’s State Service for Regulation and Supervision of Financial Markets (Gosfinnadzor), a regulatory agency operating under the Ministry […]
Afghans Turn To Bitcoin Stability After Taliban Takeover
Bitcoin adoption in Afghanistan has increased as citizens seek stability in the face of cash shortages and rising prices after Taliban takeover. Afghans have been resorting to bitcoin for storing and exchanging value since the Taliban took over control of most of the country. On August 15, hundreds of residents of Kabul, the country’s capital, […]
Filipino Users Of Axie Infinity Subject To Income Tax
Regulatory bodies in the Philippines are looking into the popular game Axie Infinity, the blockchain game that has seen a meteoric rise across the globe, particularly in the Philippines. An official The Local Department of Finance recently said that earnings made from Axie Infinity will be subject to income tax. The Finance Undersecretary of the […]
Africa Now Has The Largest Volume Of Bitcoin Peer-To-Peer Trading Worldwide
The continent recently surpassed North America in bitcoin P2P trading volume, having transacted $18,073,777 worth of BTC in the last seven days. Africa has become the continent with the largest volume of bitcoin peer-to-peer trading in the world, according to data from analytics platform UsefulTulips. In the past seven days, the continent’s $18,073,777 negotiated in […]
The future for stablecoins like USDC
Centre, the consortium that includes Circle and Coinbase, let it be known in July that the backing of USDC was not all in cash, and hadn’t been so for more than a year. However, it has now announced that all backing will be in cash and short-term treasuries from September. Will the centralised stablecoin model […]