Thailand’s finance minister is not a fan of the retail crypto mania that saw monthly trading volume triple in January. Thailand’s booming cryptocurrency trading market is causing some concern for government officials. According to Bloomberg, Arkhom Termpittayapaisith — the country’s finance minister — has warned that the ongoing crypto speculative mania could have dire implications […]
Ethereum-based social media project shuts down as ETH fees approach new highs
Ether transaction fees increased by over 35,000% in the past year, forcing one social media tokenization project to close down. An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs. The official Twitter account for social media token project […]
Crypto investors should consider buying gold, Newcrest Mining CEO says
Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said. Sandeep Biswas, managing director and CEO at Newcrest Mining, believes crypto investors should consider buying some gold to protect themselves against highly unstable prices of cryptos like Bitcoin (BTC). “If you’re into […]
Finance Redefined: Is this the escape from Ethereum? Feb. 3–10
Everyone’s trying to jump ship from Ethereum’s layer one, apparently. Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. It seems that this week, finally, the community has had enough of Ethereum’s gas fees. That is obviously a bit of hyperbole, as gas fees are high precisely because people are willing to pay […]
Major Malaysian Bank Kenanga Acquires 19% Stake in a Crypto Exchange
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in Tokenize Xchange. Tokenize Xchange Is One of the Three Malaysian Licensed Crypto Exchanges Per the official announcement, the bank made […]
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If you have Bitcoin, you may also benefit from gold
Top mining executive has suggested that given the huge volatility swings in Cryptocurrencies, holders may want to consider owning some gold as a hedge. In an interview with Bloomberg, Newcrest Mining Ltd. Chief Executive Officer, Sandeep Biswas said: “If you’re into cryptos, you want to consider having some gold,” He also added that gold: “may act as a […]