RBI warns of crypto ‘dollarization’ of Indian economy
Crypto “will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country,” according...
Month: May 2022
Twitch co-founder raises $24M for Web3 gaming firm Metatheory
The funding round led by Web3-focused venture capital firms will be used for upcoming nonfungible tokens, comics and a play-to-earn...
Japan’s largest investment bank Nomura readies new crypto subsidiary
The leading Japanese bank plans on establishing a crypto subsidiary outside of Japan and will acquire about 100 personnel to...
Bitcoin Price Prediction for Today May 16: BTC Price Fluctuates Above $30K
Bitcoin Trades in a Tight Range as BTC Price Fluctuates Above $30K – May 16, 2022 Since May 12, BTC/USD...
Lucky Block Announces a One-of-a-Kind Daily Jackpot Prize
Lucky Block (LBLOCK), a decentralised games network powered by blockchain, will launch much-anticipated free jackpot prize draws this month. The...
Miami and New York City coins tank despite Mayoral endorsements
“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred...
Stablecoin supplies and cash reserves in question amid crypto exodus
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over...
Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser
Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps...
Buterin: Terra should protect the smallholders, not the whales
Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin...
Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions
Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action...
Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often...
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF...
Portugal to lose crypto tax haven status as state announces gains duties
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that...
Celsius Network’s crypto mining subsidiary SEC filing suggests plans for IPO
The SEC requires companies in the United States to file an S-1 registration for shares to be listed on a...
Analysts flag Bitcoin price levels to watch after LFG sells 80K BTC
$20,000 or $32,000? Both feature in the outlook for Bitcoin price action going forward. Bitcoin (BTC) needs to hold current...
