On Monday, Tesla said that a bitcoin-related impairment worth $23 million put some stress on its quarterly operating income. In the announcement for its earnings for the second quarter of 2021, the…
Fidelity Reveals Majority of Institutional Investors Liked Digital Assets, but There Is a Hook
Recently Fidelity Digital Assets conducted a survey, the survey’s results have revealed that 70% of the world’s institutional investors have voiced in the favor of digital assets. Investors who were previously investing…
Leading NFT Marketplace OpenSea Secures $100M In Series B Funding Round
Andreessen led a Series B financing round for OpenSea. The $100m raised provides the company with a $1.5 b valuation. OpenSea is a modern unicorn in the NFT market OpenSea is planning…
US Senator Seeking to Forbid Athletes from Receiving Digital Yuan during Olympics
The United States Olympic & Paralympic Committee has been urged by three US senators to forbid American athletes from using or receiving digital yuan during the Olympics in Beijing. The three senators…
Yale And Fed Researchers Have Laid Out Two Regulatory Frameworks For Stablecoins
Gary B. Gorton (the professor at Yale School of Management) and Jeffery Zhang (an advocate the legal section of the Federal Reserve System of the United States) have mutually formulated a document…
Cardano (ADA) Might Plunge to $1.11 before Moving Higher
Briefly – Cardano had its price piercing the 18 July upswings at $1.21, showing buyers revival. Although the coin may try to overcome $1.25, it might have to deal with a retracement…
Coinfluence’s ICO Platform to Solve Crypto Influencer Marketing Problem
The digital nature of the crypto market demands a unique marketing environment. It seems that in the modern day’s digital environment, traditional marketing approaches seem outdated. The young generation of netizens believe…
Japan Proposed New DeFi, NFT & CBDC Regulations
Japan’s Financial Service Agency (FSA) set to impose new regulations to govern the decentralized finance (DeFi)-related projects in-country. These regulations will also apply to non-fungible tokens (NFTs). The Financial Service Agency (FSA)…
French Authorities to Back One Agency to Regulate Crypto
French government stated in the favor of unity across Europe. The government showed their concern over multiple authorities busy regulating crypto coins. The new proposal by the French government will see similar…
Hackers Exploit DeFi Protocol Bondly Finance
Another day, another exploit in the decentralized finance community. There have been numerous attacks made on the Binance Smart Chain (BSC) as well as on Polygon in the past couple of months,…
Huobi Suffers 64% Decline in Revenues as Regulatory Pressure Mounts Further
Crackdown, regulatory pressures, financial restrictions, and payments ban that’s how toxic the crypto atmosphere has become in the past two months. However, there is a town point of view about the matter….
Aave Founder Shares Plan to Lure Away His Twitter Audience on Ethereum
Aave founder reacted to a statement made by Jack Dorsey. Stani Kulechov the founder of Aave shared his visions with his 90,000 Twitter followers that he is planning to build “Twitter on…
Essential Things you Should Know Before you Start Trading Cryptocurrencies
With Dogecoin making cameos on television and Bitcoin’s acceptance growing on Wall Street, the cryptocurrency appears to be reaching a much wider audience than before. Newcomers are tempted because of the skyrocketing…
Hong Kong and Lithuania Issued Warnings to Binance
Binance is well and truly in regulatory chaos. The crypto exchanged already facing regulatory actions in various countries. Hongkong and Lithuania are the recent countries that issue warnings to Binance. The highly…