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Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025
28.3.2023
Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a high of 400 exahash per second (EH/s). The 400 exahash equates...
US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’
22.3.2023
According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make...
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin
12.3.2023
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new blockchain analytics system, the official revealed. Volume...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
10.3.2023
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution...
Reserve Bank of Australia Unveils Proposed CBDC Use Cases
5.3.2023
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers...
74% of survey participants say they buy NFTs for status
27.2.2023
13% of the survey respondents mentioned that they are buying NFTs hoping to resell them in the future
Colombian Court Holds Hearing in the Metaverse
17.2.2023
Colombian courts held one of the first judicial hearings using metaverse tech. María Victoria Quiñones Triana, the magistrate of the Magdalena court, approved the realization of this hearing, using Horizon Worlds technology provided by Meta and virtual avatars to represent participants in...
Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United States
16.2.2023
According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose...
Crypto Classification Seeks to Make Industry More Welcoming to TradFi Participants
8.2.2023
Cryptocurrency is an incredibly broad and diverse field, with a huge array of wholly different assets, making the industry an intimidating one to enter
Commissioner: CFTC Needs More Dialogue With Market Participants to Modernize Regulation
31.1.2023
Kristin N. Johnson says it is important the agency has a working relationship with the parent company of a subsidiary operating in its market
Blur NFT Marketplace Surges in Volume and Market Share, Rivaling Industry Leader Opensea
26.1.2023
Blur, the non-fungible token (NFT) marketplace, has seen a significant increase in volume since its launch in October. According to statistics from Dune Analytics, Blur has captured about 30% of the market share in terms of sales volume. The NFT marketplace leader, Opensea, commands 48% of...
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
23.1.2023
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian...
Report: R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling
27.12.2022
Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do “a world tour just to pay them all back.” Akon...
Bitget’s KCGI 2022: Football Edition Celebrates the World Cup With Record-Breaking Participation
23.12.2022
PRESS RELEASE. Victoria, Seychelles (December 23 2022) – Leading crypto exchange, Bitget, announces the conclusion of its biannual trading tournament, King’s Cup Global Invitation (“KCGI”): Football Edition with record-breaking participation. Hosted from November 21...
Russia Prepares to Create Government-Controlled Crypto Exchange
24.11.2022
Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of...
FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators
16.11.2022
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed...
Biggest Movers: UNI Hits 1-Week High, XRP 10% Higher
15.11.2022
Uniswap rose to a one-week high in today’s session, as crypto markets seemed to have settled following recent turbulence. The last seven days were filled with increased levels of fear, uncertainty, and doubt in the marketplace, as participants moved to shelter following the FTX collapse....
Crypto Industry Participants Field Questions from UK Lawmakers After FTX Collapse
14.11.2022
In an evidence inquiry session on crypto held by the Treasury Committee, the industry addressed negative questions, with some calling for more regulatory clarity
Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants
8.11.2022
Traders using builders to execute their complex trades could save a significant chunk of their gas fees as they no longer have to pay for failed transactions
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets
6.11.2022
Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets...