Coinbase suffers $1.1bn loss as Crypto Volumes slump
Cryptocurrency exchange Coinbase reported that its revenue had declined by 61% in the latest quarter as crypto prices dropped and trading volumes dropped. The San Francisco-founded company on Tuesday reported an after-tax loss of $1.1bn, compared with the $1.6bn net profit it registered in the middle of the crypto boom a year ago. The $446 […]
Iran Imports $10 Million Worth of Goods in Crypto
The Iranian Ministry of Industry, Mine, and Trade facilitated the nation’s first import of goods in cryptocurrencies. The Middle East’s leading economy is one of the biggest importers of digital assets. Iran reportedly placed an order for coal mined worth $10 million this week through cryptocurrency. Iran and Crypto Adoption Reuters reported that the Iranian […]
Meta Partners With Coinbase And Dapper Labs for NFTs on Instagram
Via Twitter, Meta Technologies, the parent company of Facebook and Instagram announced it’s updating its plans for the launch of non-fungible tokens (NFTs). Menlo Park, California-based Menlo Park Holdings plans to make news on its plans to boost Instagram’s implementation of NFTs worldwide. Meta Newsroom confirms over 100 countries would be integrated from its Beta […]
Ripple Reveals SEC Lawsuit Update and NFT Expansion
Ripple Labs announced its Q2 2022 report detailing various product developments while illustrating options in the non-fiat market affecting its performance. A key highlight of the report was the confirmation of the company’s drive towards tapping opportunities in the non-fiat market. It also reiterated its focus on expediting the Ripple-SEC lawsuit. The Ripple-SEC lawsuit has […]
Cryptocurrency: Fever grips Nigerians as Naira crashes
Nigerians have been investing in cryptocurrencies to guard their capital against a weakening naira, which has led to the hack of the national currency to the lowest point in several years. Abubakar Mohammed, a bureau de change operator, stated the naira dropped to 670 to 1 dollar on Wednesday in Lagos, the country’s main commercial […]
Is Buying the Crypto Dip Safe? Insight
June 2022 crypto crash has being one with major market threat. Thinking if buying the crypto dip is a good idea is a question that has crossed the mind of many. Recalling the Terra Luna crash that collapsed and wiped over $500, current market evaluation drops below $1 Trillion. A lot of crypto investors may […]
Why Bitcoin $22,000 Crypto Crash Sparks SEC Investigations
World stock markets shaken as the United States faces fresh inflation rate as never seen in the past four years. After seven months of surging an all time high, Bitcoin stairs panic into the cryptocurrency space as it falls under $22,000. The world Crypto Asset Managers has also given out press releases affecting notion and […]
Apple NFT Trading Cards speculated to be unveiled in Developers Conference
The fast-coming 33rd edition of the Worldwide Developers Conference (WWDC) hosted by Apple Inc has raised a lot of speculation and suspenseful thrilling news. Tech giant Apple has detailed news on showcasing the development of new software models and four new devices. The new software models to be revealed are iOS 15, iPadOS 15, macOS […]
Cardano Value Rockets with Increase in Blockchain Activity
Data has shown that over five million assets have now being minted on Cardano with a powerful plan on boosting it scaling capabilities. A lot of reasons has certainly triggered the sudden boost of Cardano. Cardona (ADA) secured the sixth spot on CoinMarketCap’s listing as it outperforms Ripple (XPR) and Solana (SOL). Successfully drawing attention […]
Dubai launches new crypto regulatory
Dubai has set a new crypto regulation to control cryptocurrency locally in their area. The city has additionally settled an administrative body named the Dubai Virtual Assets Regulatory Authority (VARA) to administer the country’s crypto area. VARA was laid out as a free authority under the Dubai World Trade Center (DWTC) for advanced resources the […]
Two New ERC Standards Aim to Standardize Tokenized Vaults to NFT
Before diving deep into Tokenized vaults, developers can create new ERC standards that define a required set of functions for a token type – and they did just that. Two recently created ones have each attracted some attention and may find adoption in the future. Crypto users are probably familiar with numerous ERC standards, the […]
Why do people invest in digital assets?
Bitcoin was originally designed as a new kind of digital money. One of the main reasons for its success is that it solved the challenge of trust in a digital setting – a challenge that was vital to overcome before digital money could really work. This was possible because of a new technology that forms the […]