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European officials have called for immediate regulation of crypto in light of the Terra-led market crash. Bank of France Governor Francois Villeroy de Galhau said at a conference: “Crypto-assets could disrupt the international financial system if they are not regulated, overseen and inter-operable in a consistent and appropriate manner across jurisdictions.” Fabio Panetta, a member…
When it comes to blockchain transactions, some mistakes are irreversible and could cost one a fortune. Sadly, though, every now and then, crypto investors make these as the most recent one was from the owner of Ape #6462, who sold the NFT for $200 USDC. BAYC Holder Sells Ape #6462 for $200 On Sunday, Boredapebot,…
On Friday, Ripple (XRP) rallied as the crypto market stabilized after Terra’s depegging sent shockwaves throughout the industry. Ripple ended Thursday at $0.377384, rallying to $0.439217 by the end of Friday, data from Coingecko shows, as the debacle surrounding former SEC Corporation Finance Director William Hinman’s comments escalates legal proceedings toward an impending court date….
Back in April, a Colorado-based bitcoin mining company announced they would be expanding its operations to Corsicana, Texas, in efforts to use enough power that could light up to 200,000 homes. As one of the country’s largest bitcoin (BTC) miners, Riot Blockchain (RIOT) currently operates a 400 MW facility in Rockdale, Texas, revealing that they…
Nigeria’s Securities and Exchange Commission has released new rules to guide the issuance, custody, and exchange of digital assets, while also classifying them as securities. According to the rules, entities seeking to offer crypto services or products in the country will have to get a virtual assets service provider (VASP) license. But they may also…
The fever-pitch euphoria of nonfungible tokens (NFT) reached its proverbial all-time highs in the hours preceding the calamitous gas wars of the Otherside metaverse land sale. But by most reputable accounts, following almost a year of frantic exponential growth, rife speculation and cultural spotlighting, the market was long overdue a respite. A hiatus from minting…
As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently. Jiyun Kim, CEO of blockchain solutions company DSRV, wrote an opinion post on his own behalf, detailing…
Although it’s not a frontrunner in the market, Litecoin is known for being ever-present at all times. Its significance is drawn from its minimal yet expansive use cases that keep it relevant. To date, investors continue to bank on those use cases for recovering their losses. Litecoin finds a new audience Yesterday, Litecoin became the…
Galaxy Digital Holdings could lose up to $300 million this quarter in net comprehensive income, given the recent performance of the crypto market. The comprehensive income of a company is usually a sum of its net income and the yet-to-be-realized gains or losses. This recent news seems to be a warning sign for investors as…
FTX CEO Sam Bankman-Fried testified before the House Agricultural Committee on Friday following a proposal to regulate futures markets with automated tools. Amidst skepticism, FTX CEO Sam Bankman-Fried made his case for using computers to perform margin calls on leveraged positions at a hearing on Friday in Washington, D.C. In his testimony, Bankman-Fried testified that…