Cryptocurrencies can no longer be classified as a niche sector in light of the tremendous development made. At the moment, the primary worry with this emerging industry seems to be with regulations that define how the technology fits into our present economy. As of now, Thailand’s Securities and Exchange Commission (SEC) has taken the next

According to the bank’s spokesman on Tuesday, Wall Street giant Citigroup (NYSE: C) is eager as they await regulatory approval to start offering bitcoin (BTC, -3.59%) futures trading contracts on the Chicago Mercantile Exchange (CME).  Institutional Clients Another individual familiar with cryptocurrency derivatives markets noted that Citi is gathering a team to join a crypto-focused

Nexo, a regulated digital asset entity that “unlocks the power of crypto,” has launched a new off-chain and free transfer service for supported cryptocurrencies. Off-Chain Transfer Suits Nexo’s Broad Community As per a press release on August 25, the service is accessible to over two million users. It allows any of the more than ten

Budweiser has bought the Beer.eth domain name for 30 ETH. The premium beer brand has also changed its Twitter profile picture to that of a non-fungible token rocket ship from the stables of Rocket Factory, according to a Coindesk report on August 25, 2021. Budweiser Now Owns the Beer.eth Domain Name Budweiser, the premium alcoholic

As cryptocurrencies continue to become mainstream, trust in the legacy system is gradually declining, given that more people across the world are embracing digital currencies to either hedge against inflation or profit from them. Minority communities are not left out, as they are reportedly investing in crypto assets to protect themselves against financial discrimination. Consequently,

Vortex (VTX) decentralized finance solution is built to lower the barrier to entry into the highly lucrative DeFi ecosystem for both newbies and experts alike, while also ensuring optimum security for users’ funds.  Vortex Accelerating Global DeFi Adoption While the global decentralized finance ecosystem has been attracting serious attention from crypto investors in recent years,

The Philippines financial regulator has not taken kindly to people making money off of blockbuster blockchain-based game Axie Infinity. Income Made via Axie Infinity is Taxable The Department of Finance (DOF) of the Philippines has warned the players of the popular blockchain-based game Axie Infinity that they must pay taxes on the real-world money they

Founder and CEO of US-based cryptocurrency exchange Sam Bankman-Fried noted that non-fungible tokens (NFTs) are gaining adoption at a fast pace, but added that most investors have little knowledge of the NFT market.  Mainstream Investors have no Understanding of NFTs In an interview with CNBC’s Street Signs Asia posted on Tuesday (August 24, 2021), Bankman-Fried

On August 24th, MicroStrategy acquired some extra 3,907 bitcoins at about $177 million in cash. MicroStrategy Incorporated CEO Michael Saylor made this announcement via Twitter. MicroStrategy has purchased an additional 3,907 bitcoins for ~$177 million in cash at an average price of ~$45,294 per #bitcoin. As of 8/23/21 we #hodl ~108,992 bitcoins acquired for ~$2.918

A survey by Nickel Digital of institutional investors in the UK reveals that more than half of these investors plan to enhance their crypto acquaintance between now and 2023. As revealed by the survey, the institutional investors hinted that they have already invested in crypto assets and anticipate increasing their exposure.  Breakdown of The Survey