Someone paid 149 ETH for a virtual yacht in the Ethereum-powered Metaverse “The Sandbox”
08 Dec 2021

Someone paid 149 ETH for a virtual yacht in the Ethereum-powered Metaverse “The Sandbox”

In a recent online auction, a single non-exchangeable token (NFT) created for the metaverse "The Sandbox" was sold for 149 Ethereum or more than $650,000. What is The Sandbox? The Sandbox is a virtual world built on the Ethereum blockchain...
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Binance will apply for UK license despite local legal issues
07 Dec 2021

Binance will apply for UK license despite local legal issues

According to C.Z., Binance aims to become a registered cryptocurrency company in the UK within 6-18 months. Changpeng Zhao (CZ) - CEO of cryptocurrency exchange Binance - has said that his company will apply for a Financial Conduct Authority (FCA)...
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Bank of England criticises El Salvador for introducing Bitcoin as national legal tender
06 Dec 2021

Bank of England criticises El Salvador for introducing Bitcoin as national legal tender

El Salvador's adoption of Bitcoin caused a big stir around the world. It was almost a myth until BTC was introduced as legal tender. Then the announcement itself shocked the world and the final launch became a hot topic. The...
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“Time has come for South Korea to embrace cryptocurrencies”- says KRX chief
03 Dec 2021

“Time has come for South Korea to embrace cryptocurrencies”- says KRX chief

Sohn Byung-doo, chief executive officer of the Korea Exchange (KRX), believes the time has indeed come for the use of digital assets. On the stage of the Global ETP 2021 Conference, Sohn Byung-doo said that the digital asset industry is...
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China’s central bank proposes monitoring Metaverse and NFT
02 Dec 2021

China’s central bank proposes monitoring Metaverse and NFT

China's crackdown on cryptocurrencies is expanding to include Metaverse and nonfungable (NFT) tokens, the director of the People's Bank of China (PBoC) recently suggested. Speaking at the National Financial Security Summit, Gou Wenjun, director of the anti-money laundering (AML) unit...
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El Salvador buys another 100 Bitcoin to add to its inventory
01 Dec 2021

El Salvador buys another 100 Bitcoin to add to its inventory

Nayib Bukele remains unfazed by the bear market in Bitcoin this week. He took the opportunity to acquire another 100 Bitcoins. Nayib Bukele - the president of El Salvador - recently announced that his country has bought another 100 Bitcoins....
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Research. The most popular cryptocurrencies among Russian social media users.
30 Nov 2021

Research. The most popular cryptocurrencies among Russian social media users.

Research conducted on Russian social media has identified which tokens are most frequently commented on by social media users. Experts list most mentioned crypto in Russian social media Brand Analytics, a company specialising in media monitoring in the CIS, recently...
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Liquidations on exchanges exceeded $770 million on Black Friday
29 Nov 2021

Liquidations on exchanges exceeded $770 million on Black Friday

The total amount of liquidated positions on cryptocurrency markets has reached more than $770 million, Coinglass data shows.  Black Friday liquidations reached USD 770 million.  Bitcoin led the pack with USD 217 million (4,000 BTC). Ethereum came in second, taking...
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Bitcoin accumulation accelerates. Whales bought 0.29% of total BTC supply in 7 days
26 Nov 2021

Bitcoin accumulation accelerates. Whales bought 0.29% of total BTC supply in 7 days

Bitcoin whales bought 59,000 Bitcoins in a week under $60,000 apiece. Bitcoin trading below $60,000 for more than a week allowed some whales to accumulate more assets. On-chain data suggests that long-term holders and whales bought 0.29% of the total...
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Healthcare services company accepts DOGE
25 Nov 2021

Healthcare services company accepts DOGE

A Canadian healthcare services company stands out from the crowd with its willingness to show support for three of the most popular dog meme cryptocurrencies: Dogecoin ($DOGE), Shiba Inu ($SHIB) and Floki Inu ($FLOKI). "Ask the Doctor" is a Canadian...
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Bitcoin will not be banned in the US. President Biden picks Jerome Powell as next Fed chairman
24 Nov 2021

Bitcoin will not be banned in the US. President Biden picks Jerome Powell as next Fed chairman

During his tenure as Fed chairman, Powell said the agency was "actively working to issue a CBDC" but was unlikely to support a complete ban on cryptocurrencies. President Joe Biden has nominated Jerome Powell for another four-year term as chairman...
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An investment with 100 times the profit! A 69-year-old Israeli citizen invested $3,000 in Bitcoin.
23 Nov 2021

An investment with 100 times the profit! A 69-year-old Israeli citizen invested $3,000 in Bitcoin.

Today, the value of the pensioner's cryptocurrencies is $320,000. The bank refuses to withdraw the cash. After making 100 times the return on her initial investment, Bank Hapoalim refuses to pay out the $320,000 profit Esther Freeman earned on her...
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The US Justice Department wants to sell $56 million worth of cryptocurrencies to compensate victims of the BitConnect scam
22 Nov 2021

The US Justice Department wants to sell $56 million worth of cryptocurrencies to compensate victims of the BitConnect scam

In a November 16 announcement, the Justice Department said it would sell seized crypto and keep the proceeds in US dollars until it can use the funds to provide compensation to BitConnect victims.  The US government currently holds $56 million...
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Austria plans to tax cryptocurrencies
19 Nov 2021

Austria plans to tax cryptocurrencies

As more and more governments look to capitalise on the profits from cryptocurrencies, authorities in Austria have expressed their intention to tax profits from investments in digital assets, similar to stocks and bonds. The move is expected to increase confidence...
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‘Big Short’ investor Michael Burry says: “I have never shorted any cryptocurrency” – he warns about the biggest bubble in history.
18 Nov 2021

‘Big Short’ investor Michael Burry says: “I have never shorted any cryptocurrency” – he warns about the biggest bubble in history.

Hedge fund manager Michael Burry, known for predicting the 2008 financial crisis, says he has never played a short position on any cryptocurrency. He further warned that the current bubble is the biggest. Burry is best known for being the first...
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Animoca Brands reveals plans for metaverse
17 Nov 2021

Animoca Brands reveals plans for metaverse

Animoca Brands has announced that it will team up with Korean record label Cube Entertainment to build a "K-pop metaverse". Non-fungible tokens (NFTs) continue to disrupt the mainstream entertainment industry, with gaming NFT company Animoca Brands partnering with Korean record...
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Dutch authorities seize cryptocurrencies worth more than €25 million
16 Nov 2021

Dutch authorities seize cryptocurrencies worth more than €25 million

Dutch authorities have seized more than €25 million in cryptocurrencies, including Bitcoin and Ethereum, from dozens of suspects in criminal cases. "Cryptocurrencies are widely used as a means of payment for various crimes," the Dutch prosecutor's office said. The Fiscal...
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Bitcoin will be replaced by a currency based on Ethereum
15 Nov 2021

Bitcoin will be replaced by a currency based on Ethereum

Kenneth Griffin, billionaire CEO of US hedge fund Citadel, believes that the Ethereum networked currency will replace Bitcoin (BTC) as the world's No. 1 cryptocurrency. Citadel manages more than $40 billion in capital - a quarter of the volume traded...
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Evergrande avoids bankruptcy
12 Nov 2021

Evergrande avoids bankruptcy

Chinese property developer, Evergrande, is the most indebted property development company in the world. The company's debts amount to $300 billion, 19 billion of which are international bonds. On Wednesday, Evergrande made a last-minute repayment of part of its debt,...
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Binance as the most popular cryptocurrency exchange!
11 Nov 2021

Binance as the most popular cryptocurrency exchange!

In October, the exchange was visited by as many as 171 million users. Binance has been accused by regulators from around the world of supporting crimes related to digital currencies. However, the regulations have not pushed the exchange out of...
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