Category: Guides

[ad_1] Bitcoin’s price is down roughly 56% since January but crypto-related stocks such as MicroStrategy, Riot Blockchain, Coinbase, and Hut8 Mining are down up to 74%. The orange line in the chart below shows Bitcoin’s decline in 2022 as a percentage of the January price. The other lines represent major Bitcoin equities, none of which…

[ad_1] Telegram users can now buy and sell cryptocurrency within the app due to a new update for the @wallet bot. In April, the TON (short for “The Open Network”) cryptocurrency gained its own @wallet bot on Telegram’s open WebApps platform, allowing users to buy, sell, and trade Toncoin (TON) without leaving the chat application.…

[ad_1] Sweden’s central bank, the Riksbank, along with the central banks of Israel and Norway and the Bank for International Settlements (BIS), is exploring the use of a central bank digital currency (CBDC) for immediate retail and international remittance payments, according to a Sept. 28 release. The collaboration between the central banks and BIS is…

[ad_1] Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report. While it represented a growth of 16% year-over-year, it accounted for only 2% of global crypto transactions — the lowest in the world. However, the latest Chainalysis report indicates that the region has…

[ad_1] Warner Music Group will be partnering with OpenSea to allow artists to engage with their fanbase through NFTs. According to a Sept. 29 announcement, “select WMG artists” would be able to “build and extend their fan communities in web3.” The selected artists will be given access to a new “drops product,” receive increased visibility,…

[ad_1] Decentralized oracle protocol Chainlink has announced the launch of its long-awaited staking reward programs- the SCALE and BUILD. The programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking. Chainlink SCALE Program The Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) program is part…

[ad_1] A pilot project involving four Asian central bank digital currencies (CBDC) involving real-value transactions was completed on Sept. 23, according to a LinkedIn post by Bank for International Settlements (BIS) advisor Daniel Eidan. The pilot project, titled mBridge project (also known as Multiple CBDC or mCBDC), facilitated $22 million worth of real-value cross-border transactions…

[ad_1] Nexo, a digital asset lending platform, announced that it has acquired a stake in Summit National Bank. The company now owns an unspecified stake in Hulett Bancorp, the holding company that owns the federally chartered bank. Nexo called the acquisition an “industry-changing transaction,” as it will expand Nexo’s footprint in the U.S. and enhance…

[ad_1] A former International Monetary Fund (IMF) official, John Kiff, believes that CBDCs need to function offline and that such technology already exists in the form of stored-value cards, which were introduced in the 1990s, according to a blog post published on the IMF website on Sept. 26. Kiff is a retired IMF senior financial…

[ad_1] Matt Hancock, former Secretary of State for Digital, culture, music, and sport, said the U.K. must take a long-term approach and lower crypto taxes to allow digital innovation to grow. “HMRC has taken a revenue-maximizing approach…applying it in a sledgehammer way… what we need to do is take a growth-maximizing view where revenues in…