Category: Latest news

[ad_1] The federal deposit and insurance commission (FDIC) acting Chairman Martin Gruenberg has acknowledged the role of stablecoins in the digital economy but advocates that it should be properly regulated before integration with the mainstream payment system. Martin Gruenberg in an Oct. 20 speech delivered at the Brookings Center, said that the FDIC was engaging…

[ad_1] Turkish prosecutors confiscated $40 million worth of crypto and arrested 35 people scattered in eight cities on Oct. 20 for running an illegal crypto betting platform, as reported by local news outlets. Reportedly, Turkish law enforcement has been following the organization for a long time. The suspects were arrested for violating the law on…

[ad_1] The biggest news in the cryptoverse for Oct. 20 includes the British Pound’s increasing volatility that is nearing Bitcoin’s, the unprofitable Q3 for Bitcoin miners, and FTX CEO Sam Bankman-Fried’s thoughts on crypto regulations and Hodlonaut’s victory against Craig Wright. Bitcoin volatility stabilizes as the Pound’s soars higher After the recent market movements of…

[ad_1] Phaver is a “share-to-earn” social media platform that runs on the Lens Protocol. This Web3 social media platform allows users to own their data and generate income streams by posting and sharing content. Phaver’s co-founder, Joonatan, describes the value of the platform by saying: “Users have control of their own profiles with the NFTs…

[ad_1] Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand. And by the power of blockchain transitivity, Algorand is now on Cardano https://t.co/wpKDNB6LFW pic.twitter.com/1N6SlyRRdz — Charles Hoskinson (@IOHK_Charles) October 19, 2022 What is Milkomedia? Mikomedia is…

[ad_1] Ethereum (ETH) based MakerDAO‘s native coin MKR is up 74% over the last 30 days and currently trading at $1,059, according to CryptoSlate data. However, MKR has been following a downtrend since the beginning of the year, when it was worth roughly $2,680. As of Oct. 20, the price is down nearly 60% from…

[ad_1] Coingecko released a report about the current state of the digital asset industry for the third quarter of 2022, which indicates a quieter environment than what was experienced in Q1 and Q2. The most notable of the pointers in the recent release is how the cryptocurrency market cap made an encouraging recovery. As outlined…

[ad_1] The biggest news in the cryptoverse for Oct. 19 includes the IRS classifying NFTs as digital assets for tax purposes, Cardano NFTs becoming the next gold rush,  Blockchain advocacy groups filing a motion to support Grayscale in the lawsuit against SEC, and top 10 metaverse tokens crashing as interest wanes. US tax watchdog classifies…

[ad_1] The President of Madeira, Miguel Albuquerque, announced his explicit support for Bitcoin in May, saying BTC and Bitcoiners are welcome. The President further added that plans are in place with infrastructure startup Jan3 to broaden integrations with the local economy. “Me, and Samson [Mow], and Jan3, [are] going to continue to work to the…

[ad_1] Twitter user @ShiLLin_ViLLian posted details of a Cardano NFT that sold for 180,000 ADA, or $64,300 at today’s price. This Cardano NFT sold for 180,000 ADA pic.twitter.com/9u449BL2sV — Alex❓ (@ShiLLin_ViLLian) October 18, 2022 The “Ford Edwards” belongs to The Ape Society Collection, recently launched by anonymous developers Cardman, Congo, and Matasa. The holder’s husband…