May 2022

Binance temporarily suspends LUNA, UST withdrawals citing network congestion

The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to a significant selloff. As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the […]

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EL SALVADOR BUYS THE WILD BITCOIN DIP WITH 500 BTC PURCHASE

Leave a Comment / Bitcoin News / Forks Daily

President Nayib Bukele announced the purchase of another 500 BTC leaving the total reserves of El Salvador at 2,301 BTC valued at $74 million. El Salvador bought the dip with a purchase of 500 BTC. The BTC purchase bolsters the already stacked reserves of El Salvador with a total of 2,301 BTC currently valued at

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Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity

Leave a Comment / Business, Metaverse / Forks Daily

Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very

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Galaxy Digital Loses 1.7m in Q1 as Crypto Markets Plunge

Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge

Leave a Comment / Bitcoin News, Business / Forks Daily

A diversified financial services firm dedicated to the digital asset, Galaxy Digital (GLXY), announced its financial results for the first quarter ended March, with a significant financial loss. The company recorded a net loss of $111.7 million due to unrealised losses in digital assets and investments in its trading and investing businesses. In the same period, in

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Azuki NFT Founder Admits to Abandoning Past Projects

Sony announces $1.5 billion share buyback; sees 56% rise in PlayStation 5 sales

Leave a Comment / Business, Stock market / Forks Daily

KEY POINTS Sony plans to buy back 200 billion Japanese yen ($1.54 billion) of shares as the company announced operating profit more than doubled thanks in large part to its PlayStation gaming division. Sony’s Chief Financial Officer Hiroki Totoki said the company is forecasting sales of 18 million units of the PlayStation 5 in the

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NASA Partners With Epic Games to Create a Martian Metaverse Simulation

Leave a Comment / Metaverse / Forks Daily

NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help create a Martian metaverse experience. The challenge will include various tasks, including designing several key environments for Martian astronauts, which will be rendered using Epic Games’ Unreal Engine 5 to provide a realistic

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USED CAR EXPORTER SBI MOTOR JAPAN NOW ACCEPTS BITCOIN

Leave a Comment / Bitcoin News / Forks Daily

SBI Motor Japan is now accepting bitcoin and another cryptocurrency in an effort to provide cross-border access to used-cars for unbanked users. SBI Motor Japan, subsidiary of SBI Holdings, is accepting bitcoin and another cryptocurrency for its cross-border e-commerce site for used cars. SBI stated this feature will offer accessibility to a wide range of

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Meta will test digital collectibles on Instagram starting this week

Leave a Comment / Business, Metaverse / Forks Daily

According to Mark Zuckerberg, Meta was planning to “bring similar functionality to Facebook soon” and working on “augmented reality NFTs” for Instagram as well. Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward

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Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases

Leave a Comment / Crypto/Blockchain, Regulation / Forks Daily

According to the Times of India, Hestu Yoga Saksama, director of tax regulations at the Ministry of Finance, has confirmed that the government has decided to impose a 0.1% tax charge on incomes emanating from the trade of digital currencies. Indonesia, Southeast Asia’s largest economy, announced plans to tax capital gains from crypto investments by 0.1 percent

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Binance temporarily suspends LUNA, UST withdrawals citing network congestion

EL SALVADOR BUYS THE WILD BITCOIN DIP WITH 500 BTC PURCHASE

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity

Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge

Azuki NFT Founder Admits to Abandoning Past Projects

Sony announces $1.5 billion share buyback; sees 56% rise in PlayStation 5 sales

NASA Partners With Epic Games to Create a Martian Metaverse Simulation

USED CAR EXPORTER SBI MOTOR JAPAN NOW ACCEPTS BITCOIN

Meta will test digital collectibles on Instagram starting this week

Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases

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