The government of Colombia announced a new system that will allow it to use the Ripple Ledger to store and authenticate property titles. The system, which was developed by a third-party company called Peersyst Technology, aims to allow the National Land Agency to issue a record number of land adjudications for citizens. Colombia to Register […]
Colombia to Use Ripple Ledger to Issue Land Registry Certificates Read More »
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638. The Ethereum ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees — known as
Ethereum average gas fee falls down to $1.57, the lowest since 2020 Read More »
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most of its
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website Read More »
Based on continuous efforts to decrease its commercial paper portfolio for transparency purposes, Tether revealed that it would slash its holdings by $5 billion by the end of July. In a statement, Tether Holdings, the issuer of USDT, the world’s largest stablecoin, pointed out: “Currently, Tether has 8.4B of these holdings, of which 5B will
Tether Aims to Render More Transparency by Slashing Commercial Paper Holdings Read More »
KEY POINTS Amazon made the decision after coming under pressure from UAE authorities, who reportedly threatened it with penalties, according to reporting by the New York Times. The news follows Pride month, which is celebrated in countries around the world but not in the religiously conservative Gulf, where homosexuality is criminalized. DUBAI, United Arab Emirates
Greenidge Generation LLC has been denied a renewal of its air permit to continue operating its Bitcoin mining on the shores of Seneca Lake in New York. The New York State Department of Environmental Conservation (NYSDEC) made the decision on Thursday that Greenidge’s Bitcoin mining operation does not meet the requirements of state climate laws. Greenidge Generation applied
New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake Read More »
Shares of the troubled digital broker plunged more than 26% in U.S. trading on Friday. Crypto broker Voyager Digital (VYGVF) is temporarily suspending all trading, deposits, withdrawals and loyalty rewards, the company announced Friday. Even the Voyager-issued debit card will stop working for owners. The changes were effective as of 2 p.m. ET. “This was a
Voyager Digital Temporarily Suspends All Trading, Withdrawals and Deposits Read More »
The NFT boom was supported by a healthy and bullish crypto ecosystem and positive investor sentiment. However, Bitcoin’s bear market had an adverse impact on the crypto ecosystem. Nonfungible tokens (NFT) took center stage in the year 2021 as artists, influencers, A-list celebrities and the sports industry finally came across a fan engagement tool that
NFT hype evidently dead as daily sales in June 2022 dip to one-year lows Read More »
El Salvador President Nayib Bukele announced the country bought another 80 BTC, resulting in a total treasury of 2,381 BTC valued around $46.1 million. El Salvador bought the dip and acquired 80 BTC at an average price of $19,000. Two days ago, MicroStrategy also bought the dip to the tune of 480 BTC. Nation-states and
EL SALVADOR BUYS THE DIP, HOLDS 2,381 BITCOIN IN TREASURY Read More »
As July begins and markets remain bearish, there’s still no shortage of dynamic developments in the crypto space. In this week’s Bitcoin.com News Week in Review, ‘sleeping bitcoins’ from 2010 make moves, Rich Dad Poor Dad author Robert Kiyosaki says he is waiting for bitcoin to test $1,100, Russia denies debt default allegations, and Mark
