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Japan’s Biggest Bank to Issue Yen-Pegged Stablecoin for Settlement: Report

Japan’s Biggest Bank to Issue Yen-Pegged Stablecoin for Settlement: Report

The trust banking arm of Mitsubishi UFJ plans to use blockchain technology for securities trading with the stablecoin acting as a payment instrument. Mitsubishi UFJ Trust is set to issue a stablecoin as a means of payment to enable instant settlement of securities transactions, according to a report by Nikkei. The trust banking arm of Mitsubishi […]

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Bitcoin, Ethereum Technical Analysis: Bitcoin Hits ,000 After Tesla Announcement

Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $43,000 After Tesla Announcement

Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings in BTC. Overall, crypto markets were around 3% higher on Monday. Bitcoin Bitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3% as

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Bored Ape Yacht Club Loophole Exposed! Creator Can Mint Unlimited Apes

Bored Ape Yacht Club Loophole Exposed! Creator Can Mint Unlimited Apes

Bored Ape Yacht Club bears some bad news for fans. As revealed by a hot discussion on LinkedIn, the NFT collection doesn’t have a maximum limit. A function in the contract allows for unlimited supply, 30 more Apes in one go. The discussion caught the attention of industry experts, including Keir Finlow-Bates, the CEO and founder of Chainfrog, who confirmed the

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Tesla says it held nearly  billion worth of bitcoin at the end of 2021

Tesla says it held nearly $2 billion worth of bitcoin at the end of 2021

KEY POINTS Tesla said Monday it was holding $1.99 billion worth bitcoin at the end 2021. The company purchased a total of $1.5 billion in bitcoin in 2021. Tesla said Monday in a filing with the SEC it was holding nearly $2 billion in bitcoin at the end of last year. The company purchased a total of $1.5

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Bitcoin Will Reach 0K in Second Half of 2022, FSInsight Says

Bitcoin Will Reach $200K in Second Half of 2022, FSInsight Says

Ether could reach $12,000, the report said. Bitcoin became increasingly correlated with equities toward the end of the fourth quarter of last year and fell when faced with the prospect of central bank tightening, FSInsight said in a note entitled “Digital Assets in a Post-Cycle World.” The correlation has become more pronounced with bitcoin and

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NFTs Sees Increase in Manipulative Trading Practices: Chainalysis

NFTs Sees Increase in Manipulative Trading Practices: Chainalysis

Non-fungible tokens (NFT) have witnessed a rise in malpractices as the sector turns increasingly volatile, blockchain analytics platform Chainalysis reported. The platform published a report that said NFTs have seen a growing number of cases in exaggerated prices, liquidity and money laundering, especially through wash trading. The report added that wash trading and money laundering have occurred through questionable flows running

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Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees

Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees

Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard fork.” ‘Blob-Carrying Transactions’ The price of ethereum (ETH) has moved northbound during the last two weeks, climbing more

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Paxful Launches Bitcoin Education Center In El Salvador

Paxful Launches Bitcoin Education Center In El Salvador

The crypto payment gateway Paxful has opened “La Casa Del Bitcoin” in the heart of El Salvador’s capital city.   Salvadorans still lack knowledge about crypto assets Although El Salvador became the first nation to adopt Bitcoin as legal tender in the last year, 90% of the inhabitants of the Latin American country describe their knowledge of

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Investors are paying millions for virtual land in the metaverse.

Investors are paying millions for virtual land in the metaverse.

It’s no secret the real estate market is skyrocketing, but the Covid pandemic is creating another little-known land rush. Indeed, some investors are paying millions for plots of land — not in New York or Beverly Hills. In fact, the plots do not physically exist here on Earth. Rather, the land is located online, in

Investors are paying millions for virtual land in the metaverse. Read More »