Currently, the global crypto market capitalization is below $2 trillion, primarily due to Bitcoin (BTC) undergoing a minor sell-off after reaching a high of $48,251 on August 14, which has …
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People’s Bank of China in Shenzhen ‘cleans up’ illegal cryptocurrency firms
The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has …
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Charles Hoskinson dismisses criticism of Cardano’s (ADA) market cap
Cardano (ADA) founder Charles Hoskinson has dismissed criticism of the cryptocurrency’s market capitalization after it briefly surpassed Binance Coin (BNB) to become the third-largest cryptocurrency by market capitalization. Cardano’s price …
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Bitcoin (BTC) miners’ revenue up 57% since June
According to the latest on-chain data from Glassnode, mining revenue has increased by 57 percent, hitting mid-2020 levels. After major mining restrictions in China, the majority of hashrate power migrated back to Europe …
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US State Department to offer up to $10M in crypto rewards to white hat hackers
The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists. The U.S. State Department’s new “Rewards for Justice” …
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Alibaba to launch NFT marketplace for copyright trading
Chinese multinational e-commerce firm, Alibaba Group Holding, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property. The new NFT marketplace, …
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Cardano (ADA) smart contract upgrade being integrated by exchanges
According to a recent development update published by IOHK, six cryptocurrency exchanges are “actively engaging” with the Cardano Foundation to integrate the much-anticipated smart contract upgrade. Their number is expected to …
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Microsoft, Alibaba to build antipiracy system on Ethereum (ETH)
U.S. software behemoth Microsoft is looking to develop anti-piracy measures on Ethereum using research from Chinese internet giant Alibaba and Carnegie Mellon University, according to a paper released by Microsoft’s research department. Partnering with …
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Elon Musk claims DOGE is the “strongest” cryptocurrency when it comes to payments
Tesla CEO Elon Musk has once again stressed that Dogecoin fulfills the properties of a means of payment in a better way than any other cryptocurrency. In a recent tweet, he channeled fellow …
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The famous 92-year-old American magazine plans to hold Ethereum (ETH)
US business magazine Fortune says it will hold half of the proceeds from the recent sale of its non-fungible tokens (NFT) in crypto. In its first-ever NFT auction held on …
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