BUSINESS
Edge Mastercard to allow payment with cryptos
Edge users can add funds to their apps with cryptocurrencies. Merchants will receive the payments in US dollars. Bitcoin, Bitcoin Cash, Dogecoin, Litecoin, and Dash can be added this way.
BUSINESS
Aussies lost $81.5 million to crypto scams this year: ACCC
Australian Competition and Consumer Commission says actual losses in scams likely to be much higher, as only around 13 percent of the people report losses. However, the Mayor of Gold Coast in Australia still has faith in the currency and asks: why not pay local taxes in cryptocurrency?
BUSINESS
Social media and crypto a combustible combination for fraud: FTC report
According to the report, if a new love interest wants to show you how to invest in crypto, or asks you to send them crypto, that’s a scam.
BUSINESS
New York AG warns against risks of crypto trading
New York AG Letitia James, in an investor alert, stated that investors have lost 'hundreds of billions'
BUSINESS
New York imposes two-year moratorium on new crypto mining firms using non-renewable power
The Bill caps electricity use at current levels for existing mining operations. The Bill does not alter operations running on renewable sources, or using less energy-intensive alternatives such as proof-of-stake to verify transactions.
BUSINESS
Crypto.com gets regulatory nod in Dubai, FTX launches in Japan
Singapore-headquartered Crypto.com is one of the world’s largest cryptocurrency exchanges by volume. FTX, which overtook Coinbase to become the second-largest crypto exchange, has announced the launch of FTX Japan, to expand its services to Japanese customers.
BUSINESS
Former OpenSea executive charged with NFT insider trading
According to the US Department of Justice, Nathanial Chastain used confidential information about what NFTs, which are financial securities consisting of digital data, were going to be featured on OpenSea’s homepage for his personal financial gain
TRENDS
Former football players purchase land in Sports Metaverse
In the metaverse where possibilities are endless, investors see the potential to rent a virtual space for parties with sports stars, private lodges to view sporting events in virtual reality stadiums, or offer key brands a space for sponsorship appearances
BUSINESS
MAS to explore the economic potential of DeFi
MAS aims to develop and pilot use cases in open, interoperable networks, trust anchors (entities that maintain ledgers in the blockchain ecosystem), asset tokenisation, and institutional-grade DeFi protocols.
BUSINESS
Terra Debacle: UK government seeks to regulate stablecoins
The government recommends changing existing legislation to give the Bank of England power to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.
BUSINESS
Shiba Inu founder deletes all tweets, blogs
The founder of meme coin Shiba Inu goes by the name Ryoshi; very little is known of him. Similar to the founder of Bitcoin, Satoshi Nakamoto, they remain anonymous.
BUSINESS
Women will push Bitcoin prices beyond $250,000: Tim Draper
Last year, too, Draper reiterated his 2018 prediction that Bitcoin would touch $250,000 by the end of 2022 or early 2023.
WORLD
Cryptos crumble but VCs remain gung-ho on future prospects
Venture capitalists (VCs) have poured billions into crypto and blockchain startups this year, especially into the Web3 and Ethereum layer-2 scaling solutions space, despite apparent overall bearish sentiments.
WORLD
Vitalik Buterin shares tips on evaluating ‘truly stable’ algo stablecoins
According to the Ethereum co-founder, for stablecoins, even at zero interest rate, demand for holding should exceed demand for borrowing. However, even if a system passes this test, steady-state and extreme-case soundness should be the first things to be checked out
BUSINESS
Tether enters Latin America with stablecoin pegged to Mexican peso
Forty percent of Mexican companies are looking to adopt blockchain and cryptocurrencies in some form, making Mexico a prime location as the next Latin American crypto hub
BUSINESS
A16z’s $4.5-billion bet: 5 things to know about the largest crypto fund
Crypto Fund 4 is the firm’s fourth and biggest so far and double the size of the previous fund
BUSINESS
People hesitant to buy crypto, lack of knowledge to blame: study
The CouponFollow study found 42 percent ascribed their aversion to lack of understanding, while 39 percent feared the massive fluctuations in some crypto’s value
BUSINESS
Terra crisis: Family bonds shattered, dreams ripped apart
Many Terra investors have lost hope of recovering their money after the Terra crash last week.
BUSINESS
Crypto market: Why is there a crash and what’s next?
The plunge in the value of cryptocurrencies also revealed that they are not as insulated from the financial markets as they are made out to be.
BUSINESS
Wall Street’s ‘Fearless Girl’ to debut as NFT
The first drop of the collection will be auctioned on the OpenSea platform on May 10
BUSINESS
Cybersecurity a crucial component of blockchain ecosystem: CEO of QuillAudits
Three major use-cases for blockchain in cybersecurity are securing communication for IoT devices, verifying updates to prevent devices from malicious software, and in countering distributed denial-of-service attacks
BUSINESS
NFTs: Bringing about the next level of funding social causes
NFTs are leading a revolution in fundraising for the marginalised by reaching out to a global audience and rewarding them for their contributions
BUSINESS
Crypto Conversations: Why Ukraine’s crypto-powered crowdfunding is a watershed moment
The war-torn country has been seeking donations in cryptocurrencies and has announced an NFT collection to further its resistance efforts
BUSINESS
Pledge launches platform for non-profits to accept crypto donations
The platform claims hundreds of top non-profits have already started accepting crypto through Pledge.
