Amber Group Partners With Chainlink For More Reliable Asset Transaction Pricing

A leading multinational firm working in digital assets services and framework, Amber Group, joined hands with Chainlink, a well-known name in the decentralized oracle network. The goal is to provide sound and safe asset transaction pricing facilities, particularly to the growing target market of institutional clients in Asia, Europe, and North America. ...

47m

Is Russia Going To Legalize Crypto As A Form Of Payment? Court Sets Precedent In New Verdict

The City Court of St. Petersburg in Russia made a judgement that legally acknowledged digital assets less than a week after the Russia’s Industry and Trade Minister Denis Manturov said that Russia would definitely legalize crypto as a means of payment. Russian Court Acknowledges Crypto As Form Of Payment Piron and Yevgeny Prigozhin were sentenced...

47m

Do Kwon’s Proposal For Terra Relaunch Gets Approved, Now What?

After the de-pegging fiasco occurred on the Terra ecosystem amid the recent bloodbath, Do Kwon, founder of the crypto project, proposed the Luna ‘Revival Plan 2’ a week ago to prevent a total collapse.  Afterward, the company announced today via a tweet that the proposal to salvage the Terra blockchain is now approved. In line with the newly developed...

1h

Untethered: Top Stablecoin USDT Dominance Begins To Decline

Data shows the top stablecoin USDT has lost some dominance following the collapse of UST. While other coins like USDC and BUSD have observed rather sharp growth. USDT Has Shed Around $10 Billion Reserves After UST’s Collapse A stablecoin is a token whose value is pegged to another currency or commodity. The most popular such coins follow the USD,...

2h

Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue

As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1...

3h

Metaverse Record: Biggest Property Sale In Virtual Land Hits $5 Million

Yes, people are opening up their wallets and paying millions for virtual real estate in the metaverse. Curzio Research, a financial publishing company, announced that they have recently purchased a sizeable virtual land in TCG World, a not-so-popular metaverse. The previous record-holder, who paid $4.3 million for a plot in the Sandbox, was blown...

4h

Not So Great Wall: How China Failed Miserably To Ban Bitcoin Mining

The China ban on Bitcoin mining back in 2021 had one of the greatest impacts on the space. On the back of this, the price of the digital asset had gone on a massive downtrend as the hashrate out of the mining capital of the world had dropped to nearly zero. However, less than one year after the total ban was announced, mining has picked back up in the...

4h

Blockchain Relics: Harnessing NFTs Blockchain Technology for Historic Preservation

Blockchain Relics, a Web3-based historic preservation organization, is launching its Website as well as a powerful Community Campaign in the coming week. While the project is relatively new, it has been steadily gaining traction in the NFT space, as well as garnering attention from museums and historical societies across the globe. If you’re new to...

4h

Thailand Readies Itself For Digital Economy, Removes Crypto Transfers From VAT Till End Of 2023

the Royal Thailand Government Gazette has legally established a VAT exemption for crypto transfers lasting until the end of 2023. In March, the cabinet granted an exemption from the value added tax (VAT) for exchanging cryptocurrency or digital tokens. The decision was enacted into Thai law yesterday and will be in force until December 31, 2023. Thailand...

5h

WeWork Founder Is Back With $70 Million Funding For Flowcarbon

Highly controversial WeWork Founder Adam Neumann is now back with more than $70 million in funding for a new crypto tech initiative that offers tokens linked to carbon offsets. The Goddess Nature Token (GNT) that runs on the Celo Blockchain is exchanged for carbon. Neumann raises money for Flowcarbon, his new crypto startup, from private token sales...

6h