Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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El Salvador, the first country to make Bitcoin legal tender, is now paving the forward for other countries with its crypto-friendly regulations. On January 11, the country passed legislation allowing a legal framework for a Bitcoin-backed bond — termed the “Volcano Bond.”
El Salvador states that it has built on its “first-mover advantage by passing landmark legislation establishing a legal framework for all digital assets that are not bitcoin.” Keep Reading »
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Authorities in Bulgaria are looking into the cryptocurrency lender Nexo on suspicion of money laundering, tax evasion, unauthorized banking, and computer fraud.
According to a statement posted on Facebook on Thursday, the Bulgarian Prosecutor’s Office is looking into Nexo’s criminal behavior in Sofia to neutralize it. The operation involves more than 300 individuals. Siika Mileva, the attorney general, stated in the statement Keep Reading »
Scams have long plagued the digital asset sector ever since its inception. Recently, a scam called ‘Address Poisononing’ has been doing the rounds in the crypto sector.
Crypto firms are now becoming increasingly wary of this scam. MetaMask has now put out a tweet warning users of this scam. In address poisoning scams, a scammer will first “poison” your account by sending you a small amount of crypto. Keep Reading »
The most effective asset management in the world, BlackRock (BLK), will let go of about 500 workers, or about 3% of its workforce. $10 trillion asset management fired its first batch of employees since 2019 in this round. The decrease in employment still accounts for a small part of the company’s more than 18,000 global employees.
The company’s employees received word of the layoffs on Wednesday via a memo arranged by CEO Larry Fink. In addition, Business Insider reports informed the impacted workers. The layoffs took place at one of the biggest asset management companies in the world after a disastrous market slump in 2022. In a memo distributed to staff, CEO Larry Fink and BlackRock President Rob Kapito stated Keep Reading »
The struggling cryptocurrency exchange Zipmex, which is currently being acquired, may have broken local laws while selling particular digital asset products, according to Thailand’s securities authority.
On December 28, the Securities and Exchange Commission (SEC) of the country sent a letter to Zipmex Thailand’s CEO, Akalarp Yimwilai, expressing concern that Zipmex Thailand might be acting as an unlicensed “digital-asset fund manager.” The comment explicitly relates to ZipUp and ZipUp+, the company’s cryptocurrency return-earning schemes. Keep Reading »
In a recently revealed significant step, the Central Bank of Nigeria (CBN) unveiled intentions to develop a regulatory regime to control stablecoins and initial coin offerings (ICOs).
The “Nigeria’s Payments System Vision 2025” paper adds to the nation’s earlier initiatives to supervise the biggest crypto market in Africa. Keep Reading »
We saw the highest of Number of Sales on 31st December which was 18.6K and the Lowest of number of sales was recorded on 2nd January which was 12.9K. This Metric showed an overall Decrease.
TKO Price Analysis January 2023
TKO is a token of the platform Toko Token. Its current price is around $0.2631 at the time of writing, with a low of $0.1722, and it has a market cap of 28 million dollars. Keep Reading »
WOO Price Analysis January 2023
WOO is a token of the platform WOO Network. Its current price is around $0.1678 at the time of writing, with a low of $0.102, and it has a market cap of 247 million dollars. Keep Reading »
MATIC Price Analysis January 2023
MATIC is a token of the platform Polygon. Its current price is around $0.8084 at the time of writing, with a low of $0.3228, and it has a market cap of 7 billion dollars. In addition, Polygon, a company that specializes in accelerator programs and investment, has announced the launch of its newest initiative called “Orbeon Protocol,” which will be set up to increase its following after a surge of 805%. Keep Reading »
SOL Price Analysis January 2023
SOL is a token of the platform Solana. Its current price is around $13.36 at the time of writing, with a low of $8.14, and it has a market cap of 4 billion dollars. Keep Reading »
Top 5 Crypto to Buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023. Keep Reading »
Top 5 Crypto to Buy after FTX Crash: TRX, MATIC, IMPT, APE, and ADA
FTX filed for Chapter 11 bankruptcy on November 11, and its implosion created a ripple effect across the crypto industry. The crash of FTX has had a major impact on the crypto market and exchanges that use it. Keep Reading »
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