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The digital asset trading platform, Lbank Exchange, plans to list a new token on its trading floor on October 25 to enable its users to access and trade gold-based crypto assets. LBank Exchange to Unveil VNX Gold (VNXAU) VNX Gold utilizes blockchain technology to tokenize physical Gold by combining Gold’s reliability and cryptocurrency’s flexibility. Users … Read more
According to a survey, Japan is prone to pitfalls due to Fed’s constant rate lifts. One can be noted in its currency delving drastically against the USD. However, the third leading global economy is unlikely to slide into a recession. Federal Reserve Rate Raise Affects Japan Japan continues toiling to get the Yen thriving versus … Read more
Bitcoin rebounded swiftly after a sharp decline to $18,700. The asset was last seen trading at $19,121. Stocks equally trailed upward, recording gains of 1.5 percent, despite opening low at 0.3 percent. Why Are Assets On The Rise? Nick Timiraos, dubbed Fed’s mouthpiece by ZeroHedge, shared his opinion on the possible reason behind the market’s … Read more
Investors of Obelisk have claimed that its promoters had taken advantage of them financially. Before this, the National Consumer Commission (NCC) received consumer complaints. In a public declaration on Friday, the complainants said close friends and family members enlisted them. The complainants said that Obelisk convinced them to buy a “bitcoin mining machine.” The Scam … Read more
Payment adoption involving cryptocurrency among large enterprises is gaining traction as more businesses seek to leverage the popularity of digital assets to attract more customers. Walmart Hints at the Future with Crypto The U.S.-based retail behemoth, Walmart, is considering a future with cryptocurrency. According to its Global Chief Technology Officer, Suresh Kumar, cryptocurrency is set … Read more
The crypto market is currently in a bearish trend due to the woeful performance of the broader industry, with the global macroeconomic environment appearing grim. ECB Mulls Interest Rate Hike The United States Federal Reserve has taken aggressive action against soaring inflation. The Fed has continuously raised interest rates to more than 50 basis points, … Read more
On October 18th, hackers attacked Moola Market, a Celo protocol, and stole over $8.4 million. The platform immediately stopped operations following the attack. Moola advised users to stop all activities on the protocol. How The Attack Happened According to reports, the exploit occurred on October 18th. The hackers reportedly manipulated the protocol and stole $8.4 … Read more
As the global economy struggles to stay afloat following a series of interest rate increases to battle skyrocketing inflation, Australia is toeing a different path from the rest of the world. Finding a Balance with Small Rate Hike In a surprising move, the Australian central bank has pushed for a ‘smaller’ rate hike in early … Read more
The European Union (EU) recently approved the Market in Crypto Assets (MiCA) regulations. It is now urging its counterpart in the United States to hurry up and keep pace with its guidelines. Crypto Regulations are Now Global The EU financial services commissioner, D.C., Mairead McGuinness, revealed that crypto regulations would now take a global dimension. … Read more
The Bank of Jamaica is set to expand the country’s central bank digital currency (CBDC), JamDex, in collaboration with the government to boost its adoption rate. JamDex Expansion on the Horizon According to a recent report, the country’s CBDC drive began in 2022 in partnership with Lynk, a mobile wallet services provider. Since September, the … Read more
The latest report from the blockchain analytics firm Chainalysis shows that Russia is experiencing a spike in stablecoin adoption after its latest military offensive against Ukraine as the country groans under international sanctions. A Rise in Stablecoin Transactions The Chainalysis report revealed that the transaction volume of stablecoins in Russia jumped to 67% in March … Read more
The world’s leading card payment provider, MasterCard, has revealed that it is currently working on ensuring that cryptocurrency becomes an “everyday way to pay” asset as the company envisions an increase in adoption. The 5 Areas of Focus The payment giant has made five areas its main point of concentration to turn crypto into an … Read more