News
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April 16, 2024
UAE Reports $25 Billion in Crypto Transactions, Encourages Further Investment Through Regulatory Flexibility
In 2022, the United Arab Emirates (UAE) witnessed a staggering $25 billion in crypto transactions, signaling a significant uptick in digital asset activity. Now, with an eye on fostering more investment, the UAE is embracing flexible regulatory policies, as outlined in a report released on Monday. The report, issued by the Dubai Multi Commodities…
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April 15, 2024
Ethereum co-founder Vitalik Buterin has thrown his support behind a new altcoin
Ethereum co-founder Vitalik Buterin has thrown his support behind a new altcoin, causing a significant surge in its price and market activity. Buterin’s backing of Railgun (RAIL) led to an unprecedented price increase of up to 240% for the altcoin. In a recent post from his X account, Buterin praised Railgun’s innovative privacy pools…
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April 12, 2024
Australian Court Transfers $41 Million in Crypto from Blockchain Mining Group at Regulator’s Behest
Australia’s financial regulator initiated legal action against the NGS consortium of blockchain mining firms. Approximately $41 million worth of digital assets, invested by more than 450 Australians, has been transferred to restructuring experts. The Australian Securities and Investment Commission (ASIC) alleges that the companies violated regulations by offering financial services without the necessary licenses….
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April 11, 2024
Bermuda: A New Sanctuary for Cryptocurrency?
HashKey Global, a prominent player in the cryptocurrency industry, has launched its latest venture – a global exchange based in Bermuda. This move puts HashKey on par with Coinbase, signaling a significant expansion from its roots in Hong Kong to the global arena. In a discussion with Bloomger on April 8, Ben El-Baz, Managing…
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April 10, 2024
Where South Korea’s Democratic Party and People Power Party Stand on Crypto Policies
Today marks South Korea’s elections, with the results likely to shape the regulatory landscape for the cryptocurrency industry. The Democratic Party of Korea (DPK) and the People Power Party (PPP) are the two major political players in the country, with the Democratic Party being the largest since December 2022, boasting around 4.85 million members….
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April 9, 2024
Vitalik Buterin Unveils Strategies for Enhancing Ethereum’s Decentralization
Vitalik Buterin, the mastermind behind Ethereum, has long been committed to enhancing the network’s decentralization. A recent study conducted by Toni Wahrstätter delves into Buterin’s proposals on altering Ethereum’s validator rewards to further this objective. The study centers on the concept of “anti-correlation penalties.” Currently, large groups operating numerous Ethereum validators can enjoy cost…
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April 8, 2024
Charles Hoskinson, has pointed out that the cryptocurrency industry and AI share a common challenge
In a recent post on the X social media platform, Charles Hoskinson, the founder of Cardano, drew parallels between blockchain technology and AI models to illustrate why short-term narratives often fall short. Hoskinson pointed out the example of Sam Altman’s OpenAI, a renowned U.S.-based artificial intelligence research company famous for its “ChatGPT” model, which…
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April 5, 2024
Bitcoin Mining: Transforming Small Town America
The impact of cryptocurrency on our lives isn’t always immediately evident. The abstract nature of blockchain technology, the digital wallets, and the limited real-world applications often lead many to view crypto as nothing more than “silly internet money.” However, despite the ethereal nature of cryptocurrencies like Ethereum, they do leave a tangible mark. This…
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April 4, 2024
The SEC is demanding a substantial 300% of unregistered sales from Ripple
The SEC is demanding a substantial 300% of unregistered sales from Ripple, sparking discussions among legal experts about the regulator’s approach. Law professor J. W. Verret highlighted the disproportionate nature of the SEC’s request, noting that while the typical collection rate for unregistered sales claims is 11%, the SEC is seeking 300% from Ripple….
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12 April 2024
Real-world Blockchain Applications Today: From Supply Chains to Medicine
Blockchain, the technology underlying cryptocurrencies, has long surpassed its initial application. Today, blockchain is actively used in various industries, ranging from supply chains to medicine, bringing innovation and enhancing efficiency. 1. Improving Supply Chains Blockchain enables the creation of a transparent and reliable supply chain. Each stage of production and delivery can be recorded…
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02 April 2024
Top 10 Cryptocurrencies for Investment in 2024: A Comprehensive Guide
In the ever-evolving landscape of cryptocurrencies, choosing the right assets for investment can be a daunting task. With thousands of options available, narrowing down the top contenders requires careful consideration of various factors such as market trends, technological innovation, and long-term potential. In this article, we’ll explore the top 10 cryptocurrencies poised for investment…
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22 March 2024
What Are NFTs: An Introduction to the New World of Digital Uniqueness
NFTs, or non-fungible tokens, have become a hot topic in the world of cryptocurrencies and digital assets. But what exactly are they? What are NFTs? NFTs are unique digital assets, each with its own distinct characteristics and never to be repeated. They are built on blockchain technology, which ensures their genuine digital uniqueness and…
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15 March 2024
The Best Time to Trade Cryptocurrency: Key Points for Successful Investments
Trading cryptocurrency is one of the most dynamic and exciting ways to invest in the modern world. However, to succeed in this volatile market, it’s important to know when is the best time to open and close trades. In this article, we’ll discuss several key points that will help you determine the optimal time…