Crypto News

Cosmos (ATOM) Price Surges 15% Following Global Market Rebound
In 2022, Cosmos (ATOM) is one of the projects making a strong impression because of its emphasis on easing communication across different networks. This project claims to be the “internet of blockchains” and aims to accelerate the development of a decentralized economy by connecting all blockchains.

South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022.

Top 10 NFT Marketplaces to Trade Digital Arts in 2022
Despite widespread claims that they were tremendously overhyped, Non-Fungible Tokens (or NFTs as they are more commonly known) are still in high demand. This is made evident by the increasing market size of the emerging crypto sector which has witnessed an enormous boost over the past few years.

DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process.

Is there a future for digital fashion in the Metaverse?
With the rising popularity of the Metaverse, the digital fashion industry turns into a global empire, involving both the major luxury brands and retail consumers.

Bitcoin Donations Pour in to Help Ukrainian Military Fight Russia — Over $5 Million in BTC Raised
Cryptocurrency donations have poured into a nonprofit organization that provides support to Ukrainian soldiers after Russia launched a large-scale attack on Ukraine. More than $5 million in bitcoin has already been raised. Meanwhile, the group’s fundraising page on Patreon has been abruptly removed.

Shiba Inu ($SHIB) to Launch its Own Token Burn Portal in Bid to Reduce Circulating Supply
The team behind the meme-inspired cryptocurrency Shiba Inu ($SHIB) has announced the upcoming launch of a token burning portal that is set to help the cryptocurrency’s community burn tokens in an effort to reduce its circulating supply.

Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124%
Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%.