The Central Bank of Ireland has finally approved the crypto exchange platform Gemini to offer electronic money services in the country. The exchange is the first organization to receive the license since October 2020 and 18th overall. The other major firms with the license include Coinbase, Stripe, Meta, and Square.
The world’s second-largest cryptocurrency Ethereum (ETH) is once again showing strength over its biggest competitor Bitcoin. The ETH price has surged 6% as of press time crossing the crucial resistance of $3,000 levels.
According to NFTGO, an NFT statistics website, the total market value of NFT has shot up to US$16 billion. Its transaction volume has been fluctuating and hitting new highs, even the bottom daily transaction volume was around US$100 million. With the continuous influx of external funds, brands, and the continuous expansion of NFT application scenarios, the NFT market size is bound to grow further.
Investors based in Asia have generally been sellers while those in the US and EU have been buyers for the past two years with only one short exception.
The relevance of the nascent Bitcoin industry keeps getting new highlights for its potential, which suggests that it will transcend just being a payment network or store of value. For some US Congress members, Bitcoin represents a solution to generations-old energy problems.
ApeCoin, the governance token of the popular non-fungible token (NFT) collection Bored Ape Yacht Club, has recently become the most traded token among the largest whales on the Ethereum ($ETH) network, with Shiba Inu and FTX’s $FTT remaining as top holdings.
The founder of NeoNexus, a Solana-based NFT project, has stated the team is no longer developing the project, blaming the drop in Solana (SOL) prices for the decision.
Malaysia’s communications ministry has proposed legalizing non-fungible tokens (NFTs) to increase the participation of young people in the cryptocurrency space. The crypto sector is under the purview of the central bank, Bank Negara Malaysia, and the Securities Commission.