Crypto News

The Central Bank of Ireland approves Gemini for providing electronic money services
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.

Ethereum (ETH) Bounces Above $3000 Once Again Outperforming Bitcoin on Weekly Chart
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.

How Does OpenMeta Stand Out and Make a Breakthrough in the NFT Market?
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.

Crypto market selling pressure remains Asia dominated: Glassnode
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.

U.S. Senator Cynthia Lummis Sees Bitcoin Mining Boosting The U.S. Energy Industry
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 ($APE) Becomes Most Traded Token Among Ethereum ($ETH) whales, $SHIB and $FTT Remain Top Holdings
ApeCoin, the governance token of the popular non-fungible token (NFT) collection Bored Ape Yacht Club, has recently become the most traded token among the largest whales on the Ethereum ($ETH) network, with Shiba Inu and FTX’s $FTT remaining as top holdings.

NeoNexus founder pulls the plug on popular Metaverse NFT project
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.

Malaysian Ministry Proposes Legalizing NFTs to Boost Participation in Crypto Sector
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.