Terra (LUNA) led a rout in altcoins on Saturday as worsening sentiment saw investors lock-in recent gains in the market. Most major altcoins also saw sharp losses for the week.
Electric car maker Tesla entered a bitcoin mining in partnership with blockchain firm Blockstream and Jack Dorsey’s payments firm Block. The three companies will collaborate on mining bitcoin in an open-source, solar-powered mining facility in Texas. The facility will be powered by solar power and battery infrastructure provided by Tesla.
Quik.com has launched TLDs, top-level domains on the Ethereum blockchain with lifetime ownership, and requires no renewal fees.
Lawmakers in Australia want to regulate decentralized autonomous organizations (DAO). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions.
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,” he explained.
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging the fiat currency to gold, on Friday Russia’s central bank announced a surprise interest rate cut that starts Monday.
Twitter users beware: if you’ve been tagged in a thread about an amazing opportunity for free Azuki NFTs, do not click the link and connect your Ethereum wallet. It’s likely part of a recent scam, and it is not an official initiative from the creators of Azuki.