Despite the NFT boom of 2021 making it clear that apes and punks are here to stay – at least for a little while longer – NFTs are still a source of furious debate and analysis in the crypto community. Are they investments meant to be flipped, or the digital versions of designer art?
Terra’s native token LUNA slumped over the past week as a broader downturn in the crypto market hit the token particularly hard. It is the among worst performing tokens among the top-10 cryptocurrencies in the past week.
Former Google CEO Eric Schmidt has recently disclosed his views on the emerging blockchain industry. He said that what fascinates him the most is not cryptocurrencies but the future of Web 3.0. However, he disclosed that he has invested a “little bit” of money in digital assets.
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required.
Singapore-based DeFi platform Cake DeFi is proud to announce its new product — Borrow. The new product will allow users to borrow Decentralized USD (DUSD) by pledging crypto assets such as BTC, ETH, USDC, DFI as collateral. The DUSD that users borrow can be used in various ways to generate good income.
Ever since Russia announced its invasion of Ukraine, the invaded country has been receiving strong donations in crypto to fund its war effort. Joining recently is the Nordic country of Finland which has vowed to donate “tens of millions” of Euros earned through the sale of confiscated Bitcoins.
As cryptocurrency prices keep on dropping, investors flooded out of cryptocurrency investments products in April and their average daily trading volumes fell 16.3% to $244 million, marking the sixth consecutive month of declining trading volumes.
A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC).