Mike Novogratz, CEO of digital asset manager Galaxy Digital, warned against trying to predict a bottom to the recent crypto crash.
After careful consideration, the US Congress has expanded on its intention to regulate cryptos and other digital assets. In several large economies, the legal ambiguity surrounding digital assets has become a major source of concern. The recent Terra meltdown, in which $15 billion was lost from the crypto market, has only reinforced the need for regulation.
2022 is set to be the year Ethereum completes its largest consensus merge in history. Ethereum’s long-awaited shift from the environmentally unfriendly Proof of Work (PoW) consensus mechanism to a much more eco-friendly Proof of Stake (PoS) mechanism is most likely to occur sometime in August.
During the recent cryptocurrency market bloodbath, Dogecoin and Shiba Inu saw huge price drops. Meme coins lost all of their gains and plummeted from all-time highs. In the midst of very critical conditions, the global crypto market made a small comeback. Over the last day, the overall crypto valuation increased by 3.44 percent.
Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important aspect of stablecoin value. But, does it make sense if the legal terms of a stablecoin do not give you, the stablecoin holder, the legal right to redeem that digital record on blockchain for fiat currency?
Many crypto investors use more than one exchange to satisfy their trading needs. While Binance and Coinbase are two of the most popular and user-friendly options available, sometimes users find themselves wanting to transfer crypto from Binance to Coinbase and vice-versa.
Meta Platforms Inc., formerly Facebook, has filed five trademark applications for “Meta Pay.” The filings cover a wide range of cryptocurrency services. The company is renaming Facebook Pay to Meta Pay.