Cryptocurrency news
Korean government tells Apple and Google stores to take down P2E games
The South Korean government has moved to block the release of new play to earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store. P2E gaming has become popular in the cryptocurrency industry. Gamers typically must first purchase...
Hive Blockchain on track to mine more Bitcoin, less Ether this quarter
Publicly traded crypto mining firm Hive Blockchain is expecting to produce 6,900 Ether (ETH) and 670 Bitcoin (BTC) for the fiscal quarter ending on Dec. 31, marking a respective drop and increase over that of the previous quarter. In a Wednesday notice to shareholders, H...
Bank of Russia to allow crypto investment via foreign firms: Report
Russia continues sending mixed signals to the cryptocurrency markets as more reports provide details on the country’s upcoming crypto regulation. Shortly after Bank of Russia governor Elvira Nabiullina announced the Bank’s intention to prevent the local financial syst...
Adidas Originals reaches second spot on OpenSea rankings with debut NFT collection
In its debut weekend, the first NFT from Adidas Originals’ "Into the Metaverse" project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Ta...
Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading
The Senate of Paraguay passed a bill on Thursday that regulates the mining and trading of cryptocurrencies.Paraguay’s Chamber of Deputies will discuss the bill in 2022, as confirmed on Twitter by Paraguayan Sen. Fernando Silva Facetti, one of the three authors of the measur...
Tether lauds Myanmar shadow government for making USDT an official currency
Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency. Myanmar’s NUG is a shadow government run by the supporters of Nobel Peace Priz...
India’s Crypto Bill Likely to Be Delayed for Several Weeks: Reports
India’s highly anticipated crypto regulation bill probably won’t be introduced to Parliament until next year’s session begins in late January or early February, several media outlets reported. Media reports citing unnamed sources said the crypto bill...
Cyprus’ finance ministry recommends ‘capacity building’ for crypto
Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering ris...
Bank of Russia Bars Mutual Funds From Investing in Crypto
The Bank of Russia, the country’s chief financial regulator, issued new rules for the country’s mutual funds in a directive published Monday. Such funds cannot invest in digital currencies or in “financial instruments, the value of which depen...
3 reasons why Ethereum price can drop below $3K by the end of 2021
Ethereum's native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emer...