The first country in the EU, Spain, is trying to control the way cryptocurrencies are marketed, with new restrictions on influencers’ promotions. According to the new rules published Monday, posts promoting crypto-assets must now include the appropriate disclaimer. Fines for non-compliance could reach €300,000. The new rules will come into force in February. The fast…

NFT is a huge branch of the blockchain economy that essentially formed before our eyes in 2021. And while few people knew what “non-fungible tokens” even were a year ago, by the end of the year, the most prominent corporations were already integrating NFT solutions into their products, and the market volume amounted to tens…

American retail chain Walmart is preparing to enter the metaverse by creating its own NFT collections and cryptocurrency. This information is based on several trademarks filed by the retail giant with the United States Patent and Trademark Office. In late December, the retail chain filed several trademark applications with the United States Patent and Trademark…

Sultan Gustaf Al Ghozali, a 22-year-old Indonesian student, has joined the NFT frenzy, becoming a millionaire as a result. He listed selfies of himself as an NFT for five years on OpenSea, the largest NFT marketplace, and sold them for $1,107,225 in total. Al Ghozali is a college student studying Computer Science and based in…

BitPay, one of the world’s most popular crypto payments processors, revealed that over 2021, Bitcoin’s use at merchants that use its payment services dropped to about 65%, down from 92% in 2020. Ether purchases accounted for 15% of the total, stablecoins were 13%, while Dogecoin, Shiba Inu, and Litecoin, added to BitPay in 2021, accounted…

Breaking crypto news from the last week (Jan. 8 – 14, 2022): Jan. 8: As Turkey’s economy remains in turmoil, with inflation rising to 36%, its currency has lost 44% of its value against the US dollar since this time last year. Meantime, the use of stablecoins in Turkey has skyrocketed, and today, 28.96% of…

Pakistani government and its central bank have recommended banning cryptocurrency, arguing in a document submitted in a provincial court that allowing it would cause capital flight. Reuters reported that an official report recommends declaring all cryptocurrencies illegal, citing local media. The Sindh High Court has been hearing a constitutional petition filed in 2019, which seeks…

Block, the Jack Dorsey-led payments company (formerly known as Square), wants to democratize access to Bitcoin mining by building an open mining system. This comes amidst fears that Bitcoin mining is becoming too centralized. Block is building an open Bitcoin mining system as it continues to expand beyond its core payments business and embraces CEO…

Dogecoin soared 25% and briefly topped the $0.2 price range following Tesla’s announcement that it would begin accepting the meme coin. Tesla CEO, Elon Musk, tweeted that the automaker would finally begin accepting DOGE, a move that the meme coin community had greatly anticipated. Musk, a big proponent of Doge, had teased this adoption numerous…

“High-performance blockchain” NEAR Protocol has raised $150 million in its latest funding round led by Three Arrows Capital. The NEAR token has surged on the news, gaining 6.6% in the following hours. NEAR Protocol announced Thursday that it has successfully closed a $150 million funding round to accelerate Web3 adoption. Su Zhu and Kyle Davies’…