The entrepreneur on spending $69m on a non-fungible token artwork and how an avatar helped him circumvent the status quo — Stefania Palma at FT.com. It was almost a decade ago that Vignesh Sundaresan, googling for ways to transfer funds directly between stock brokerage accounts, chanced on an alternative to the conventional banking system. “I…

On Thursday cryptocurrency trading platform Coinbase started listing Dogecoin, the original meme-based asset, on its Pro platform. The exchange will try to surge interest in the cryptocurrency by a $1.2 million giveaway. Coinbase retail users can now sell, buy and store Dogecoin on the exchange, the company said in a blog post. To boost up…

According to a recent analysis by crypto news site Protos, non-fungible token (NFT) sales plummeted 90% since the record sales on May 3. Market data shows over 130,000 NFT sales in a single day, and 30 days later, NFT sales dropped more than 35% last month, reaching over 84,000. Since peaking on May 3, when…

Major bank Standard Chartered is launching a cryptocurrency exchange and brokerage platform, giving its clients access to crypto assets, like Bitcoin and Ether. Standard Chartered gets in a growing list of major banking corporations worldwide that have accepted cryptocurrency. On Wednesday, the bank declared that a Standard Chartered PLC unit aims to start a cryptocurrency…

Bitcoin and other cryptocurrencies are a “farce” and a symptom of financial bubbles forming in the markets, said Pascal Blanque, chief investment officer (CIO) at Amundi. Reuters reports that Blanque said at the news conference on Thursday, cryptocurrency regulators will ultimately “stop the music” and be forced to end the party. In a recent research…

Google has announced an update to its existing financial products and services policy, including a policy on cryptocurrency advertising. According to its notice on Wednesday: “This policy will apply globally to all accounts that advertise these financial products.” The new rules will take effect on August 3, and all prior crypto exchange certifications will be…

Analysts believe that NFT trading volume may grow to $ 175.2 million by October The market for nonfungible tokens, or NFTs, is expected to maintain its rapid growth trajectory this year as demand for digital collectibles continues to grow, according to a new forecast from Invezz, an online investing news and education platform.  NFT trading…

National Bank of Egypt and UAE Financial Service Provider Set to Leverage Decentralized Payments Network RippleNet The National Bank of Egypt (NBE) has partnered with Ripple (XRP) to establish a cross-border payments corridor with the United Arab Emirates via RippleNet, according to a press release published on Tuesday. “Egypt ranks amongst the top five countries…

After the news about the ban of cryptocurrency in China, bitcoin did not have the best days, however, the situation was improved by Elon Musk’s speech on Twitter The virtual currency fell to almost $30,000 — less than half the record value it reached last month — before climbing back over $39,500 around 2000 GMT….

Samana Developers announced plans to accept Dogecoin as payment right before the launch of its Jumeriah Village Circle Subai residential project this summer. A Dubai developer announced on Wednesday it plans to begin accepting Dogecoin as a payment option for its latest project launch, despite recent turbulence in cryptocurrency markets. Samana Developers made the announcement…