Author: Crypto Insider

Aiming to become Europe’s Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish Bitcoin, Tether, and Lugano’s own LVGA Points token as essentially legal tender in the city. Lugano will also ‘roll the red carpet’ for Bitcoin and blockchain businesses and enthusiasts to relocate to the city. The Swiss city…

A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility, writes David Z. Morris, CoinDesk’s Chief Insights Columnist. Vladimir Putin’s Russia is facing a wave of truly unprecedented financial sanctions in retaliation for its widely scorned invasion of Ukraine. The sanctions have…

Colorado plans to become the first US state to accept tax payments in cryptocurrency, a move the governor’s office has described as the “next logical step on the path to digital statehood”. Colorado’s governor, Jared Polis, who announced the effort last week, explained in a tweet that the state would accept crypto payments converted into…

The EU has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the subject of smart contracts and proposes that every smart contract should have a termination function to stop the flow…

South Korea’s Ministry has reportedly offered $186.7 million to build a comprehensive metaverse ecosystem. By 2026, South Korea’s government wants to create the fifth-largest metaverse market in the world. This money would be utilized to assist the impactful expansion of digital content as well as business growth across the country. South Korea will spend at…

Decentralized exchanges, one of the largest contributors to DeFi growth, reported more than $1 trillion in trade volume over the last year. Many DeFi projects look towards the Gulf countries as a decentralized finance hub. One of the biggest contributors to the recent exponential growth of the crypto market was the decentralized finance (DeFi) sector,…