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0 CommentsDecentralized finance (DeFi) is considered the next big opportunity among blockchain technologies. But money is fleeing the sector amid a cryptocurrency market decline and fears of regulatory scrutiny. Recently, red flags are starting to appear more often in the DeFi sector, one of the most profitable and volatile fields of the crypto world this year….
The Palestinian Monetary Authority is researching the possibility of issuance of its own digital currency, which would provide a symbolic move to monetary independence from Israel. PMA plans to use European funds to boost the private sector, but experts are skeptical about this new adventure. This step would include Palestine on the list of other…
Scotland Yard seized £114 million (around $158 million) worth of cryptocurrency, which they believe was being used to transfer proceeds of crime. As the Metropolitan Police said on Friday, they arrested a 39-year-old woman on suspicion of money laundering. This was the biggest seizure in the U.K. and more than doubled their total seized from…
The NFT, a burgeoning technology that potentially could change how we own everything from artwork and concert tickets to our homes. The mind-boggling sales bring attention to NFTs, along with support from bigger names. USA TODAY collected everything you need to know about the digital platform. Last week, the auction house Christie’s announced the artist…
Digital artist Mike Winkelmann, also known as Beeple, unveiled his next venture on Thursday, a website called WENEW, which allows people to buy and own historic moments as NFTs, and “immortalizing these moments of human achievement.” Earlier this March, Beeple made headlines after Christie’s auctioned his artwork as an NFT for $69 million. Now he’s…
Bitmain, China’s largest manufacturer of top-tier crypto mining machines, has claimed on Wednesday that it suspends sales of its miners globally due to the mining restriction in China. According to Bloomberg, the Beijing-based mining giant decided to cut supply after its rigs have lost their value by about 75% since April. In recent weeks, China…
