Crypto-news

The US Securities and Exchange Commission is gradually escalating its activity, trying to restrict the cryptocurrency business as much as possible and bring it under the regulatory norms typical for the stock market. On August 27, we learned that the US Securities and Exchange Commission (SEC) struck a $ 125,000 deal with AnChain.AI to monitor…

A new tremendous data center is set to be built in the Kingdom of Bahrain. The multimillion-dollar main hub in Bahrain will serve all member states of the Arab League, promoting collective digital transformation across the Arab world. On Sept. 1, The Arab League’s Arab Federation for Digital Economy (AFDE) signed a memorandum of understanding…

After a tremendous August surge of $4 billion in sales volume on the leading NFT marketplace OpenSea, recent data indicate a metaphoric return from heaven to earth. Over the last week, the sales volume has dropped by almost 50%. The bearish trend saw across the crypto markets on the last week also has affected NFT…

The conflict between Ripple and the American financial regulator SEC, which has long been a pain in the neck for the cryptocurrency company, suddenly “froze”. It seems that the regulator is losing the court case, and we are in for further XRP price increases. August 31 was the deadline for the US Securities and Exchange…

Breaking crypto news from the last week (4 – 10 Sept. 2021): 4 Sept.: Bloomberg’s senior commodity strategist Mike McGlone argues that Bitcoin is gradually becoming a global reserve asset that complements the US dollar. According to a Bloomberg report, digital assets like Bitcoin and Ethereum are on the way to new highs. 5 Sept.:…

Diem, the digital currency and global payment system project of Facebook, seemingly can’t cope with its struggle with financial regulators. The payment project has been facing difficulties with senior legislators in the Biden administration. Despite the whole might of the lobbying power of the social media giant, the project of Facebook stablecoin hasn’t been able…