The cost of Bitcoin mining machines has surged sharply in Shenzhen, China, following the recent spike in the Bitcoin price. According to a recent report by a Beijing-based newspaper Wen Wei Po, the price of Ant mining machines developed and…
Decentralized finance (DeFi) platform Sky, previously known as Maker, is fast-tracking the transition from MKR to SKY tokens as part of its ongoing rebrand, which began in August. Co-founder Rune Christensen announced the shift in a year-end update on December…
The crypto market’s value dropped 7.5% on Thursday after the Fed Reserve cut the fed funds rate by 25 basis points. The new target range of 4.25%-4.50% met expectations, following which investors moved away from risk-on assets like cryptocurrencies and…
Federal Reserve Chair Jerome Powell says the central bank is “not allowed to own Bitcoin,” leaving the decision to Congress. Replying to a reporter’s question during the press conference following the FOMC decision, Powell said that the Fed has little…
to Launch ‘Blockchain Investment’ Offerings /> The Russian banking giant T-Bank (formerly Tinkoff Bank) has announced it will launch a range of blockchain technology-powered token “investment” instruments. The media outlet RBC reported that T-Bank has made its “entry into the…
South Korea’s Deputy Prime Minister has claimed that the government is not negative on crypto-related matters. Choi Sang-mok, the nation’s Deputy Prime Minister and Minister of Strategy and Finance, admitted that “domestic and international uncertainties” remain in the wake of…
Europe’s cryptocurrency market is experiencing significant growth, particularly in euro-denominated trading volumes. Research by Kaiko and Bitvavo reveals that monthly euro trading volumes have consistently surpassed the 2023 averages, with notable peaks in March and November. Euro Trading Volumes Surge…
Supercar giant Automobili Lamborghini and major gaming company Animoca Brands have launched a novel, immersive ecosystem named Fast ForWorld. The new digital platform allows users to interact with their digital cars, said the press release. Players can use these cars…
While the metaverse remains a niche concept for many, a growing number of Germans are open to embracing this virtual world for education, socializing, and even for work. A recent survey of 1,149 German residents aged 16 and over, conducted…
The Dogecoin (DOGE) price took a beating on Wednesday, dumping one 9% as risk assets slumped across the board following a more hawkish than expected policy announcement from the US Federal Reserve. The Fed cut interest rates by 25bps but…