Cryptocurrency Analysis and News Portal
Panic appeared to set in on crypto markets overnight on May 11 as Blockchain protocol Terra failed to steady its bleeding crypto assets.Data from Cointelegraph Markets Pro and TradingView showed both the firm’s in-house token, Terra (LUNA) and stablecoin, TerraUSD (UST) seeing fresh heavy losses on the day.A dubious new
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Early customers of the financial services company's program are providing monthly bitcoin bonuses of between $50 and $100. Original Source
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U.S. Sen. Elizabeth Warren has joined the Department of Labor in expressing concerns about Fidelity Investment's plans to offer bitcoin in its 401(k) retirement plans. Original Source
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Fidelity Investment’s plan to allow for the inclusion of bitcoin in its operated 401(k) accounts is facing headwinds from the U.S. Labor Department, which regulates company-sponsored retirement plans, according to a report from The Wall Street Journal. Source
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The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cryptox previously reported, the Ethereum sidechain developed for the popular NFT game Axie Infinity was the victim of an exploit
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The proposal from FTX.US on directly clearing its customers' derivatives is said to be the focus of a May 23 public roundtable hosted by the Commodity Futures Trading Commission. Original Source
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Three African countries — namely Cameroon, the Democratic Republic of Congo (DRC), and the Republic of Congo — are reportedly planning to adopt cryptocurrency and blockchain solutions powered by The Open Network (TON). Separately, Cameroon is considering issuing a national stablecoin that is based on the same blockchain network. Phased Adoption
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Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab, recently confirmed that the central bank is now
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The proposed tax, which is part of the government's post-COVID recovery plan, would be due when virtual currencies are sold or exchanged, and would be set at an effective rate of just under 5%. The goal is to help “debureaucratize” and simplify the current system, and improve Slovenia's competitive position
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The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by
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