Cryptocurrency news
1 million Shiba Inu users can't be wrong... can they?
Shiba Inu (SHIB) has reached an adoption milestone by surpassing the 1 million holders mark — even though the memecoin is trading 50% below its all-time high. News of the milestone and daily price increase has energized the Shiba Inu community since the official Shiba...
Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
In September, El Salvador adopted bitcoin as legal tender, sending shock waves through the international monetary establishment. That, and other increasingly ambitious plans to put bitcoin at the center of its economy, are wagers that America’s global influence is waning. “I...
Bank of England Governor Touts CBDCs Over Stablecoins: Report
The governor of the Bank of England (BoE), Andrew Bailey, said that exploring a central bank digital currency (CBDC) would be better for financial stability than asset-backed stablecoins, which the banking chief said he was “skeptical” about. Speaking at a House of Lords’ Ec...
Elon Musk sells over $1 billion of Tesla stock
Tesla CEO Elon Musk has sold around 934,000 shares for approximately $1.1 billion. The transaction is confirmed by filings with the Securities and Exchange Commission on November 11. It is just the third time he has sold Tesla shares since the firm went public in 2010. Elon...
Opensea surpasses $10 billion in all-time sales
OpenSea has become the first nonfungible token (NFT) platform to conduct NFT deals in the eleven-figure range. This year, the platform has witnessed exponential growth, with the platform processing $2.5 billion in deals for the whole first half of 2021. OpenSea has already p...
Brazilian congress proposes crypto as a method of salary payment
A Brazilian lawmaker has proposed legislation to allow cryptocurrency payments as a form of salary for both public and private sector employees. Workers will be allowed to seek payment in cryptocurrency from their employers. The measure requires crypto payments to be given only i...
Chainlink surpasses the value of $75 billion
The entire value of the Chainlink network has already surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi business. Chainlink is one of the cryptocurrency space's fas...
SFC re-evaluates crypto ETFs laws
Hong Kong's Securities and Futures Commission, or SFC, is investigating legislation governing virtual currency transactions, including whether people can participate in exchange-traded funds or ETFs. According to a South China Morning News report published on Wednesday, the...
Miami Mayor receives 100% of his paycheck in Bitcoin
Francis Suarez, the current Mayor of Miami, has declared that he would earn his whole salary in Bitcoin. As a result, he is the first sitting politician to do so. Previously, NFL players and other athletes accepted to collect partial or even full payment in Bitcoin, but never a s...
Ethereum Hashrate Reaches New ATH
According to a recent Bitcoin Foundation poll, the most widely utilized chain in the industry is still Ether (NFT). The level of the fees that attract miners from all around the globe closely correlates with the popularity of the Ether network. Even though the EIP-1559 upgra...