Australian government gives nod to 6 world-leading crypto reforms
“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said. The Australian government is seriously considering the rollout of a central bank …
Enso mounting ‘vampire attack’ on six crypto index projects
The Enso team hopes to capture over a billion dollars in total value locked (TVL) from the stunt, but users must remain staked for at least three weeks to see any benefit. Metaverse-based social trading platform Enso Finance has announced …
Iceland cuts power to new Bitcoin miners
Starting on Tuesday, no new requests for power from Bitcoin mining operations will be accepted from the country’s energy utility service. National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminum …
Bitcoin holds $50K as analyst says weekly timeframes confirm bull market remains intact
There’s no reason to discount the Bitcoin bull run yet, longer-term price data shows, but faith in an end-of-year rebound is thin. Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was …
Eastern Caribbean CBDC expands to another two territories
Two more Eastern Caribbean nations have begun using the DCash system, which allows payments and transfers of the digital EC dollar CBDC. The Eastern Caribbean Central Bank (ECCB) rolled out its digital payment system to The Commonwealth of Dominica and …
TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high
Cross-chain integrations and the growing popularity of Terra’s UST stablecoin are just a few of the factors behind LUNA’s recent rally to a new all-time high. Stablecoins are an integral part of the centralized crypto sector and the decentralized finance …
OpenSea walks back on IPO plan following community backlash
OpenSea’s new CFO Brian Roberts faced a firestorm of complaints from the NFT community based on what he said was “inaccurately reported” comments. The world’s top nonfungible token (NFT) marketplace OpenSea has denied it intends to pursue a public listing …
Big jump in investors who favor crypto over stocks: Survey
The amount of respondents who said they would be more likely to invest their money in crypto than traditional stocks increased 140% in just five months. New research by consumer data aggregator CivicScience has found that a growing number of …
Biden’s controversial anti-crypto Comptroller nominee withdraws
Saule Omarova backed out of her nomination to be the Comptroller of the Currency amid a blizzard of scrutiny over her positions on crypto and banking. The Office of the Comptroller of the Currency in the USA will operate with …
Central bank tells Thai banks not to offer crypto trading
The Bank of Thailand doesn’t want local banks or businesses using crypto, while the tourism ministry is still trying to attract crypto whales. The Bank of Thailand has stated that it does not want commercial banks to be directly involved …