OpenSea NFT marketplace has launched a similar website, but in a decentralised format. The platform will let buyers and sellers get into smart contracts, in order to make transactions safer, surer, and more transparent. OpenSea will not be controlling this new decentralised marketplace. The platform has called out to smart contract makers to optimise, simplify,…
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India must establish rules on cryptocurrencies to resolve regulatory uncertainty, protect investors, and boost its crypto sector, says CoinSwitch CEO Ashish Singhal on Sunday.
Well-known global financial messaging service, SWIFT, is set to test a Central Bank of Digital Currency (CBDC) by interconnecting multiple CBDC networks to execute cross-border payments.
In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated by South Korean authorities for possible tax evasion and has responded in a Twitter thread that his firm will cooperate with the probe and that Terraform Labs has no outstanding tax liabilities in Korea.
The Twitter account of non-fungible token (NFT) artist Mike Winkelmann, widely known as Beeple, was briefly hacked on May 22 and used to promote a couple of phishing scams to drain over $438,000 (roughly Rs. 3.4 crore) from victims.
Swiss luxury watchmaker Tag Heuer has decided to sell its high-end watches for payments in cryptocurrencies. Watches costing as high as $10,000 will be eligible for purchase via cryptocurrencies. Earlier this month, luxury fashion house Gucci started accepting crypto payments in the US
Bitcoin moved beyond the $30,000 (roughly Rs. 23.5 lakh) mark on Sunday, but the largest cryptocurrency is still behind by roughly 4 percent in order to put an end to the record-breaking bearish streak on a week-on-week scale.
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency Terra (LUNA) and stablecoin TerraUSD (UST).
South Korean authorities have asked crypto exchanges to freeze assets linked to the Luna Foundation Guard, KBS has reported. The development arrives after LFG faced questions over how it had spent its Bitcoin reserves amid Terra’s collapse.
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF) has asked crypto investors to not abandon virtual assets after Terra’s recent downfall. While calling out global lawmakers to regulate cryptocurrencies, she asked investors to fund stablecoins backed by reserve assets. Georgieva has also emphasised on imparting knowledge around cryp…