It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once...
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Russia’s Yandex Search Engine Adds Cryptocurrencies to Its Converter
Yandex, the largest Russian search engine, has updated its currency converter, adding cryptocurrencies. The widget now shows the rates of these coins in a number of fiat currencies, with plans to introduce crypto-to-crypto pairs...
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2 Minutes
What Are Web 3 Cryptocurrencies?
Over the last couple of years the concept of Web3, (sometimes referred to inaccurately as Web 3.0, the third generation of the internet), has evolved from a vaguely defined new digital utopia to becoming...
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2 Minutes
Commodity Strategist Mike McGlone Says Cryptocurrencies May Be Facing Their First Real Recession
Bloomberg Intelligence’s senior commodity strategist Mike McGlone has warned that “cryptos may be facing their first real recession.” The Federal Reserve tightening despite the risk of a recession “could be a primary headwind for...
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3 Minutes
Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities
Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold will be the...
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2 Minutes
Thailand Issues New Regulations on Custodied Cryptocurrencies
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody...
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2 Minutes
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to...
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3 Minutes
Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies
In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward...
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3 Minutes
Legislation and Regulators of Cryptocurrencies in Switzerland
Switzerland steadily remains a dream jurisdiction for many entrepreneurs. That is reasonable as the country offers very favorable conditions for doing business and is very open to new ideas. At the same time, it...
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3 Minutes
Best Cryptocurrencies For Beating The Crypto Winter: Orbeon Protocol (ORBN), Polkadot (DOT), and Fantom (FTM)
The crypto winter has left many investors in shambles, but here are three projects with the potential to weather the storm and come out on top: Orbeon Protocol (ORBN), Polkadot (DOT), and Fantom (FTM)....
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