IMF Warns Central African Republic On The Potential Risks Of Bitcoin Adoption
The IMF maintains that the adoption of Bitcoin in the Central African Republic poses legal and economic challenges not only to the country but also to the region. According to the International Monetary Fund (IMF), the Central African Republic’s recent decision to adopt Bitcoin poses several challenges for the country and the region. The global […]
Untamed Planet raises $24.3M in Series A fundraising
Animoca Brands has led a $24.3 million Series A fundraising round for Untamed Planet, it will also partner with the latter to develop and publish a nature conservative game dubbed Untamed Metaverse. The fund will be utilized to build Untamed Metaverse in collaboration with Animoca Brands and its subsidiary nWay, according to the statement. Untamed […]
SW DAO Quarterly Report Teases dApp Launch
In the Q1 2022 report, SW DAO announced its focus on dApp development. For this, they will put forward their commitment to providing a more engaging and easy-to-navigate experience for users and their public dApp launch in May. SW DAO already offers a range of strategic DeFi investment products. Besides three new trading strategies on […]
Coinbase NFT public launch experiences low turnout on its first day
On May 4, Coinbase cryptocurrency exchange opened its beta non-fungible token (NFT) marketplace to the public, with on-chain statistics revealing a maximum of 150 total transactions and $75,000 in USD volume. The transactions gathered by Dune Analytics represent the entire amount of money exchanged over the 0x Protocol, the technology that powers Coinbase’s marketplace. While […]
New York Court fines BitMEX founders $30M in civil penalty
The three co-founders of BitMEX crypto derivatives exchange have been sentenced to pay a total of $30 million in civil monetary penalties by the United States District Court in New York. According to a statement released by the Commodity Futures Trading Commission (CFTC) on May 5, Hayes, Benjamin Delo, and Samuel Reed were each penalized […]