Hong Kong is Set To expand Crypto Rules
Hong Kong is “back in business,” and its finance chief said yesterday that they are looking into whether or not retail investors should be able to trade crypto. He said this at the start of a week of conferences meant to improve the territory’s image. In contrast to China, where crypto is almost completely outlawed, […]
Reserve Bank Of India To Reportedly Launch Digital Rupee Pilot
After announcing its plan to create a digital rupee, the Reserve Bank of India is on schedule to introduce a central bank digital currency. The RBI announced on October 31 that the Indian Reserve Bank will begin the digital rupee pilot program for the wholesale market on November 1.Nine locally active institutions, including the largest […]
Massive Loss For Crypto Lender Hodlnaut in Terra Crash
A court report said that the crypto lender’s directors “played down” how much risk the company had in the Terra ecosystem. A legal report is said to have shown that Hodlnaut lost about $189.7 million because of its exposure to the Terra crash. Bloomberg says that the report, which was written by interim judicial managers […]
Polkadot Network Enables Native Staking Pools
With the launch of a new feature called “Nomination Pools,” Polkadot is making it possible for smaller investors to take part in native staking. Anyone can help secure the network and verify transactions with as little as 1 DOT. Staking is a way for the community to help support the network in proof-of-stake blockchains. It’s […]
Cardano Becomes Third Largest NFT Protocol By Trading Volume
The trading volume on Cardano NFT exchange increased by 40% this quarter, placing it third behind Solana and Ethereum. Cardano’s non-fungible token (NFT) market is growing swiftly despite the general non-fungible token (NFT) collapse in 2021 and even 2022. In fact, as a result of a rise in NFT trading volume, Cardano rose to become […]