South Korea Poised To Launch Digital Asset Taskforce Following Terra Crash
According to local media reports, South Korea plans to launch a digital asset watchdog by June. The country will set up a Digital Assets Committee to serve as a “control tower” for space. The committee will oversee the regulation of space until the government is able to draft fundamental legislation on digital assets. The government […]
Cardano Becomes Sixth Biggest Cryptocurrency After Early 27% Surge
Cardano is up 27% today in anticipation of the long-awaited Vasil hard fork update due to be released in June. Key takeaways Cardano is up over 27% today, overtaking Ripple to become the sixth largest cryptocurrency on the market. The rally precedes the long-awaited Vasil hard fork upgrade, which aims to improve network throughput and […]
India Partners With The IMF On Cryptocurrency Consultation Document
India’s Economy Ministry is finalizing a consultation document on cryptocurrencies to be submitted to the federal government. The implementation of the document can bring the country of 14 billion closer to the international regulatory consensus on digital assets. On Monday, May 30, during an event hosted by the Department of Labor and Employment, Business Secretary […]
Bitcoin Faces An Uphill Struggle Despite Surging 35% From $23.8K Lows
Bitcoin (BTC) made fresh gains overnight on May 31 as the month close was expected to seal losses of around 15%. Sell triggers accumulate over $33,000 Data from TradingView showed BTC/USD consolidating again after surging to $32,200 on Bitstamp by rebound. The pair thus ended the second day with more bullish momentum, but that did […]
Prada Joins Luxury Brands On Web3 With Upcoming Ethereum NFTs
Prada, an Italian luxury brand, has joined the top luxury brands on Web3 and announced the launch of their Ethereum NFTs on June 2nd. Prada set to drop 100 ETH NFTs Prada will offer 100 NFTs to Ethereum on Thursday to coincide with the launch of its latest Timecapsule apparel. NFTs, or non-fungible tokens, are […]