Proof-of-Work Ban Deleted From Crypto Regulation Draft In Europe
The regulation prohibiting proof-of-work mining might have been removed from the draft legislation targeted at the European crypto space. Proof-of-work (PoW) activities are missing in the current version of the EU’s Markets in Crypto Assets (MiCA) framework that might have banned cryptocurrency mining such as Bitcoin. The plan was set to be approved by the […]
South African Crypto Exchange Valr Raises $50 Million In Series B Funding
Valr in its recent announcement said it has raised $50 million in a Series B round led by Pantera Capital. This funding means Valr is reportedly valued at $240 million. Crypto exchange based in South Africa, Valor, has recently announced a $50 million Series B fundraising round. Pantera Capital led the round, with participation from […]
NFT Marketplaces Under Investigation By The United States SEC Over Security Breaches
The US SEC is keen on knowing how some NFT marketplaces operate. NFT marketplaces are being purportedly investigated for securities breaches by the United States Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, according to Bloomberg’s insight. According to the report’s unidentified sources, the SEC is looking into whether “some nonfungible tokens… are […]
NFTs Buyers Fall Below 800,000 As Searches Suffered A Great Decline
The month of February had several 796,009 NFT buyers, which accounts for about $2.6 billion worth of sales. This is a great decline from what was recorded months before. NFTs buyers in February fell below 800,000 in their number, for the first time since October, and nonfungible search volume fell dramatically. According to CryptoSlam data, […]
Binance CEO Rules Out Crypto Ban For Russian Users
Binance is reputed as one of the world’s leading crypto exchanges, and its boss strikes out the restrictions placed on Russians to use cryptocurrency. Many ordinary Russians do not want war, according to Changpeng Zhao, founder and CEO of cryptocurrency exchange Binance, who spoke on BBC Radio 4’s Today program.Ukraine has requested that major cryptocurrency […]