Category Archives: Cryptocurrency News

Bybit opened its own NFT trading platform

Cryptocurrency exchange Bybit announced the launch of a platform for “first-class NFT projects”, where it plans to attract well-known brands and world celebrities. The NFT Marketplace platform, according to Bybit, will have to be different from existing sites that trade non-fungible tokens. Customers do not need to connect external wallets – they can use their existing Bybit accounts to purchase NFTs. In addition, the site promises to support NFTs based on different blockchains. Blockchain game…

The British Treasury is going to ban free advertising of cryptocurrencies

The UK Treasury Secretary said that advertising of cryptocurrencies should be controlled by the FCA or the Bank of England and comply with the standards that apply to insurance products. UK Treasury Secretary Rishi Sunak has taken the initiative to ban the uncontrolled distribution of cryptocurrency advertising. According to him, more than 2.3 million Britons already own crypto assets, but they have become less understanding due to misleading ads. The minister said that he increasingly…

Research: Since 2013, the SEC has fined cryptocurrency projects for $2.35 billion

According to Cornerstone Research, since 2013, the SEC has filed 97 lawsuits against participants in the cryptocurrency industry, 20 of them occurred in 2021. The total amount of fines amounted to $2.35 billion. According to an updated report by Cornerstone Research, last year the U.S. Securities and Exchange Commission (SEC) filed 14 lawsuits in U.S. federal courts and initiated 6 administrative proceedings regarding cryptocurrency projects. 70% of these enforcement actions were related to Initial Coin…

Texas mining company Rhodium is preparing for a $1.7 billion IPO

Rhodium Enterprises filed with the US Securities and Exchange Commission (SEC) for an initial public offering on January 13th. This will be the first IPO of a cryptocurrency company in 2022. Rhodium plans to issue 7.69 million shares at $12-14 each, the statement said. Under the Nasdaq ticker RHDM, the company will issue 56.8 million Class A shares and 67.5 million Class B shares for a total of $1.7 billion. Rhodium Enterprises is a mining…

Intel will introduce a chip for bitcoin mining in February

Intel Corporation is preparing to release its own energy-efficient chip for bitcoin mining called Bonanza Mine. The chip will be presented in February at the ISSCC conference. Tom’s Hardware got access to Intel’s presentation schedule at the ISSCC conference. On February 23, the company will unveil the Bonanza Mine chip, which is described as an “Energy Efficient Bitcoin Mining ASIC Chip with Extremely Low Voltage.” “Intel has been designing ASIC chips for the SHA-256 algorithm…

The Central Bank of Israel will expand the study of the benefits and risks of implementing the digital shekel

The head of the Bank of Israel project to launch the digital shekel, Yoava Soffer, as part of the program to launch the digital currency of the Central Bank, announced the continuation of the study of cryptocurrencies. Yoav Soffer, responsible for the launch of the state digital currency of the Bank of Israel, said that Israel is expanding its research into digital currencies of the Central Bank. As part of this initiative, the regulator’s unit…

Study: Crypto ATM market will grow to $1.88 billion by 2028

The analytical company Grand View Research believes that one of the growth factors for the crypto ATM market will be the trend of consolidation of ATM manufacturers and crypto ATM operators. Grand View Research released a report stating that the cumulative value of crypto ATMs worldwide reached $75.01 million in 2021. The authors of the report predict that the compound annual growth rate will increase by 59.2% in the next six years and by 2028…

Walmart enters the realm of NFTs and the metaverse

According to filings with the US Patent and Trademark Office, Walmart, the largest US retailer, is preparing to enter the NFT space, as well as launching its own cryptocurrency. New trademark applications were filed with the United States Patent and Trademark Office (USPTO) on December 30, 2021, according to CNBC. In total, seven applications were submitted, according to which Walmart plans to create and sell virtual goods. In a separate filing, the company said it…

The Australian Open Grand Slam can be visited in the Decentraland metaverse

The Australian Tennis Federation has entered into a partnership with the Decentraland platform. The Australian Open Grand Slam will be the first to be played in virtual reality. The Australian Open kicks off today, January 17th. Sports venues located in Melbourne, including the Rod Laver Arena and Grand Slam Park, were modeled on the Decentraland platform. Users will also have access to broadcasts of tennis matches and Australian Open radio. More than 300 video cameras…

Visa: 24% of small businesses are ready to accept payments in cryptocurrencies

US payment company Visa conducted a survey of small businesses in nine advanced economies. It turned out that a quarter of entrepreneurs are ready to accept payments in cryptocurrencies already now, in 2022. Visa representatives interviewed representatives of 2,250 small companies with 100 employees or less in the US, Brazil, Germany, Hong Kong, Ireland, Canada, the United Arab Emirates, Singapore and Russia. According to the report on the results of the study, 24% of those…