Governor Gavin Newsom this week touted California as being the first U.S. state to create a comprehensive regulatory framework for blockchain technologies and crypto digital assets, according to a press release. Newsom signed an executive order on May 4 on cryptocurrencies which he said will “create a transparent regulatory and business environment for Web 3 companies” in the golden…
Gov. Newsom Moves to Embrace, Regulate Crypto Industry in California via Executive Order
Trader’s Guide on How to Choose Tokens for Investments: Security as a Key Factor
Today there are almost 10K tokens circulating in the crypto space, according to CoinMarketCap. How to choose the tokens to invest in among this myriad of options. In this article, you will find some advice on how to minimize the risks of losing assets when investing in crypto. It is not about how to make…
Crypto Miners’ Electricity Use in Texas Would Equal Another Houston
By Naureen S. Malik From Bloomberg News The Texas grid operator expects to increase electricity demand by up to 6 gigawatts by mid-2023, more than enough to power every home in Houston. The forecast from the Electric Reliability Council of Texas is the first official estimate on how much stress miners are apt to put…
Cryptocurrency’s Ability to Hedge Against Inflation
Two topics in the financial world are dominating the headlines right now: inflation and cryptocurrency. Inflation has been rising steadily, reaching a 40-year high last month; and crypto, whether you invest in it, loathe it, or pay it no mind, is irrefutably here to stay. Crypto, the new kid on the block, has attracted much attention…
This Crypto Analyst Warns Stock Market May Trigger Crypto Market Crash
Former Goldman Sachs Group Inc hedge fund manager Raoul Pal says the Nasdaq index appears to be on the verge of potentially making lower lows. He says if this continues, then the downside in the stock market may threaten crypto prices in the coming months. The failure of equities to hold has exposed risk of severe downside if…
Binance Forges NFT Tie-Up With Indian Government’s Top Tech Institute Amid Crypto Regulatory Clampdown
Amid the regulatory hammer on digital assets like Bitcoin, Ethereum, Shiba Inu, and Dogecoin, the Indian government-run IIT Delhi has partnered with Binance to provide non-fungible token (NFT) tickets during its upcoming three-day cultural fest. IIT Delhi’s ‘Rendezvous’ fest is scheduled from April 24–26. According to India’s Mint business newspaper, IIT Delhi representatives said the partnership with Binance will allow students to learn…
Crypto Exchange Currency.com Registers With FinCEN: A New Compliant US Crypto Exchange
Cryptocurrency and tokenized asset exchange Currency.com set its foot in the United States following registration with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as a money services business. In an announcement shared with Benzinga on Thursday, Currency.com announced that it will launch in 48 states and territories across the United States and…
Russia’s Billion Dollar Crypto Market Targeted by US for Evading Sanctions
Russia’s billion dollar crypto market is facing new scrutiny from the West in response to Moscow’s invasion of Ukraine amid warnings that digital currencies are being used to help evade economic sanctions. The U.S. Department of the Treasury on April 20 announced the names of entities and individuals in Russia that it says have been involved in attempts to evade sanctions…
Markets Are Crashing and Burning; Were NFT Bears Right?
Commentary For many doomsayers, this is their “I told you so” moment. After months of seemingly impossible gains, the markets are finally adjusting to reality. As financial markets generally have gotten whacked in the new year, crypto has had an especially rough time. Since the start of the year, both Bitcoin and Ethereum are down….
Bored Apes Yacht Club Sales Surge by Over 176 percent in 24 Hours, Floor Price Hits 109 ETH
According to WuBlockchain’s data, Bored Apes Yacht Club (BAYC) has seen the project’s total market value increase to almost $1 billion, as the trading volume rose by over 176 percent in a 24-hour period. Along with that, the floor price of the series spiked to almost 110 ETH, which is approximately $330,000. The Bored Apes…
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