Category: Currency Market

[ad_1] A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the United Arab Emirates’ native currency. Cointelegraph reached out to Akshay Naheta, founder and CEO of Distributed Technologies Research (DTR) following...

[ad_1] El Salvador has been advised by the global monetary watchdog to exercise caution in expanding government exposure to Bitcoin (BTC) due to the “speculative nature” of crypto markets. A Feb. 10 statement from the International Monetary Fund (IMF) emphasized that Bitcoin’s risks to El Salvador have “not materialized”...

[ad_1] One of the founders of the Bored Ape Yacht Club copycat NFT collection RR/BAYC has filed an opposition notice against 10 trademark applications from Yuga Labs. The move marks another strange twist in the ongoing intellectual property dispute between BAYC creators Yuga Labs and RR/BAYC founders Ryder Ripps...

[ad_1] It wasn’t long ago that crypto was referred to as just that: crypto. For those wanting a more technical-sounding slant, there was a broader phrase: blockchain technology. And, prior to all this, there was simply, in the very early era, Bitcoin. If you follow crypto developments nowadays, though,...

[ad_1] Bitcoin (BTC) mining firm CleanSpark is planning to continue its strategy of scooping up distressed mining company assets this year.  The Bitcoin miner released its fiscal Q1 earnings presentation on Feb. 9, where the company said it remained optimistic about the coming year and continued growth. Chief Financial...

[ad_1] Crypto Mining is one of several methods for creating new digital coins. To do so, miners would need to use various processing units to solve complex puzzles known as hashes, validate cryptocurrency transactions on a blockchain network, and add them to the distributed ledger. Miners who successfully solve...

[ad_1] Max Levchin, the CEO of buy-now-pay-later company Affirm, has confirmed that they will be shutting down their “Affirm Crypto Program” amid dampening consumer spending and a changing macroeconomic environment. The CEO released a letter to shareholders on Feb. 8 alongside a 19% staff cut. He cited uncertain macroeconomic...

[ad_1] Argo Blockchain (NASDAQ:ARBK), a publicly-listed crypto mining Crypto Mining Cryptocurrency mining is defined as the process through which the transactions of a digital currency are authenticated then published to blockchain. For every crypto transaction conducted, a crypto miner is in charge of authenticating the information which, if approved,...

[ad_1] The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.” The 116-page consultation paper was jointly released on Feb. 7 by the Bank of England (BoE) and...