Month: May 2022

Uzbekistan’s president issues decree to adopt special crypto framework

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The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry. Released on April 27, the new decree instructs a reorganization of a major presidential agency known as the National Agency for Project Management (NAPM). The authority has previously promoted crypto trading in Uzbekistan, proposing to allow residents to conduct all types of crypto trades in 2021. According to the decree, the NAPM will be restructured into a new entity called the National Agency for Perspective Projects (NAPP),…

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VanEck enters metaverse with launch of NFT collection

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VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday. The VanEck Community NFT, which is based on the Ethereum network, features an illustration of Alexander Hamilton called “Hammy” as he journeys through time and space in his quest to understand past, present and future financial policies. The New York-based investment management firm believes it will be able to showcase real-world usefulness for digital assets, as well as provide a forum…

Global Asset Manager Vaneck Launches Community NFT Project — 1,000 NFTs to Be Airdropped This Week – Featured Bitcoin News

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Vaneck, a global asset management firm with $85.5 billion in assets, is releasing 1,000 non-fungible tokens (NFTs) this week. “We’ve designed the Vaneck Community NFT to function like a digital membership card,” said Vaneck. NFTs by Asset Management Firm Vaneck, a global asset management firm with approximately $85.5 billion in assets, announced Monday the launch of the Vaneck Community NFT (non-fungible token), which the company described as an innovative way for investors to join the Vaneck crypto community and “the first-ever NFT offered by a global asset manager.” The announcement…

‘More likely’ BTC price will hit $100K before Bitcoin sweeps $30K lows, forecast says

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Bitcoin (BTC) may not crash below $30,000 and instead jump to $100,000 before sweeping its lows. That was the opinion of popular trader Credible Crypto, who, on May 2, shared an updated view of how BTC price action might unfold. Trader prepares for lows to be “left untapped” As more and more voices call for a major drawdown in BTC/USD, bullish perspectives remain confined to the long term due mainly to macro factors. For Credible Crypto, however, the pair could equally surprise the market but continue on its bull run to…

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SEC adds to cryptocurrency regulation staff

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Gary Gensler Simon Dawson | Bloomberg | Getty Images The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets. The regulator’s Crypto Assets and Cyber team, a unit of the SEC’s broader Enforcement division, will increase its head count by 20 for a total of 50 dedicated positions. Wall Street’s top law enforcer said that the 20 additions will include investigative staff attorneys, trial lawyers and fraud analysts. Both SEC Chair Gary Gensler and Enforcement Director Gurbir Grewal applauded…

What To Stake in 2022: Zilliqa Blockchain in figures

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Citing the official crypto developers’ resource, CoinDesk reported that the Ethereum Foundation has rescheduled the transition to the Proof-Of-Stake consensus algorithm. The Eth1 and Eth2 networks merger with the subsequent abandonment of mining as a means of transaction validation was planned for late 2021 – early 2022. Now, the developers aim to implement Proof-Of-Stake between Q1 to Q2 2022. Thus, miners receive extra time to withdraw profit from their GPU, which can adversely affect the availability of GPUs in retail. However, staking enthusiasts shouldn’t just sit around waiting for this…