Month: May 2023

Solana: Crypto’s Next Apple? Co-Founder Shares Bold Vision For The Blockchain’s Future

Solana is a layer-1 blockchain that has been making waves in the crypto industry since its launch in 2020. The co-founder, Raj Gokal, recently spoke to TechCrunch+ about the potential of Solana to become the “Apple of crypto.” Solana Co-Founder Thinks Its Blockchain Could Rival Apple’s Success According to Gokal, Apple’s success can be attributed to its relentless focus on user experience and performance. He believes Solana shares this same focus and is working to create a network that feels like the regular Internet but is an entirely new financial…

The co-founder of BitMEX shares his ideas on the future of crypto investing

In a recent interview on the “What Bitcoin Did” YouTube channel, Arthur Hayes, co-founder of BitMEX, a cryptocurrency exchange platform, shared insights into his future plans with his fund, Maelstrom. Hayes acknowledged the rumors surrounding his quirky traveling habits and sleeping positions, disarming the audience with his openness. However, his key focus was on Maelstrom. This fund’s goal is purportedly to stimulate innovation in the cryptocurrency field while securing profit for its investors. The essence of his investment philosophy ties into Anthony Pompliano’s belief that bitcoin (BTC) has so far…

Do Kwon retains Dentons law firm to defend against US charges

Terra co-founder Do Kwon enlisted the services of global law firm Dentons following a passport forgery case, and extradition requests in Montenegro. Denton has been a highly ranked global law firm, and will help Do Kwon in his legal struggles. Addressing legal challenges Terra co-founder Do Kwon, who is embroiled in a passport forgery case in Montenegro, faced a setback as the court revoked his bail. Prosecutors successfully argued that Do Kwon posed a flight risk, deeming the initial bail amount insufficient for house arrest.  As discussions surrounding his potential…

Pancake Protectors to Bring Play-to-Earn to Gaming PancakeSwap Users

PancakeSwap launched the play-to-earn game “Pancake Protectors,” integrating their native token CAKE and offering rewards up to 10,000 CAKE for top-ranked players. On May 29th, PancakeSwap, the decentralized exchange (DEX) operating under the automated market maker (AMM) model, announced the launch of the play-to-earn (P2E) game “Pancake Protectors”, powered by GameFi Mobos’ PvP protocol. Pancake Protectors is based on the subgenre of strategy games known as Tower Defense (TD), where players’ main objective is to protect territories or possessions by strategically placing defensive structures on the assigned map. Pancake Protectors…

Bank of Japan advances CBDC program, following successful tests

The Bank of Japan (BOJ) has completed the second stage of its CBDC experimentation and is now moving forward with its pilot project. The Bank of Japan (BOJ) has successfully wrapped up the second phase of its study into the possibilities of a central bank digital currency (CBDC), according to a recently released report. This year-long project, spanning from April 2022 to March 2023, enhanced and built upon the foundational ledger functions explored in the first phase. The report indicates that this second phase focused on technologies to establish maximum…

Big solana buys on Huobi may be driven by Hong Kong’s new crypto regulations

A large amount of Solana has been purchased on Huobi, preceding the landmark decision by the Hong Kong government to allow citizens to buy crypto starting June 1st. Cryptocurrency trader and influencer “MartyParty” tweeted about significant purchases of the solana (SOL) on Huobi, a leading digital asset exchange. These transactions have taken place just days before Hong Kong’s government is set to legalize cryptocurrency purchases for its citizens starting from June 1st. MartyParty, who has a substantial following on social media, has been monitoring market trends closely. In a tweet…

Russia scraps plans for a national cryptocurrency exchange

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The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea, according to State Duma member Anatoly Aksakov. As previously reported, the local government was considering launching a unified crypto exchange as part of the Moscow Exchange. Instead of setting up a unified crypto exchange, Russia now wants to set rules for creating and managing such platforms, Aksakov said, the…

China Persuades Japan to Lift Restrictions on Semiconductor Chip Export to Harmonize International Trade

China has agreed to work with Japan to promote practical cooperation in key economic and trade areas including advancements in the semiconductor industry. The global geopolitical crisis has significantly impacted the overall development of technology. The ongoing war between Ukraine and Russia, which is estimated to take several years to resolve, has significantly increased the rift between global military superpowers. Moreover, the United States has significantly influenced other nations with high-tech capabilities in Europe and Asia to sideline Russia and China in regard to semiconductor cup developments. China Fights Back…

Latest US Debt Ceiling Proposal Strikes Out Unpopular Crypto Tax Bill

The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration.  Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot Platforms research executive Pierre Rochard asking for clarity. Following Sunday’s debt ceiling agreement between US President Joe Biden and House Speaker Kevin McCarthy, Rochard noted the absence of BTC mining in the proposed document. As a result, the VP of…

Virtual land NFT prices crater as crypto winter bites

Virtual land metaverse projects such as Decentraland, Voxels, The Sandbox, and others, have experienced a significant plunge in floor prices of their NFTs between 2022 and 2023. The move down left digital collectible and non-fungible token (NFT) enthusiasts questioning the future of the digital real estate market. Metaverse enthusiasm fading A new study conducted between Jan. 2022, and May 2023, reveals a stark reality for virtual land projects. The study examined the price fluctuations of the top five metaverse lands at their peak and current prices in ether (ETH), shedding…