China to Launch State-Owned NFT Marketplace
Since the banning of cryptocurrencies in China, the subject of NFTs has fallen under a legal grey area.
Blockchain news category covers the foundational technology powering the crypto world. Discover updates on scalability solutions, layer‑1 and layer‑2 protocols, decentralized apps (dApps), enterprise adoption, and how blockchain is reshaping sectors from finance to supply chain. A must‑read for understanding the infrastructure behind the headlines.
Since the banning of cryptocurrencies in China, the subject of NFTs has fallen under a legal grey area.
Since reaching its all-time high back in November, Solana has shed approximately 96% of its value.
Following the severe storms across the US that led to power interruption, Binance will extend its users’ subscriptions to cloud mining products for three days. In case a power outage takes place again, another extension will be done.
As per court documents, SBF and FTX co-founder Gary Wang took $546 million from Alameda Research to purchase the stock of Robinhood Markets.
Troubled crypto miner Argo is set to sell Helios to Galaxy Digital for a much-needed $65 million as insolvency looms.
The new move by Japan to allow the distribution of stablecoins means that there would be stricter regulations on Anti-Money Laundering controls.
The cryptocurrency industry is expected to be trapped in the ongoing bear market in 2023.
Pulling out of the Japanese market is the latest of Kraken’s moves to cut costs and service the weak crypto market.
The suspension of trading activity is because of a major announcement by Argo blockchain on Wednesday. Earlier this month, Nasdaq suspended trading activity for the Bitcoin miner on rumors of the bankruptcy filing.
Eisenberg was arrested by the DOJ because the regulator believes no act of market manipulation can be justified by law.
Crypto exchange Coinbase plunged to a $32.65 all-time low as the S&P 500 and the Nasdaq Composite also slipped up.
With the falling Bitcoin price, the miner’s profitability has gone for a toss resulting into major bankruptcies and ultimately pushing the price of ASIC miners to a multi-year low.
The NFT buzz went beyond the art industry to reach the Italian fashion space.
Investing in the digital currency ecosystem has been considered a major gamble by most multinationals.
BIT Mining has reported this incident to authorities in Shenzhen, China, who are investigating the incident and collecting more evidence.