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US Treasurer: Crypto for Evading Sanctions ‘Not Enough’
US Treasurer: Crypto for Evading Sanctions ‘Not Enough’

Neille Liang indicated that the crypto market is still undeveloped to be used to evade sanctions in a large-scale way. Senator Elizabeth Warren presented a bill to ensure Russia not to undermine economic sanctions. President Joe Biden signed an executive order on crypto regulation last week. Neille Liang, Treasury undersecretary for domestic finance, stated that the crypto market is too small to run an economy on. In addition, Liang said the crypto environment is still undeveloped to successfully aid sanctions evasion for Russia. At an interview with Reuters on Friday, the Treasury undersecretary said: “The transaction size we’ve seen is

2 mins read
Cardano (ADA) Price Returns to $1. Will Support Hold?
Cardano (ADA) Price Returns to $1. Will Support Hold?

Cardano (ADA) price is back to $1 after over 30 days of trading below this line. ADA formed a Double Bottom pattern. The next 2 to 3 days will determine whether ADA has flipped the $1 resistance into support. After a month of trading below $1, Cardano (ADA) has finally retaken the highly strategic price level. As of the time of writing, ADA price is at $1.07, which is a surge of 33.8% from the last 7 days, according to CoinGecko. As seen on the chart above, ADA price has maintained three consecutive green candlesticks, signifying a surge in price

2 mins read
Crypto.com to Match Ukraine Donations During Oscars
Crypto.com to Match Ukraine Donations During Oscars

Crypto.com will partner with Red Cross to match crypto donations for Ukraine. The partners will announce the details of the campaign at the Oscars 2022. Meanwhile, Ukraine has partnered with FTX to launch Aid for Ukraine.  Despite the dying fanfare in the crypto community for donations directed to Ukraine, Crypto.com announced that it will be launching a special donation drive in partnership with the International Committee of the Red Cross. According to a Twitter post by CEO Kris Marszalek, Crypto.com will match donations for Ukraine. Details of its donation campaign will be announced during the crypto exchange’s airtime at the

1 min read
Coinbase To Give Away $1M for Upcoming India Pitch Day
Coinbase To Give Away $1M for Upcoming India Pitch Day

Coinbase is giving away $1 million to promising Indian Web 3.0 startups. The giveaway will happen during India Pitch Day on April 8. Meanwhile, Coinbase stock (COIN) is down 60% from its 52-week high. Publicly traded crypto company Coinbase announced its upcoming Pitch Day, which will be held in Bangalore, India on April 8.  For the event, Coinbase has partnered with startup accelerator group Buidlers Tribe. Together, the partners will give up to $1 million in funding to promising Web 3.0 startups via Coinbase Ventures. Interested applicants can visit here for more details. Panelists will compose of some leading executives

1 min read
Australia to Regulate Crypto With Digital Services Act
Australia to Regulate Crypto With Digital Services Act

Australia will regulate cryptocurrency through its Digital Services Act. The law will focus on crypto tax, investor protection, and regulation for exchanges, brokers, etc. FTX also announced that it will open its office in Australia. Australia is mulling over the possibility of launching its own cryptocurrency regulation in a move to keep abreast with other nations. Named the Digital Services Act, this aims to consolidate all reforms put forth by the country’s legislators since late last year. Also, according to various reports, the law will focus on crypto tax, investor protection, and regulation for exchanges, digital banks, and brokers. Financial

1 min read
Coinjoy – Your All-in-One Guide Inside the Crypto World

Coinjoy.io is a сrypto news aggregator launched in late 2019. The platform has already established its reputation as a credible, easy-to-access, all-in-one source for the crypto community. Let’s talk about what makes Coinjoy stand out from other platforms and why you might want to get on it. Coinjoy’s Brand New Approach to Crypto News  Some of the features we are going to cover include: News aggregator Magazine Portfolio Feed & Layout Coinjoy aggregates the most trusted and reputable media sources, including social media platforms like Twitter, Reddit, YouTube, Telegram, as well as blogs and podcasts. The sources are carefully hand-picked

2 mins read
Universal Music Group Buys Bored Ape NFT for $360K
Universal Music Group Buys Bored Ape NFT for $360K

Universal Music Group spent $360,817 for Bored Ape #5537. The ape’s purpose was to be the head of KINGSHIP, a digital music group. The music company has been preparing for Web3. As reported by Reuters Universal Music Group (UMG.AS) has obtained a Bored Ape NFT. This will be the head of a digital music band made of NFT characters.  In November, the company collaborated with Bored Ape Yacht Club to create “KINGSHIP,” a virtual NFT band. Last month, the multibillion-dollar music company and Curio, an NFT platform, formed a partnership to produce digital artifacts for artists. Earlier in March, Universal

2 mins read
Shawn Yue Sets World Record for NFT Online Auction
Shawn Yue Sets World Record for NFT Online Auction

Shawn Yue and his team made a new world record for being the first NFT to reach the top spot in a brief period of time. Meetings were held half a year before the NFT was officially released. Last year, Yue’s auction was a big success, fetching around HK$33.85 million ($4.33 million). Hong Kong Actor Shawn Yue has set a world record at an online auction for his latest NFT. Last week, Yue’s recently launched Zombieclub Token NFT moved to pre-sale at 9 PM. In exactly two hours and 42 minutes, it became the top NFT on the NFT marketplace

2 mins read
$800K NFTs, Crypto From Rare Bears Holders Hacked
$800K NFTs, Crypto From Rare Bears Holders Hacked

A phishing attack caused members of the NFT community to lose approximately $800,000 of their assets. Rare Bears project head’s discord account has been compromised and banned other team members. Moving forward, Rare Bears team promised to take security matters seriously. Holders of the newly-launched NFT project, Rare Bears, have lost more than $800,000 worth of NFTs and other cryptocurrencies in a phishing attack. On Wednesday, the unknown perpetrator obtained illegal access to the project head’s Discord account. He then posed as an official moderator under the name “Zhodan”. Hence, the act allows them to post a phishing link that

2 mins read
NFT Image of Pepe the Frog’s Butt Cause $500K Lawsuit
NFT Image of Pepe the Frog’s Butt Cause $500K Lawsuit

A man paid more than $500K in an auction for an NFT image of Pepe the Frog showing its butt. Only one NFT image auctioned, 500 cards issued, 400 burned, and 99 to remain in the PegzDAO. Later on, PegzDAO distributed 46 of those 99 remaining NFT images for free. Matt Furie, the creator of Pepe the Frog, decided to hold an NFT auction last year. Specifically, he planned to sell an image of the delicate internet meme cartoon frog bathing in a pool, with its buttcrack peeping over. Furie established a Decentralized Autonomous Organisation (DAO) called PegzDAO.  On October

2 mins read
15-Year-Old Girl Sells $10K NFTs After Sports Injury
15-Year-Old Girl Sells $10K NFTs After Sports Injury

After an injury, Mya started creating NFTs and sold $10,000 to date. Her digital art is priced as much as $140,000 on NFT marketplace OpenSea. Trying different things at a young age made her realize her talent in creating these digital artworks. 15-year-old Zachary High freshman Mya Parker got her anterior cruciate ligament (ACL) torn in September, causing her to stop playing the sport she’s in. Her interest in art and investing gave her the idea to start creating non-fungible tokens (NFTs). Her digital art sold more than $10,000 online. According to an article by TheAdvocate, Parker said while sitting

2 mins read
BNY Mellon: Blockchain to Soak $120T From Capital Markets
BNY Mellon: Blockchain to Soak $120T From Capital Markets

BNY Mellon’s Michael Demissie said that more than $120 trillion from the capital markets will move to blockchain. Demissie is the Head of Digital Assets Unit and Advanced Solutions Group of BNY Mellon. Last month, BNY Mellon revealed that it will begin offering crypto custody soon. Michael Demissie of BNY Mellon made bold predictions about the blockchain industry, claiming that over $120 trillion from the capital markets will “be moved to a blockchain” in a span of 10 years. Demissie, Head of Digital Assets Unit and Advanced Solutions Group of BNY Mellon, said his declaration during the Forbes Digital Assets

1 min read