The Financial Times reported that Britain’s chief financial regulator warned against adding crypto markets too quickly to his territory. This was in response to a government plan to make the UK an international crypto hub.
Tim Draper was an early investor in bitcoin and has stated that he remains optimistic about the future value of the first cryptocurrency, despite the recent downturn in its price. Draper believes the asset is still worth its value as an inflation hedge and that the market that we are currently navigating is “very similar to” the dot-com bubble burst but with higher inflation.
Gary Vaynerchuk will host the VeeCon NFT conference this weekend in Minneapolis. The event is centered around the VeeFriends NFT Project and features 150 speakers including Beeple, Snoop Dogg and Mila Kunis.
“It was obvious to me, it wasn’t to many that it was a bad idea,” stated Tether and Bitfinex CTO Paolo Ardoino.
According to a new survey, blockchain technology could be more motivating for fitness than traditional monetary incentives.
The “difficulty Bomb” will slow down Ethereum’s current network. Ethereum developers hope to quickly transition to proof-of-stake, which would eliminate the need to update the bomb.
Pakistan could generate tax revenues of at most $90 million per year if the authorities impose a 15% tax for cryptocurrency transactions. This is according to an executive from a cryptocurrency exchange.
Whalemap suggests that Bitcoin bulls could face “do or die” if the USD/BTC exchange rate drops below $27,000
The market is in uncertainty so the Commonwealth Bank of Australia has stopped the launch of its crypto trading service.
Abkhazia continues finding underground locations for cryptocurrency extraction, even after the introduction of criminal and financial penalties for cryptocurrency mining. Law enforcement officers have taken dozens of illegal cryptocurrency farms’ mining equipment this week.
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