THE DAILY ENCRYPT

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China’s Supreme Court Declares Crypto Fundraising Is Illegal

China’s Supreme Court adds fuel to the fire after the Russian military attacks on Ukraine slipped the crypto market cap to 1.5 trillion. The court declares crypto-fundraising illegal and determines jail time and fines for suspected persons. To be clear, the new bill announced on Thursday is an amendment to previous legislative documents regarding cryptocurrency

Ukraine Volunteers Group Raised $4M Crypto Amidst Russia’s Invasion

London-based blockchain analyst reported that a Ukraine volunteers group supporting the country’s army through equipment had obtained more than a $4 million crowdfund grant in the shape of Bitcoin since Russia attacked Ukraine on Thursday, February 24, 2022. Elliptic, a London-based blockchain analyst, already highlighted earlier this month that donations to the volunteer groups started

The Ultra-quality of Avatars for the Metaverses Has Become a Reality

Trader Nicholas Merten called the metaverse sector the most promising direction of the crypto market in 2022. According to the analyst, altcoins from this sector have been the leaders in terms of returns for the past few months. Metaverse tokens will be able to show similar dynamics in the next year, Merten believes. The concept …

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Technical Analysis: Cosmos, Harmony Prices Surge on Saturday

Cosmos (ATOM) and harmony (ONE) were some of today’s big gainers, as the global crypto market cap was up 1.23% to start the weekend. Terra (LUNA) was also higher, extending its recent gains to a sixth consecutive trading session. Cosmos (ATOM) Cosmos (ATOM) is currently trading over 13% higher in today’s session, climbing to its

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a

Goldman Sachs Excutive Packs Up To Join Coinbase Global

Roger Bartlett, a Goldman Sachs executive, announced his departure from the investment bank in a LinkedIn post to join Coinbase Global. Bartlett will serve as the global head of operations for the major U.S. cryptocurrency exchange. The former Goldman Sachs executive is the latest high-ranking veteran to bid adios to Wall Street in favor of