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Bitcoin ATM locations increase 28% in Canada

While downward trends in cryptocurrency prices have affected the growth of the industry, cryptocurrency-related developments continue to make headlines almost daily. This time, the North American country Canada has seen a huge increase in the installation of Bitcoin ATMs. According to statistics provided by Coin ATM Radar, Bitcoin ATM locations in Canada have increased by…

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Tether condemns ‘false information’ and denies holding any Chinese trading paper in new statement

Stablecoin issuer Tether wants to debunk rumors that they hold Chinese commercial paper as backing for (USDT) In a new statement from the company, Tether says it does not hold any Chinese paper and such “false information” is a threat to the industry. The company also says it plans to reduce its total commercial paper…

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Crypto Giant Coinbase To Strengthen Its Presence In Europe, Plans To Expand In France And Three Other Countries

Coinbase, the leading US-based cryptocurrency exchange, is looking to increase growth outside of the US as the company plans to expand its services to four European countries. In a new company blog post, the cryptocurrency exchange says it is stepping up its expansion efforts by venturing into France, Italy, Spain, and the Netherlands after gaining…

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Ripple Launches Innovation Challenge for CBDC Solutions on XRP Ledger

Ripple is launching an innovation challenge aimed at promoting the development of XRP Ledger (XRPL) applications for central bank digital currencies (CBDCs). According to the contest page, entrants can submit projects for three categories: interoperability, retail orientation, and financial inclusion. Under the contest rules, interoperability projects must include solutions that help CBDCs connect with other…

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MicroStrategy takes a big hit after crypto crash

Software giant MicroStrategy continues to suffer thanks to its ongoing ties to bitcoin. The world’s number one digital currency by market capitalization has been seeing a series of big losses in recent weeks that have finally seen all of its 2021 gains disappear over the course of a few months, and now it looks like…

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Russia appears to be preparing to mine Bitcoin with torch gas

One of the largest carbon emitters in the world, Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flue gas for Bitcoin mining. The Russian government continues to forge ties with major players in the cryptocurrency mining industry, despite remaining skeptical about legalizing cryptocurrency trading and payments. Russia’s state-owned gas giant…

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NFT Crowdfunding & Fractionation Protocol Launched Confti

May 24, 2022 – Marks the official launch of Confti, NFT’s fractionation and crowdfunding protocol. On Confti, users can start crowdfunding tokens to buy rare and valuable NFTs together, earn token NFTs, and have partial ownership rights such as price governance or dividends. The platform supports splitting (slicing) users’ NFTs into tradable ERC-20 or ERC-1155…

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Top Coins to Buy for Quick Short-Term Profits

There are two types of cryptocurrency investors. The first category of investors are those who buy cryptocurrencies to hold for long periods of time. There is also an army of traders who buy and sell cryptocurrencies in days or weeks. Either way, everyone wants to get some return on capital. Here’s why short-term cryptocurrency trading…

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Dubai creates committee to help consolidate its position as “key city of the metaverse”

Dubai’s rulers have created a committee charged with monitoring the latest developments in the digital economy. The committee is also expected to strengthen the government’s quest to make Dubai a “key city in the metaverse”. The vision of Dubai’s rulers Dubai rulers Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Deputy Prime…