Ad Crypto’s move-to-earn sector is up 6.19% despite a 1.6% drawdown from the overall crypto market in the last 24 hours, according to CryptoSlate data. The move-to-earn sector is a relatively small category with only 16 tokens from platforms that reward their user for their physical activities. Source: CryptoSlate While interest in the sector has…
Ad On the heels of a significant announcement involving the distressed US bank Silvergate, which had ties to the lender FTX and is now facing an increasing consortium of capital flight and scrutiny from regulators, at least two crypto companies took to social media today to announce how the news has affected them. Tether, the…
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Ad The Rally Token (RLY) has recorded an 83.73% increase in the last 24 hours, according to CryptoSlate data. RLY token increased from as low as $0.0149 to as high as $0.0313 in the last 24 hours. At the time of writing, the RLY price lingers around $0.0265. RLYUSD (Source: CryptoSlate) CryptoSlate data also shows…
Ad Circle acknowledged the concerns regarding Silvergate and said it is currently in the process of discontinuing specific services with them while simultaneously informing customers. Circle, issuers of the stablecoin USDC, responded to the ongoing FUD around its relationship with the distressed crypto bank Silvergate in a tweet on March 2. “We are sensitive to…
Ad Speaking before the Investor Advisory Committee, SEC Chair Gary Gensler said current custody rules do not adequately safeguard users’ crypto assets. Gensler said existing custody rules are supposed to safeguard investors’ crypto funds and securities with qualified custodians. However, crypto exchanges that currently fulfill that role are not qualified custodians, in his view. “Based…
Ad The Reserve Bank of Australia (RBA) is looking to establish use cases for a central bank digital currency (CBDC) and determine the economic benefits it can have through a new research project over the coming months. The project will be conducted in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) and involve multiple…
Ad When onboarding the next wave of NFTs into the mainstream, it could be as simple as sending a WhatsApp message or an SMS. Or so hopes Redeem, a new start-up that aims to make NFT transfers as easy as using basic mobile technology, potentially exposing NFT technology to billions of new customers. “I think…
Ad Spain became the number one country in the world that offers the highest number of properties available for purchase using cryptocurrencies — 289 properties, according to Forex Suggest’s analysis. Thailand and Portugal follow Spain as the second and third on the list by offering 227 and 130 properties available for purchase with crypto, respectively,…
Ad Global banks’ exposure to crypto-assets remains minuscule and mostly declined during 2022, the Bank for International Settlements (BIS) said in its latest BASEL III Monitoring report. According to the report, only 17 Group 1 banks reported exposure to crypto-assets out of a total of 181 banks that are part of the BASEL III monitoring…