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Shiba Inu Supply Shrinks As 2.41 Billion SHIB Got Burned

Last week, about 2.41B SHIB tokens were burned, which led to the shrinkage of the overall supply of the famous “doggy meme” token and its resultant scarcity. Conversely, a whale purchased a whopping $ 20.7 million worth of SHIB. Since last weekend, the Shiba Inu token (SHIB) price has skyrocketed to roughly 20 percent. There … Read more

Kazakhstan Raises Tax for Miners as Bitcoin Mining Gets Easier

Kazakhstan is reportedly planning to raise the amount of taxes for mining cryptocurrency and attach the latest rate to the worth of the minted virtual asset. Reports say that the plan would positively impact the country’s national budget. The country’s latest move in the virtual assets sector comes with an announcement made by a top … Read more

Amazon’s CEO Positive about Crypto’s Future; Brazil to Set up Regulatory Framework for Virtual Assets

Amazon’s Chief Executive Officer Andy Jassy expresses optimism about the future of cryptocurrencies like non-fugitible tokens. The CEO, however, added that the company had no intentions to adopt virtual assets in the foreseeable future.  Although virtual currencies like Bitcoin, ETH, and non-fungible collectibles keep getting increased approvals from payment platforms, not all digital marketplaces are … Read more

Sega Considering Adding NFTs to Its Super Game Project

Sega has disclosed plans to include NFTs in its upcoming blockbuster gaming project, codenamed the ‘Super Game’ Project. The Asian gaming corporation says NFTs in the project would help intertwine games. Sega announced that its upcoming gaming initiative could include non-fugitible tokens and cloud gaming technology. A group of crypto-wary gamers has expressed their displeasure … Read more

Robinhood to Give away SHIB coin worth 100,000 USD to 10k users; SHIB Coin Streams $1bn in Market Capitalization over 1 hour

Robinhood, an investment platform that focuses on cryptocurrency assets, recently announced plans to gift 10,000 users SHIB coins worth 100,000 USD. The announcement comes after Robinhood listed Shiba Inu, Solana, and Compound on its platform. The platform made the announcement on its Twitter page, during which it supplied instructions to account holders on locating their … Read more

Norway-Based Filecoin Manufacturer, DLTx, Buys American DSM to Double Its Coin Mining

Norwegian technology firm offering blockchain technology services, DLTx, has formally purchased DSM Tech Enterprises, an American company that mines Bitcoin and operates Filecoin on a large scale. DLTx aims to double its current infrastructure for mining Filecoin with the new acquisition. The process leading to the formal acquisition began way back in November 2021 when … Read more

Bank Of America Strategist Warns That ‘Recession Shock’ Is Coming Back, And Analyst Says Crypto Might Beat Bonds

Archangel Hartnett (BOFA’s chief investment strategist) explained to buyers that the U.S. might be in recession during a weekly monetary note. BOFA strategists noted that cryptocurrencies might outperform bonds and stocks. BOFA Strategist: Inflation Is Worsening. Blockchain Cryptocurrencies Could Beat Stocks and Bonds Chief investment advisor at the Bank of America has warned that some … Read more

Singapore’s Largest Bank Considers Joining the Metaverse

The largest bank in Southeast Asia, the DBS Group Holdings, has revealed plans to join the Metaverse, says a top executive of the organization, Jimmy Ng. The bank’s representative revealed this development in an interview on Friday morning with Asia Nikkei. DBS Group Holdings’ intentions to enter the Metaverse virtual space agree with the bank’s … Read more

Michael Saylor: Biden’s Recent Executive Order Effectively Legalized Bitcoin

On April 7, CEO and Co-founder of MicroStrategy Inc., Michael.J.Saylor, revealed why he’s more bullish about bitcoin. He commented in an interview with ARK Investment Management LLC  CEO Catherine Wood on the second day of the four-day Bitcoin 2022 conference.  MicroStrategy had “bought 21,454 bitcoins at an aggregate purchase price of $250 million” as a … Read more