Crypto
Wazupnaija – Naija Entertainment blogs & Forums – Business – Crypto
Deputy Minister of Malaysia’s Communication Ministry roots for legalising crypto
Deputy minister Zainul Abidin has proposed the legalisation of cryptocurrencies in Malaysia to ease financial dealings among the younger population Earlier this, the deputy minister of finance in the country spoke strongly against crypto assets In a move to indicate that the Malaysian Ministry of Communications and Multimedia (KKMM) is supporting the adoption of crypto assets, deputy minister Zainul Abidin has called for the legalisation of crypto. Speaking during a parliamentary session today, Abidin explained that it is important for Malaysia to legalise some facets of crypto and NFTs as they could potentially be useful, especially for the younger generation. He noted that the crypto space has increasingly become popular with this demographic. “We hope the government can try to leg...
RUNE rally: A closer look at THORChain’s new synthetic assets
THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cointelegraph Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to its recent price surge. But, the other factor that provided added momentum is the integration of synthetic assets to its network. Why was this such a huge deal, and what are its implications for THORChain going forward? THORChain is often compared to Uniswap since it provides users a way for traders to swap different tokens. The only difference is THORChain lets users trade layer-1 coins in a decentralized manner, whereas Uniswap is limited to only the tokens that are of the E...
Price analysis 3/21: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE
Bitcoin (BTC) and most major altcoins are attempting to start the new week on a positive note by bouncing off their respective support levels. Goldman Sachs became one of the first major banks in the United States to complete an over-the-counter “cash-settled cryptocurrency options trade” with the trading unit of Michael Novogratz’s Galaxy Digital. This could encourage other major banks to consider offering OTC transactions for cryptocurrencies. It is not only select nations that are showing growth in crypto adoption. A report by cryptocurrency exchange KuCoin shows that crypto transactions in Africa have soared by about 2,670% in 2022. Bitcoin Senegal founder Nourou believes that Africa could continue its thousand plus percent growth rates in the next few years. Daily cryptocurrency marke...
Law Decoded: Arab States of the Gulf open up to digital asset services, March 14–21
Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to must-pass legislation days and hours before the vote. It all ended well, though, as the Committee on Economic and Monetary Affairs voted against the draft that contained the hostile language. Over in the United States, monetary policy kept growing more political, as evidenced by Sarah Bloom Raskin, President Joe Biden’s pick for the Federal Reserve’s vice chair for supervision, being forced to withdraw her nomination due to a Senate gridlock. Ukrainia...
Tennis star Naomi Osaka becomes ambassador for crypto exchange FTX
Naomi Osaka, once one of the highest-ranked tennis players in the world, has become the latest figure in sports and entertainment to endorse crypto exchange FTX. In a Monday announcement, FTX said Osaka will be taking an equity stake in the exchange as well as receiving an undisclosed amount of cryptocurrency as compensation for her endorsement. According to the crypto exchange, the tennis star will be part of a “long-term partnership” aimed at bringing women into the space. “We have seen the statistics about how few women are part of crypto by comparison, which kind of mirrors the inequality we see in other financial markets,” said Osaka. “Cryptocurrencies started with the goal of being accessible to everyone and breaking down barriers to entry.” If @StephenCurry30 @TomB...
ApeCoin retraces as Ethereum Classic maintains upward momentum into the new week
Ethereum Classic (ETC) and Algorand (ALGO) up more than 6% in the last 24 hours ApeCoin price has slid approximately 10% as the token struggles to find stability just above $10 The majority of crypto assets came off the weekend trading either around their support zones or slightly in the red. The market has remained a mix of green and red but a few alts have notably been caught in the extremes. Bitcoin hovering around $41k, Ethereum pushing to break above $3k Bitcoin, the largest cryptocurrency by market capital, has continued with its slow run in the last 24 hours, swinging around $41,300. A sharp fall of over $1,000 from a 24-hr high of 41,680 to $40,668 earlier today appeared to threaten the calm in the market but the flagship crypto managed to shake off the plunge and has since risen t...
Deloitte 2021 Global Blockchain Survey: 76% of respondents believe digital assets are a strong alternative to, or outright replacement for, fiat currencies
Pre-COVID, cryptocurrency was still a relatively unknown commodity in mainstream circles and to average consumers. Two years into the pandemic (or post-pandemic, can we say???), that has changed entirely. Deloitte’s 2021 global blockchain survey highlights the extent of crypto’s emergence – and this survey was conducted only one year into the pandemic, in March/April 2021. Note: “FSI Pioneers” are respondents whose organisations have already deployed blockchain activities into production and/or integrated digital assets into their core business activities Remarkably, 76% of respondents believe that “digital assets will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5-10 years”. That’s quite a staggering number and one that really surprised u...
If you are looking for cryptocurrency tokens to buy on a budget these are the best $1 tokens
ADA, TRX, ALGO, and XLM are the best tokens you can get under $1. Each token has huge potential for growth, and some of them might surpass the $1 value point. All tokens are from solid cryptocurrency projects which have seen several developments. Cardano (ADA), TRON (TRX), Algorand (ALGO) and Stellar (XLM) are all solid tokens you can buy for under $1. We are going to go over each token as a means of showcasing what kind of potential for growth they have. Should you buy Cardano (ADA)? On March 21, 2022, Cardano (ADA) had a value of $0.89. Cardano (ADA) had its highest point of value on September 2, 2021, when the token reached a value of $3.09. Cardano (ADA) had its highest point of value on February 8, with a value of $1.24. Its lowest point of value was on February 24, when the token dec...
Malaysian comms official calls the state to legalize crypto and NFTs
The Malaysian Ministry of Communications and Multimedia (KKMM) is reportedly backing the adoption of cryptocurrencies, with the deputy minister calling the government to legalize crypto. Deputy communications and multimedia minister Datuk Zahidi Zainul Abidin has urged Malaysia’s regulators to legalize certain use cases of cryptocurrencies and nonfungible tokens (NFT), local news agency Harian Metro reported on Monday. Zahidi pointed out that such measures would significantly support young people as the cryptocurrency industry has been growing increasingly popular among the younger generation. He also said that the KKMM is exploring ways to increase the participation of young people in the industry. The deputy minister noted that the decision on crypto regulation is up to Malaysia’s financ...
SushiSwap community proposes Swiss legal structure to limit DAO liability
SushiSwap (SUSHI), a community-led suite of decentralized finance (DeFi) tools, plans to implement a legal structure aimed at mitigating risks for token holders and members of the Sushi protocol. Sushi’s new legal structure will be based on a community-approved proposal from Mar. 20 that cited the need for an association or foundation to help provide legal clarity and administrative support for SushiDAO. Proposal: Sushi Legal Structure To form an association or a foundation for Sushi DAO in order to provide clarity regarding the rights and obligations of token holders and contributors and limit their liability and mitigate the future risk.$SUSHI https://t.co/SHpKcpvjqP — veRSK (@KartelCrypto) March 20, 2022 According to the proposer and a member of the SushiSwap community, Tangle, th...
Chinese internet giants remove NFT platforms fearing gov’t crackdown
China’s leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack of regulatory clarity and fearing government crackdown. Chinese social media giant WeChat reportedly removed several digital collectible platform accounts for violations of the rules. Digital collection platform Xihu No.1, one of the hyped NFT projects in the market, was among the removed platforms. Another platform called Dongyiyuandian revealed that its official app has been banned, reported a local daily. WhaleTalk, a digital collectible platform launched by tech giant Ant group, also updated its policy to increase the penalty for using an over-the-counter (OTC) desk for trading NFTs. It is important to note that even though NF...
Turning losses to wins: How a Ponzi victim became a crypto evangelist
Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a second chance and discovered a new passion. It all started when Manansala was invited by an acquaintance to join a very popular crypto project in 2017. The project’s team asked him to create a video of himself in exchange for free tokens. After this, he was advised to reinvest the gains. Baited by the high returns, Manansala ended up investing more money into the scheme only to discover that it was a scam. “After studying and putting my money in for about three months, it became clearer that it was a scam. I did what a can to recover and pull out what I could, and I was able to save some of the investments before their token totally crashed.” When...
