States’ backlash against Binance.US continues with 6th license pulled

Multimedia film director and artist Yi Zhou is set to mint the first-ever royal nonfungible tokens, or NFTs, based on the story of Italy's House of Savoy. The digital works are made in collaboration with the House of Savoy's (non reigning) descendent, Emanuele Filiberto di Savoia, Prince of Venice.The House of Savoy is known for…

Global peer-to-peer (P2P) crypto exchange LocalBitcoins has officially confirmed the removal of trading in local fiat currencies, the firm announced in a tweet on June 4.As previously reported, the Finland-based exchange silently removed cash trading on June 1, which immediately caused some outrage in crypto community.In the official statement, LocalBitcoins noted that its liabilities are…

The memecoin frenzy on Pump.fun is hitting a wall, with the platform’s “graduation rate” sinking below 1% for a fourth straight week. “Graduation rate” is the memecoin launchpad’s term for tokens that make it through the incubation phase and become fully tradable on a Solana decentralized exchange (DEX). To graduate, a token must meet specific

Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts.There isn’t much that can rival the experience of having one’s senses almost immersed in a virtual world — which is why many believe that the technology will have a natural…

Apart from delaying the issuance of Bitcoin bonds, the Salvadoran government has apparently slowed down the pace of buying new BTC as well. 574 Total views 26 Total shares The government of El Salvador has reportedly decided to postpone the issue of a Bitcoin (BTC)-backed bond due to the unfavorable market conditions fueled by the…

However energy consumption has not matched the 170X price increase over the same period. 855 Total views 7 Total shares The Bitcoin energy consumption debate is heating up faster than the planet, with corporations facing pushback from the public and shareholders over Bitcoin investments.According to a Citigroup Inc. report, Bitcoin is consuming 66 times more…

Top execs at Mastercard and Wells Fargo agreed that blockchain technology has long-term potential, but it has not been realized to date, CNBC reports on March 28.Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga concurred that the potential of distributed ledger technology (DLT) is yet to pay off, but that there are still…

Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency. 1852 Total views 8 Total shares China’s large-scale digital yuan testing across several cities continues to gather pace with some financial institution leading the development of hardware wallets for the central bank digital currency.According to news agency Xinhua, the…