Memecoin Shiba Inu can officially be used to purchase land in the SHIB Metaverse using the native SHIB token, as the development team continues to provide utility for holders. Holders of the popular memecoin Shiba Inu (SHIB), will now be able to use the cryptocurrency to purchase land in the Shiba metaverse.  On Wednesday, the...Continue Reading

Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption. The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid. The order published by...Continue Reading

Other notable NFT news this week includes Larva Labs deleting all of its Tweets and Elon Musk briefly changing his Twitter PFP to Bored Ape Yacht Club collage. This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace...Continue Reading

LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally. Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling...Continue Reading

Binance said it would “significantly scale” its operations in France following the registration approval, and planned to expand its team “to pursue further infrastructure development.” The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country. In a Wednesday update, the...Continue Reading

The crypto exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails as well as the Routefire platform. Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the...Continue Reading

In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences. The city of Shanghai has been in a month-long mandated quarantine, which confines its 25 million residents to their homes. Initially, the latest COVID-19 outbreak began in March of this year and developed into the worst infection zone...Continue Reading

$735 million in BTC options expire on May 6 and data suggests that the current macroeconomic conditions will continue to favor bears. Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances.  Adding to this “bearish”...Continue Reading

The May Federal Open Market Committee policy meeting concluded with the largest single rate hike in over two decades. The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the second of an...Continue Reading

“We’re getting ahead of the curve on this, laying the foundation to allow for consumers and business to thrive,” said California Governor Gavin Newsom. Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring...Continue Reading