Author: Trishla Tyagi

Panamanian bank Towerbank welcomes Bitcoin and cryptocurrency users. Panama’s cryptocurrency adoption is picking increasing speed. Towerbank, a Panamanian financial institution with over 200 staff and 40 years of banking experience, has proclaimed itself Bitcoin-friendly (BTC), allowing crypto accounts to be opened. The bank has opened the floodgates to the crypto community with a series of tweets and leaks from a blockchain meetup in Panama City, the country’s capital. Representatives from Towerbank welcomed crypto enthusiasts to create accounts at the bank during a blockchain meetup held by the Chamber of Digital Commerce and Blockchain of Panama on May 26. https://twitter.com/cristpereirag/status/1529631980144447489?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1529631980144447489%7Ctwgr%5E%7Ctwcon%5Es1_&ref_ Crypto…

Turkey is said to be working on crypto legislation, which will be presented to parliament in the coming weeks. Some crypto transactions may be subject to taxes under the bill. Turkey is developing a measure to impose new restrictions for the crypto business, citing two unidentified Turkish officials familiar with the topic. According to officials, President Recep Tayyip Erdoan’s AK Party intends to present the cryptocurrency bill to parliament in the upcoming days. Companies will be required to hold a minimum of 100 million liras ($6 million) in capital under the new regulatory framework. Furthermore, worldwide bitcoin exchanges would be…

According to a report, the Lebanese pound has dropped to an all-time low of 35,600 per dollar. The currency’s recent depreciation is projected to exacerbate Lebanon’s economic problems. The black market exchange rate of the Lebanese pound versus the dollar has reportedly dropped to an all-time low of 35,600, indicating that Lebanon’s protracted economic crisis is deepening. According to an Al Jazeera article, the pound’s black market exchange rate dropped from 26,800 to the current amount in just two weeks. The official exchange rate for the pound was 1,510 to the dollar at the time of writing. Lebanon’s already precarious…

Dentistry in the metaverse: A British dental business has concluded that it has to be present in the metaverse. While people are unable to receive dental treatment, the company recognises the commercial potential of establishing a presence online. The Dental Design Studio is the first company to establish a claim in the metaverse for dentistry. The British dental firm has 15 physical facilities in the United Kingdom, as well as one in the Sandbox. The dentistry firm intends to construct interactive mirror versions of its surgeries on the property. Patients can sit in a dentist chair, have a consultation, get…

Bukola Saraki, a presidential candidate in Nigeria, recently stated that he supports the cryptocurrency business, claiming that it has created possibilities for the country’s youth. He did insist, however, that legislation guiding actors in this sector be enacted. Bukola Saraki, one of Nigeria’s presidential hopefuls, was recently cited as saying that he favors digital currencies and does not believe they will destabilize the economy. Nonetheless, the presidential candidate urged that legislation and procedures be put in place to guide actors in this field. Saraki, one of fifteen people vying to be the opposition’s presidential candidate in Nigeria’s 2018 elections, admitted…

DraftKings, a well-known sports betting and fantasy sports firm has entered the cryptocurrency industry, first with NFTs and now with crypto payments. Companies all across the world have begun to integrate bitcoin payments into their systems in recent months and years. As a result, more payment alternatives and payment difficulties will be simplified, especially globally. DraftKings is one of the many institutional brands dabbling in blockchain, crypto, and NFTs. Draftkings is a daily fantasy sports and sports betting company based in the United States that allows users to partake in weekly sports events. Users can earn benefits such as cash…

Reggie Fils-Aimé, the former president of Nintendo of America, believes that the gaming industry will gradually include metaverse features in its games. Because of their experience in creating dynamic and permanent environments, Fils-Aimé believes that established gaming firms, such as Nintendo, are more positioned to be leading the race for the metaverse than other companies. The competition to lead the metaverse area is on, and some believe gaming corporations will take the lead in the near future. Because of their experience designing and building immersive experiences for games, Reggie Fils-Aimé, former CEO and president of Nintendo of America from 2006…

Ethereum co-founder Vitalik Buterin has donated USDC$4 million to the University of New South Wales (UNSW) in Australia. The goal is to use UNSW’s open-source artificial intelligence platform, which will send out alerts for pandemic early warning signs, to avert worldwide pandemics. Buterin’s Balvi Filantropic Fund made the donation possible. Buterin’s cryptocurrency donation will help EPIWATCH continue to improve. Professor Raina MacIntyre created it as an open-source intelligence (OSINT) tool. The technology looks for early signs of epidemics by monitoring millions of publicly available web things, such as breaking news headlines and social networking platforms. It detects variations in ‘normal’…

Following the collapse of cryptocurrency terra (LUNA) and stable coin terrausd, the South Korean govt. is proposing stricter rules, including a common listing requirement, for all cryptocurrency exchanges in the nation (UST). A Meeting Between the Korean Govt and Cryptocurrency Exchanges The South Korean government is blaming cryptocurrency terra (LUNA) and algorithmic stable coin terrausd (UST) for their crashes on crypto exchanges. The Korean National Assembly and administration conducted an emergency meeting with the heads of the country’s largest crypto exchanges to explore measures to prevent a repeat of the LUNA and UST collapses. The publication stated that lawmakers and…

Michael Saylor is adamant about continuing to buy Bitcoin. Michael Saylor, co-founder, and CEO of MicroStrategy discussed whether his opinion on Bitcoin has changed recently during a recent appearance on Fox News. Saylor is a well-known Bitcoin proponent who believes the cryptocurrency is the ultimate safe haven and inflation hedge. Saylor stated that since the pandemic began in 2020, the main digital currency has grown by 229 percent, while the US money supply has climbed by 36 percent, gold has increased by 7%, the S& P 500 has increased by 29 percent, and the Nasdaq 100 has increased by 19…

The growing amount of ETH staked on Lido is raising concerns about centralization. Lido community is considering imposing a cap on the amount of ETH market share it may hold. Concerns that the protocol could become an existential threat to Ethereum have prompted the idea. Lido is responsible for moreover 30% of the total ETH supply. The community is now debating a proposal to set a cap on Lido’s maximum shareholding. Lido, by staking roughly a third of the total ETH supply, has been suggested as constituting an existential danger to Ethereum once it changes to Proof-of-Stake. The Lido community…

A16z, one of the most powerful VC firms in the crypto space, has announced the formation of a new cryptocurrency fund to invest in Web3 entrepreneurs. This firm’s fourth crypto fund, which will launch with a $4.5 billion budget, will focus on a number of crucial areas in the crypto world, including blockchain games and decentralized banking. Web3 and Crypto are Big Bets for A16z A16z, one of the most prominent crypto venture capital firms, has announced the opening of another crypto investment fund. The company’s new venture, which will have $4.5 billion at its disposal, will focus on Web3…

The founder of Cardano (ADA) and the CEO of Input Output Hong Kong (IOHK) spent a week in Washington, D.C., discussing legislative draughts and laws surrounding cryptocurrencies with legislators. https://twitter.com/IOHK_Charles/status/1530010383590666241 Cardano founder Charles Hoskinson, a longtime advocate for more government transparency when it comes to legislation and how ADA may help politicians accept cryptocurrencies, recently offered his thoughts on the current state of affairs in Washington, D.C. Hoskinson stated that he would continue to communicate with organizations such as the DCC, the blockchain association, and others in order to discover collaborative prospects. In addition, he stated that they will engage…

The victors of the Eurovision Song Contest 2022, Kalush Orchestra, are auctioning off an NFT for charity. The sale began on MetaHistory, the official Ukrainian charitable NFT museum, on May 25 and will end on May 28. Bids will be accepted in both cryptocurrency and fiat currency (through Monobank), resulting in a friendly rivalry to see which currency will bring in the most donations. NFT for Ukraine is being Auctioned by the Kalush Orchestra Kalush Orchestra, the winners of the Eurovision Song Contest 2022, are auctioning off an NFT for charity. The auction began on May 25 and will end…

During a shareholder meeting, Mark Zuckerberg stated that the business expects to lose a considerable amount of money on the metaverse in the near future. In the interim, it will rely on Instagram Reels to boost income. According to CEO Mark Zuckerberg, who made a comment during a shareholder meeting, Meta’s metaverse move will result in a “substantial” loss in the short run. Zuckerberg stated that this will be profitable in the long run and that for the time being, the company’s income growth will come from its Instagram Reels. The metaverse strategy might result in losses for up to…

The idea stated that by destroying excess supplies, the burn may assist reestablish the UST dollar peg. According to the idea, the fire will assist “lower the Terra economy’s outstanding bad debt.” Apart from that, it’s projected to play a key role in restoring the UST dollar peg by removing a considerable amount of excess supply. The plan was submitted, with a seven-day deadline for completion. However, it was unable to be implemented due to a mismatch between the amount of UST in the community pool and the proposal. This is due to the implementation of another proposal, which resulted…

The next trendy NFT collection to take over Ethereum is a homage to the crypto market’s current status. It’s known as Goblintown. Goblintown NFTs are on the rise. The floor price for a goblin town momentarily surpassed 2 Ethereum today, following a free mint last week. The collection’s name is derived from the word “Goblintown,” which is commonly used to describe pessimistic crypto market conditions.CC0 is used by goblin town, as well as other collections such as CrypToadz and Nouns. https://twitter.com/krybharat/status/1529136954465476615 For the first time today, the floor price of a goblin town NFT surpassed 2 Ethereum. Goblintown, a collection…

The World Bank has stated that funding the planned Sango crypto centre will be “physically difficult” and expressed reservations about the country’s adoption of Bitcoin. The World Bank has expressed reservations about the Central African Republic’s (CAR) adoption of Bitcoin (BTC) as a legal tender and has stated that it will not support the recently announced “Sango” crypto hub. https://twitter.com/bitcoin_sen/status/1529096473681580037 President Faustin-Archange Touadéra of the Central African Republic established a regulatory framework for cryptocurrency in the country and made Bitcoin legal tender at the end of April. On May 24, he announced plans to open “Sango,” the country’s first crypto…

SHIBA Inu holders can now use meme coins to buy flights and accommodations. Shiba Inu continues to enhance its offerings, growing its reach and accepting SHIB as a form of payment. https://twitter.com/ShibaInuHodler/status/1529510215086919680 The decentralized ticket and hotel booking platform XcelTrip, which announced the introduction of SHIB as a payment method, is a new meme coin partner. As a result, SHIB enthusiasts and holders can now plan their own trips and pay for them entirely with the coin they adore. Users may now book 2.3 million hotels, 450 airlines, and car rentals in more than 70 countries using SHIB. https://twitter.com/ShytoshiKusama/status/1527350736819933207?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1527350736819933207%7Ctwgr%5E%7Ctwcon%5Es1_ With…

After the market collapsed, Guggenheim Chief Investment Officer Scott Minerd believes there is much more risk to crypto market. He believes the price of bitcoin will decrease to $8,000. Guggenheim Connects the Dots of Bitcoin and Cryptocurrency Scott Minard, a global chief investment officer of Guggenheim Partners, discussed his recent projections on bitcoin and the crypto sector. “We are watching crypto collapse the way it is,” Minerd stated, referring to the latest crypto market slump. I believe it has a greater risk.” He was asked how much greater risk there was. “When I look at bitcoin, which has outperformed everything…