Bitcoin price Google searches at lowest point for 2021. Is BTC still an inflation hedge?
The price of gold is rising with inflation. Then why is ‘digital gold’ Bitcoin’s price stagnant — and public interest in BTC falling to a new low?
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Hong Kong finance sector body prepares response to planned virtual asset rules
Hong Kong’s Financial Services Development Council — a cross-sector advisory body established by the government to engage the city’s financial services industry — is putting together industry feedback on the government’s legislative proposals related to virtual assets and virtual asset service providers. Fast facts In May, Hong Kong’s Financial Services and the Treasury Bureau released…
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Axie Infinity fans play their way to payday as game token prices soar
Play-to-earn game Axie Infinity has caught the blockchain community’s attention in the past few months as the price of its governance token has kept rising. Now it’s hit an all-time high, players are earning some serious money.
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Has the NFT bubble burst? The data says otherwise
Axie Infinity, Meebits and Bored Ape Yacht Club are some of those keeping the market for non-fungible tokens alive.
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Reserve Bank of Australia is exploring a CBDC — despite skepticism
The Reserve Bank of Australia is researching the implementation of a central bank digital currency — despite not seeing a need for it.
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Polkadot chain Phala Network’s Khala wins 4th Kusama parachain slot
Privacy-focused cloud computing project Phala Network’s “canary network” Khala this week won the fourth Kusama parachain slot auction with 132,280 Kusama (KSM) contributed by 2,759 addresses. A canary network is an experimental environment for blockchain developers to build and test out their code as well as products and services. Fast facts Phala Network is designed…
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Grayscale’s Bitcoin bounty. Circle’s SPAC listing controversy. NFTs for thieves.
Top blockchain and crypto news: Crypto markets await Bitcoin fund release. USDC issuer opts for the back door. In China, NFT copyrights and wrongs.
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New crypto mining firms in China now in scramble to leave
The9 and BIT Mining — non-crypto firms that pivoted to crypto mining during Bitcoin’s boom — now seek to ‘expand’ overseas.
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C.R.E.A.M. Finance’s Iron Bank and PleasrDAO execute $3.5M loan with NFTs as collateral
C.R.E.A.M. Finance’s Iron Bank today announced that it has facilitated a US$3.5 million loan with cypto art collective PleasrDAO using high-value non-fungible tokens as collateral, according to an announcement shared with Forkast.News. Fast facts Taipei-based C.R.E.A.M. Finance, part of the Yearn finance ecosystem, is a decentralized lending protocol for individuals, institutions and protocols to access…
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Singapore’s Temasek posts record returns, continues investing in blockchain and AI
Singapore state-owned investment firm Temasek has announced record returns of S$381 billion (US$283 billion) for the financial year ending March 2021, up 24.5% from the year before. Fast facts According to its latest annual review, Temasek is “increasingly shaping” its portfolio in line with four trends: digitization, sustainable living, future of consumption, and longer lifespans.…