Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users

Post Views: 257 China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn’s in-game cryptocurrency is reported to have briefly dropped by 38%. China mainland users of the NFT gaming app Stepn will not be able to access…

Sequel to Iconic RPG Ni No Kuni to Feature NFT Integration and Play-to-Earn Mechanics

Post Views: 234 The new installment of Ni No Kuni, an RPG franchise brought by independent gaming studio Level 5 and animated by Studio Ghibli, has launched with blockchain elements present. The game, which has been designed for mobile and PC platforms, introduces a token system that lets players use their earnings outside of the…

Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions

Post Views: 290 The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024, as originally planned. Sanctions imposed over Moscow’s invasion of Ukraine have…

Elon Musk: We’re Approaching a Recession but It’s ‘Actually a Good Thing’

Post Views: 197 Tesla CEO Elon Musk believes the U.S. economy is approaching a recession but he explained why it is “actually a good thing.” Musk has estimated that the upcoming recession will last 12 to 18 months. Tesla and Spacex CEO Elon Musk shared his thoughts on the U.S. economy and the upcoming recession…

India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch

Post Views: 211 India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “graded approach” to launching the country’s central bank digital currency (CBDC). The RBI also said it is exploring the pros and cons of introducing a digital rupee in India. “The design of CBDC needs to be in conformity…

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

Post Views: 214 Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed…

Biggest Movers: DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses

Post Views: 233 DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%. DOGE was one of the most notable movers in crypto markets on Saturday, coming…

Dvision Network Announces Binance Custody as Its Custodian With DVI Token Supported

Post Views: 217 What is there to know? Moreover, Dvision Network has established itself as an initiative that values security and transparency in token administration, having previously offered cold storage services using Coinbase Custody early last year. With the latest announcement concerning Binance Custody, the network looks to expand its global influence and continue to…

Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High

Post Views: 219 On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87…

Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend

Post Views: 227 Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the…