El Salvador’s bitcoin bond reportedly hasn’t lured a single investor, and markets are bracing for a default on conventional debt

El Salvador’s cryptocurrency bond is not attracting investors. In fact, according to Bloomberg , there hasn’t been one buyer for the crypto-backed offering. Nayib Buke, a millennial president, is seeking $1 Billion for the cryptobacked bond. However, he has been met with skepticism by credit agencies and International Monetary Fund. Bukele’s request to legalize bitcoin has […]

Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher

Mohamed El-Erian, an economist, spoke to CNBC Monday about the U.S. economy and markets. He also discussed the Federal Reserve’s response against inflation. El-Erian is president of Queens College, Cambridge University. El-Erian is also the Chief Economic Advisor at Allianz. Allianz is the corporate parent to PIMCO, which was where he served as CEO and cochief […]

Russia’s Sberbank Denies Involvement in Recently Launched ‘Sbercoin’

Sbercoin is a crypto-project. Finance has promised investors a fixed annual percentage yield of 383,025.80% on money they put in a token linked to Sberbank. Sberbank is Russia’s largest and most state-owned banking institution. “Sbercoin,” which was advertised as the “world’s first auto-staking and USDT rewards token”, was listed on Pancakeswap last week, but has since lost […]

Coinbase Now Allows Cardano Staking Services, Firm ‘Plans to Continue to Scale Staking Portfolio’

According to Rupmalini Sahu, the Coinbase executive, Cardano holders will now be able to leverage the cryptocurrency trading platform Coinbase in order to stake their ADA. According to Rupmalini Sahu, Coinbase’s senior product manager, staking on Coinbase is easy and secure. Sahu claims that the current staking annual yield (APY), on Coinbase, is 3.75%. Users can then get rewards after a […]

Report: Estonian Prime Minister Calls for Restriction of Cryptocurrencies

Kaja Kallas (Estonian prime minister) has stated to Antony Blinken, Secretary of State, that cryptocurrency must be “restricted” in order to prevent Russia from evading recently imposed sanctions. The comments of Prime Minister Kallas, published Reuters, were made one day after FinCEN requested that financial institutions be alert for Russian attempts at evading sanctions. These comments were made at […]

Farmville Creator Zynga to Launch NFT Games, Says Gaming Firm’s Blockchain Lead

On February 9, 2022 Zynga’s vice president for blockchain, Matt Wolf, informed the publication Axios of its plans to launch non-fungible token games (NFT). Mark Pincus and Eric Schiermeyer founded Zynga in 2007 with Justin Waldron, Justin Waldron. Michael Luxton, Steve Schoettler, Steve Schoettler and Andrew Trader. Zynga’s games gained popularity after Farmville was released on Facebook in […]

Bitcoin is Nearing a Death Cross! Should Investors Worry?

It was unimaginable that 2022 would be such a defining year for the cryptocurrency industry. The 2021 year was a record-breaking year for virtual assets, with record highs and massive growth. Investors expected that the market would recover even though the year ended in a downtrend. The cryptocurrency enthusiasts seem to be disappointed by 2022. After experiencing a severe slump […]

Power Deficit Forces Crypto Miners to Leave Kazakhstan

Since China launched its offensive on bitcoin miners in May, Kazakhstan has been a hotspot for crypto mining. This Central Asian country has a capped electricity rate and is a major supplier of fossil fuels. Its insufficient capacity and neglected infrastructure have not been able to keep up with the rising demand for electricity to power the energy-hungry coins […]

What Federal Reserve’s hawkish tilt means for Bitcoin

Bitcoin’s relief rally, after the US Federal Reserve’s hawkish tone in the face of the Omicron threat, seems to be slowing down. The largest cryptocurrency market cap fell over 3.5 percent and dropped to $47,000 Bitcoin had risen to $49,000 from $4,000 on Wednesday after the US central bank opened the door for raising interest rates earlier that expected. […]