Press Releases

A survey of the super-rich of South Korea revealed that only a small percentage invests in crypto. However, new data from the United States suggests otherwise. But we must understand the difference in demographics of both surveys. While the South Korean survey dealt solely with the wealthiest section of the population, the new survey of CivicScience accounted for young investors in the United States. The sample size of the CivicScience survey was also drastically bigger, reaching up to 40,600 respondents. CivicScience's…

China's ban on all cryptocurrencies is perhaps is the single biggest setback for cryptocurrencies in the world. As a consequence of the nationwide ban, many Chinese crypto startups and firms have relocated to other countries. Huobi Global is among the last few Chinese cryptocurrency firms to leave the country. In an official statement in a Chinese media outlet called CGTN, Huobi Global said that they will stop serving customers in mainland China starting 14th December 2021. However, Huobi added that customers will have the…

In the United States particularly, cryptocurrency has become a left vs right political issue. However, right-wing extremists seem to have taken it to the next level, with some prominent figures declaring Bitcoin as the currency of the alt-right. Analytics firm Elliptic has found that cryptocurrency use among far-right extremists has grown tremendously, and these same groups have been the most vocal for a censorship-free crypto ecosystem. If the trend continues, the worst hit will be regular investors who do not associate…

UK's apex financial regulatory body FCA has declared that crypto investors will not fall under compensation schemes if they lose invested amounts due to frauds or scams. CEO of FCA Nikhil Rathi issued a statement about the same where he said that cryptocurrency investors need to account for the risk before investing. If something goes wrong, as had happened many times in the past, the government or FCA will be in no way liable for compensations. Considering the unregulated nature of cryptocurrencies, it does not come as a…

Decentralized Finance, or Defi, has been a powerful force in the world for the last few years. While there can be multiple definitions of the term, it is widely agreed that decentralized finance stands in opposition to centralized finance. Some experts, however, disagree with this argument. Andre Cronje is best known for creating the yield aggregator Yearn Finance (YFI). Being a veteran software developer himself, he has seen the ins and outs of Defi from very close. Recently he took to Twitter to express his opinion on the…

The recent rebranding of Facebook into Meta is not just a marketing gimmick. It hits at much deeper issues, and those issues will dominate the tech world over the next few years. Facebook (now Meta) is not the only company to do so, nor is it the last. Rebranding as a marketing strategy has existed for a long time. However, in the case of Facebook, the rebranding efforts go much beyond marketing and promotion. By renaming itself to Meta, Facebook is trying to separate its area of operations. The company did the same thing…

According to online sources, the famous video game company Ubisoft is reportedly going to launch a new system to bring non-fungible tokens (NFTs) as in-game components. These NFTs will be called Digits and they will be offered as digital items inside the games. They will feature one-of-a-kind serial numbers and the players would be able to buy and sell them on the blockchain platform. It has been found that the first batch of the ‘Digits’ will be launched as limited edition items. This launch would take place on 9 December…

SINGAPORE, Dec 9, 2021 - (ACN Newswire) - Today, Moonstake is happy to announce that we support Cardano non-fungible tokens (NFTs). Starting today, users can hold, send, receive, and track their Cardano NFTs on Moonstake web and mobile wallets with the best user experience. With this new addition, Moonstake now supports NFTs of Ethereum's market-leading ERC-721 standard as well as the popular Cardano NFTs. Moonstake started the staking business last year with the aim to create the largest staking network in Asia. Since…

HONG KONG, Nov 28, 2021 - (ACN Newswire) - Blockpass is proud to announce its latest partnership with FireStarter, the launchpad for Initial Metaverse Offerings. To ensure projects that it incubates and launches are secure and compliant, FireStarter will be using Blockpass' proprietary KYC solution, including the enhanced 'Managed Service' option to ensure its clients enjoy the benefits of extra reviews and a dedicated team focused on their processes. San Francisco-based FireStarter is the first Initial Metaverse Offering…

First crypto risk management platform for institutions, utilizes Cloverly, a sustainability-as-a-service platform, to help the crypto industry offset its environmental footprint. Tel Aviv, Israel and Atlanta GA, USA, Nov 25, 2021 - (ACN Newswire) - Diversifi, the first tech-driven crypto risk management platform for institutions, and Cloverly, a sustainability-as-a-service platform, cooperate on helping the crypto industry offset its environmental footprint. Diversifi automatically offsets the carbon footprint of crypto…