Key Takeaways Elon Musk shares thoughts on rising inflation. The billionaire advises investors to hold physical commodities and value stocks. As inflation rate rockets to 7.9%, Bitcoin proponents remain bullish. Rising inflation, while causing turbulence in markets, is only solidifying the resolve of some crypto holders. Elon Musk, the CEO of Tesla and SpaceX, has stated that despite rising inflation […]

A former Canadian government employee has been extradited to the United States to face wire fraud charges and conspiracy to commit computer fraud in connection with his role in the notorious ransomware gang NetWalker. As per a Department of Justice (DoJ) statement, Sebastien Vachon-Desjardins conspired to damage a protected computer to transmit a ransom demand intentionally. U.S. authorities have been […]

A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC). Deloitte’s analysis, titled State-Sponsored Cryptocurrency, pointed out the need for a complete redesign of the traditional fiat ecosystem to overcome impending issues of being […]

Barely three weeks since the former CEO and CFO of Bitcoin Mercantile Exchange (BitMEX) pleaded guilty to willfully and knowingly flouting U.S. regulations, a third executive of the cryptocurrency exchange has entered a similar plea. Samuel Reed admitted to violating the Bank Secrecy Act and faces five years behind bars for his crime. Arthur Hayes and Benjamin Delo, the former […]

As the current human civilization, we are still far from realizing our sci-fi fantasy of having our reality translated into a virtual computer program accessible through technology with the capabilities to do that. Technology such as the VirtualReality headset from SonyPlayStation, Social media, Virtual influencers, and Metaverse are signs of progress towards our fantasy of having access to virtual reality […]

Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation. Japan to fine crypto exchanges for violating sanctions Japan became the latest country in Asia to call cryptocurrency firms to comply with sanctions against Russia, requesting on […]

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin climbed overnight to $39,000, as the crypto market remains in a state of indecision. There are bullish and bearish catalysts on the horizon, but in the short term risks are dominant in my opinion. On the positive side, Terra founder Do Kwon says the Luna Foundation Guard is planning […]

Within 24 hours of its launch on digital collectibles marketplace Veve, crypto enthusiasts purchased all 54,995 pieces of the Disney Pixar Pals nonfungible tokens, or NFTs, collection. The drop consisted of iconic characters and moments created by Pixar Animation Studios, including Sheriff Woody, Mike Wazowski, Lightning McQueen, The House from Up and Edna Mode. Users purchased their NFTs from a blind […]

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) on Monday has voted against the de-facto proof-of-work ban: 32 against, 24 in favor. As ZyCrypto reported yesterday, a provision looking to force proof-of-work (PoW) cryptocurrencies like Bitcoin and Ethereum to switch to the more environmentally friendly proof-of-stake (PoS) consensus mechanism was in a draft of Markets in Crypto Assets […]