Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • A major change in GameStop Corp’s digital asset strategy is announced with the closing of its NFT marketplace. NFT market trading volumes have fallen more than 97% from their peak.
  • Two weeks after an exploit caused users’ accounts to be emptied of $1.2 million in money, Telcoin has restored all user balances.
  • According to a Russian economist, Alexander Razuvaev, as part of the introduction of the digital currency, Moscow will eventually compel the elderly to accept CBDC pension payments.
  • The crackdown by the Indian government on offshore cryptocurrency exchanges has resulted in legal issues for a few well-known brands. Binance has reassured its clients that their money is still safe and secure with the business in the aftermath of regulatory investigation.
  • The ‘Quantum Cats’ Collection will be sold by Taproot Wizards, a Bitcoin  Ordinals project that raised $7.5 million. The “NFTs on Bitcoin” project has profited from the controversy surrounding the Ordinals protocol, which has increased interest in the original blockchain.
  • CoinShares exercised its option to purchase Valkyrie Funds once the SEC approved spot ETFs. CoinShares’ $4.5B in AUM will increase by $110M as a result of the transaction. It also enables the asset manager with headquarters in Europe to grow into the US.
  • As part of its compliance-focused worldwide drive, Coinbase has teamed up with regional stablecoin exchange Yellow Card to extend its services throughout Africa.
  • The curated collection of Bitcoin Ordinals at the art auction company is now up for bids. There are 19 pieces in the collection, including rare satoshis and pieces by early adopter of Bitcoin , Shroomtoshi.
  • The Volan update for the Injective blockchain, which runs on Cosmos, has been released. With this update, users will be able to utilize software that emphasises real-world assets and have better connections with other Cosmos chains.
  • Future layer 1 blockchain Berachain will test its “proof of liquidity” consensus process, which attracted $42M in investment last year.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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