Coins, wallets & tokens

MiCA Stablecoin Rules: Support from Nigeria’s Crypto Community

Members of Nigeria’s cryptocurrency community have expressed their strong support for Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules, viewing it as a significant step forward. They emphasize the importance of jurisdictions safeguarding their interests in relation to cryptocurrency projects in order to protect their local currencies. Obinna Uzoije, a data and policy analyst from…

Retail and world adoption

Bitcoin Mining Energy Costs: U.S. Miners Spend $2.7 Billion on Electricity in 2024

During the initial months of 2024, Bitcoin miners in the United States incurred a substantial expense of $2.7 billion solely on electricity. As per Paul Hoffman, an analyst at Best Brokers, the cumulative electric power utilized for Bitcoin mining in the U.S. amounted to 20,822.62 gigawatt hours (GWh) since the commencement of 2024. Energy consumption…

Retail and world adoption

South Korean Won Surpasses US Dollar in Cryptocurrency Trading Volume: Q1 2024 Report

According to a research report published on April 15, the South Korean won has emerged as the world’s most-traded fiat currency against cryptocurrencies in the first quarter of 2024. The report reveals that the won accounted for a whopping $456 billion worth of trading volume on centralized crypto exchanges, surpassing the trading volume of $455…

Retail and world adoption

Hong Kong Approves Bitcoin and Ether ETFs: A Game-Changer for Crypto Investors

The regulatory authorities in Hong Kong have recently approved the use of spot exchange-traded funds (ETFs) for the popular cryptocurrencies Bitcoin and Ether. This means that at least three local issuers have been granted regulatory approval to offer ETFs that track the price of these two digital assets. This is a significant development in the…

Retail and world adoption

Bitcoin ETFs Surpass $1 Billion Milestone with BlackRock’s IBIT Leading the Surge

On March 12th, the exchange-traded funds (ETFs) for Bitcoin in the United States reached a remarkable milestone. For the first time ever, these funds managed to attract more than $1 billion in net inflows, indicating an increasing demand for Bitcoin investments. Investors have been showing a keen interest in Bitcoin ETFs, with daily inflows reaching…

Retail and world adoption

UK Study: Navigating Intellectual Property Challenges in the Metaverse

A recent study conducted by researchers in the United Kingdom has investigated the effectiveness of current intellectual property (IP) laws and their ability to regulate new technologies like the metaverse. The study revealed various inadequacies in the current laws and presented recommendations to address these shortcomings. This research is significant as the metaverse continues to…