cryptocurrencies

Crypto may be on the downfall right now, but experts are still warning against its lobbying influence. Photo: Kin Cheung (AP)A group of technology experts is trying to warn the government of the dangers of the crypto industry. In a letter to U.S. policy makers, 26 computer scientists and engineers called on lawmakers to block efforts to create a ‘regulatory safe haven’ for cryptocurrency. They want leaders in Washington to instead focus on what they’re calling ‘responsible fintech policy.’“The claims that the blockchain…

Lawsuits over cryptocurrency losses are mounting across the country, as investing in digital tokens and coins has become mainstream and the money at stake has increased significantly.Even before the recent plunge in crypto prices, the industry already was seeing an uptick in lawsuits, which have come in several forms. Many of the cases have been fueled by investors who allege some digital coins were hyped and sold under false pretenses. Some proposed class-action suits allege pump-and-dump schemes involving celebrity…

Parody Coin (PARO) is one of the best upcoming meme coins to watch in 2022 and beyond. The cryptocurrency market has been experiencing a slump in prices. It’s been a rough ride as the global economy takes a downturn. Digital assets are in the red but this is also a good opportunity to buy the best value cryptocurrencies at a low cost. These are the cryptocurrencies that will provide great returns in the next bullish crypto cycle. However, the continued selling pressure is also a good buying opportunity for…

Illustration: JLStock (Shutterstock)Luna 2.0, a Frankenstein cryptocurrency resurrected after its predecessor crashed to near-worthlessness, is already looking pretty haggard out of the starting gate. And like Mary Shelley’s monster, there are signs of more misfortune in the near future.Luna 2.0, which launched Saturday to replace the old Luna and Terra cryptocurrency ecosystem (now rebranded as Luna and Terra “Classic”), started at a high of $19.53but then sank to a low of just over $4 over the next few hours, according…

A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double its head count this year as it predicts rising demand for cryptocurrency amid market volatility. Fidelity Digital Asset Services LLC plans to hire 110 tech workers, including engineers and developers with blockchain expertise, to build digital infrastructure to support services for cryptocurrencies beyond bitcoin, said Tom Jessop,…

We all hate ’em, but have to pay ’em, nonetheless. Taxes. That’s it, the dreaded word that sends the shivers down the spines of the uninitiated and the poor of this world. And for those futurists who see cryptocurrencies as the ‘cash’ system of tomorrow, fingers are pointing at you, too! Fear Factor One of the most worrying things people contemplating about investing in cryptocurrencies is in regard to taxes. I know, I know, one could say that’s the same with any investment, but the thing with cryptocurrencies — more so…

Play-to-earn crypto games are defined as games that allow players to enjoy them in terms of gameplay Play-to-earn crypto games make use of blockchain technology and give players the opportunity to generate crypto rewards for their skill and effort. The cryptocurrency gaming industry is worth billions of dollars due to blockchain technology enabling genuine, real-world trading of non-fungible tokens (NFTs). Play-to-earn games are defined as games that allow players to enjoy them in terms of gameplay, such as…

The team has stated in the whitepaper that FIREPIN Token (FRPN) is a decentralised autonomous organisation. FIREPIN Token (FRPN) FIREPIN Token (FPRN) is a community-orientated project that will allow users to utilise features such as DeFi, NFTs and the metaverse space. The team is working on a Metaverse empire that will assist in providing a unique experience using virtual reality. The team has stated in the whitepaper that FIREPIN Token (FRPN) is a decentralised autonomous organisation (DAO), due to the fact…

WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of privately-issued digital assets such as stablecoins, Federal Reserve Vice Chairwoman Lael Brainard told House lawmakers Thursday.Ms. Brainard told the House Financial Services Committee that in the future a central bank digital currency could coexist with and be complementary to stablecoins by providing a widely available, government-backed means of payment. “It…

WASHINGTON—A U.S. central bank digital currency could one day coexist with and even complement so-called stablecoins, Federal Reserve Vice Chairwoman Lael Brainard plans to tell House lawmakers Thursday.“In some future circumstances, CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Ms. Brainard is expected to tell…