Market
NFTs
Axie Infinity price struggles as $189M worth of tokens are set to be unlocked
After the tokens are unlocked, early investors may look to realize their profits, putting more pressure on the already struggling AXS.
Featured
CryptoSlate Daily wMarket Update – Oct. 6: Market turns red as BTC dips below $20,000
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Featured
CryptoSlate Daily wMarket Update – Oct. 5: Bulls struggle to keep BTC above $20,000
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Featured
CryptoSlate Daily wMarket Update – Oct. 4: XRP, Dogecoin lead rally as Bitcoin reclaims $20,000
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Featured
CryptoSlate Daily wMarket Update – Oct. 3: Ethereum, Solana lead top 10 crypto gains as market turns green
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Adoption
Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis
Sub-saharan Africa has the lowest crypto transfer volume but it has the highest number of small retail payments and use of P2P exchanges.
Regulation
Japan to tighten laws to prevent money laundering via crypto by May 2023
The government is looking to amend three laws simultaneously, one of which would help track where and when criminals send crypto.
Regulation
DeFi needs to be regulated ‘carefully and thoughtfully,’ says Fed chair Jerome Powell
Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.
Mining
Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021
Renewable energy sources in BTC mining fell to 28.48% in 2021 from over 40% in 2020, causing greenhouse gas emissions to increase by 63%.
CBDCs
Australian central bank issues whitepaper for pilot of permissioned CBDC, eAUD
The eAUD will be available on a private, permissioned instance of the Ethereum blockchain for testing retail and wholesale use cases.
Banking
IRS secures court approval to probe records of M.Y. Safra Bank, SFOX users over failure to report taxes
The IRS has found that tax reporting and compliance is significantly low when it comes to digital asset transactions.
Taxes
Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
In 2020, North Korea implemented a system where authorities started seizing assets of delinquents and selling them if taxes remained unpaid.