This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Ubisoft’s NFT Collection will be introduced to Layer 2 Arbitrum
The Ubisoft NFT collection comprises 10,000 NFTs that are generated by the most recent Web3 game developed by the developers on the Ethereum scaling network, Arbitrum. In the upcoming weeks, the Magic Eden marketplace will enable minting, and an increasing number of users are securing allowlist places through beta testing and Discord challenges…[continue reading]
2) Japan’s new minister suggests crypto tax change to support blockchain development
The government’s approach to digital assets has undergone a substantial transformation with the appointment of Japan’s Digital Transformation Minister, who has suggested the possibility of reforming the country’s crypto tax policies…[continue reading]
3) U.S. and SEC support a class-action lawsuit against Nvidia in the Supreme Court
The United States Justice Department and the Securities and Exchange Commission informed the Supreme Court that an Nvidia investor class-action lawsuit, which alleges that the tech company misrepresented its sales to crypto miners, should be greenlit…[continue reading]
4) Russia’s Central Bank says that the digital ruble will not cause inflation
The Bank of Russia tried to address some apprehensions regarding the impact of the digital ruble. In order to alleviate widespread apprehensions, the Bank of Russia has issued numerous statements concerning the digital ruble…[continue reading]
5) UK city minister promotes blockchain gilts despite government concerns
City Minister Tulip Siddiq advocates for blockchain-based bonds as a means of modernizing financial markets, despite opposition from the UK’s Debt Management Office. Tulip Siddiq, the City Minister of the United Kingdom, has proposed the implementation of blockchain-based gilt, a type of government bond that is issued using blockchain technology…[continue reading]
6) JPMorgan says that the profitability of mining Bitcoin hit a new record low in September
Reginald L. Smith and Charles Pearce, two analysts, noted that the daily block reward gross profit fell 6% from the previous month, which was the lowest point in any “recent record.” Despite a little increase in Bitcoin’s average price, miners have seen their income and earnings decline for three months in a row…[continue reading]
7) Uniswap Fee Increase Earned $53 Million Despite Legal Issues
According to DefiLlama data, Uniswap, a prominent decentralized exchange (DEX), generated $52.75 million in fee revenue from April 1 to Sept. 30, 2024. This substantial increase is a direct result of Uniswap Labs’ decision to increase its user-interface swap fee in April, a decision that considerably increased earnings…[continue reading]
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