Market

The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department…
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JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks.The actions reflect Chairman and CEO Jamie Dimon's increasingly cautious stance. "The…
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The cryptocurrency market is yet to kick the ground running this week and could end the week trading in the negative zone. The cryptocurrency market has been underperforming since the start of the week. Over the last 24 hours, the…
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A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the…
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Ethereum co-founder Vitalik Buterin lashed out at PoW proponents claiming Ethereum is proof-of-stake because of voters changing the protocol. Buterin challenged a claim by Bitcoiner Nick Payton on Twitter that changes to the Ethereum…
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Opportunity cost refers to the value you lose out on when you choose one opportunity over another. It could apply to every facet of your life, from the income opportunities you lose out on by choosing one job over another to the way you…
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Animoca has doubled its valuation after raising $75 million in a funding round that began back in Jan. The firm says it will use the funds to continue its plan of aggressive expansion. Animoca, a leading investor in the metaverse,…
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Crypto miners in Texas shut down their operations ahead of a heat wave many anticipate will test the limits of the state’s power infrastructure.  The request to shut down came from the nonprofit Electric Reliability Council of Texas as…
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Cronos, a layer-1 blockchain built on Cosmos SDK, has announced a partnership with Covalent. The partnership comes as a relief for developers who are willing to venture into the Web3 innovations. The partnership aims at simplifying…
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