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    1. Business News
    2. Authors
    3. fe digital currency

    FE Digital Currency

    After Socios.com bought $100 million for a 25% share in the new digital and entertainment division of the Barcelona Football Club, Chiliz (CHZ) saw a 2.6% increase.
    Bitcoin and other cryptocurrencies might fall by 20%; hit new yearly lows

    Investors expected more interest rate increases as a result of the risk-off mindset brought on by rising inflation

    By FE Digital Currency
    August 23, 2022 10:08 IST
    The contract address balance is currently at 13,344,424 (more than $20 billion), according to data on Etherscan, which has led to an increase in interest in staking over the previous few weeks
    Ethereum Merge efforts are in full motion, as Teku, Geth provide updates

    In order to be ready for the expected Ethereum Merge on September 15, according to the document, all mainnet users…

    By FE Digital Currency
    August 23, 2022 09:14 IST
    Analysts predicted last week that a series of $55 million NFT liquidations may be forthcoming to recoup loans on BendDAO
    15 ETH left in the BendDAO contract to pay lenders

    Due to dropping NFT floor prices, mounting debt, and high interest rates, more NFTs that are set to default and…

    By FE Digital Currency
    August 22, 2022 19:43 IST
    As of May 2022, different stablecoin providers held $80 billion in short-term U.S. government debt collectively
    Stablecoin issuers possess more US debt than Berkshire Hathaway: report

    Treasury bills are financial instruments that are frequently utilised by businesses as a cash equivalent on company balance sheets since…

    By FE Digital Currency
    August 22, 2022 18:19 IST
    The Ministry partially agreed, stating that whether or not an airdrop qualifies as a gift for gift tax purposes will be decided "in the account of the transaction situation."
    South Korea may impose a “gift tax” of up to 50% on cryptocurrency airdrops

    According to other government officials, gift tax determinations should be made on a case-by-case basis.

    By FE Digital Currency
    August 22, 2022 17:16 IST
    Through community efforts, the Bitcoin network has shown signs of a developing financial system in the making
    Average transaction fee of Bitcoin falls under one dollar

    According to Cointelegraph, high transaction fees over blockchain networks function against the users, especially for conducting low-value transactions

    By FE Digital Currency
    August 22, 2022 15:56 IST
    Tyagi has a total of 12 years of experience with leading financial services organisations like Citibank, American Express, UAE Exchange, and TransUnion CIBIL.
    Payworld appoints Amit Tyagi as CEO

    Tyagi will be responsible for leading the organisation to leverage its pan-India distribution channel and wallet license to build an…

    By FE Digital Currency
    Updated: August 22, 2022 15:25 IST
    Futures credit provides opportunities for users to profit regardless of the price fluctuation of the asset
    Cryptocurrency based Coinstore.com unveils its futures credit feature for investors

    According to the exchange, its futures credit is a digital fund that loans rewards to its users to help understand…

    By FE Digital Currency
    August 22, 2022 14:57 IST
    GameStop NFT has produced almost $166,800 in sales volume during the last 24 hours, according to data from DappRadar.
    GameStop NFT daily fee revenue falls below $4K as markets go down

    The floors have fallen by 55% and 72%, respectively, from the BAYC and MAYC’s respective all-time floor price highs of…

    By FE Digital Currency
    August 22, 2022 13:37 IST
    Reportedly, users are tricked into exploring a phishing website through fake warnings of their cryptocurrency assets being at risk
    What are the different cryptocurrency scams on Twitter

    According to Cointelegraph, in a 19-part thread uploaded, Serpent emphasised how scammers aim inexperienced cryptocurrency users through the usage of…

    By FE Digital Currency
    August 22, 2022 13:18 IST
    The Albanese-led administration claims it wants to regulate the "largely unregulated" cryptocurrency industry
    Australia’s new administration breaks silence on crypto legislation stance

    The token mapping initiative, which is planned to be finished before the year is through, aims to “determine how crypto…

    By FE Digital Currency
    August 22, 2022 12:40 IST
    Reportedly, smart contract attacks on decentralised finance (DeFi) sectors went up, with a study revealing that around $1.6 billion in cryptocurrencies was stolen in Q1, 2022
    How can Web3.0 be protected against vulnerabilities

    According to Cointelegraph, while blockchain-backed Web3.0 applications are expected to be unbreakable against hackers, hackers aim for the vulnerabilities within…

    By FE Digital Currency
    August 22, 2022 12:12 IST
    Cointelegraph noted that around 6,631 BTC was distributed to a variety of centralised exchanges and decentralised protocols
    Bitcoin privacy tools used by Ronin hackers to transfer stolen funds

    According to Cointelegraph, activities concerning the hacker has been tracked by on-chain investigator BliteZero, who works for SlowMist

    By FE Digital Currency
    August 22, 2022 10:58 IST
    Changpeng Zhao, CEO, Binance, raised concerns on the term jitters, which refers to a phenomenon of an existing trade order getting postponed to ensure the completion of recent trades
    FTX witnessed growth by 1,000% within a year’s time: Report

    As reported by Cointelegraph, audited financial statements for FY2020-21 showed FTX growing from $90 million in 2020 to $1.2 billion…

    By FE Digital Currency
    August 22, 2022 10:02 IST
    General Bytes, through an official statement, has requested customers to prohibit from further usage of their General Bytes ATM servers until news of further updates to patch release 20220725.22 and 20220531.38, for users of 20220531
    General Bytes’ Bitcoin ATMs targetted by hackers through a zero-day attack

    According to Cointelegraph, total amount of stolen funds and compromised ATMs hasn’t been disclosed but the company recommended ATM operators…

    By FE Digital Currency
    August 22, 2022 09:05 IST
    A recent study by Entertainment Software Association said that nearly half of all players worldwide are female.
    Web3.0 games incorporate features to drive female participation

    GameFi industry anticipates is a major factor in the development of a number of Web3.0 games specifically targeted towards female…

    By FE Digital Currency
    August 21, 2022 18:05 IST
    sers of the eNaira can conduct transactions without paying a fee, which has a negative effect on commercial banks whose income comes from fees.
    Nigeria’s CBDC eNaira records $10 M in transaction

    Over 40% of Nigerians lack access to banking, therefore the central bank of Nigeria introduced the eNaira in October 2021…

    By FE Digital Currency
    August 21, 2022 17:44 IST
    El Salvador, which saw a +6% increase in tourism revenue over 2019 statistics, came in at number thirteen out of the fifteen countries included.
    El Salvador’s US Ambassador credits Bitcoin with reversal of social decline

    El Salvador is down about $56.4 million with an average buy price of $45,000, which gives detractors more reason to…

    By FE Digital Currency
    August 21, 2022 16:52 IST
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    Mukesh Ambani-led Reliance Industries has received a Rs 56.44 crore GST penalty from the Joint Commissioner of CGST, Ahmedabad, and plans to appeal the order.

    Mukesh Ambani-led Reliance Industries gets Rs 56.44 crore GST penalty, plans to challenge order

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