Bitcoin News and Finance: What You Need to Know

The popularity of cryptocurrencies in economically embattled Turkey has continued to surge with the number of daily trades now surpassing one million, a report has said. This surge in trades has been attributed to the depreciating lira which plunged to a new low against the USD on December 20. Lira Plunges Cryptocurrency trades in inflation-stricken Turkey have surged to above one million per day for the first time since March, a Reuters report citing Chainalysis and Kaiko data has said. According to the report , the return to over a million trades per day has come at a time when Turkey’s fiat currency, the lira, has depreciated by almost 40% since September. Prior to the latest surge, cryptocurrency trades in Turkey had previously surpassed the one million per day mark after President Recep Tayyip Erdogan’s unexpected dismissal of the central bank governor on March 22. The dismissal of then-governor Naci Agbal sparked inflation fears among Turks and caused the lira to plunge by ...

On December 22, Twitter trends indicate that thousands of people on social media are talking about the World Economic Forum’s (WEF) “Great Reset” agenda, as Reuters and the BBC had run fact-checking posts on the subject. According to the reports, the Great Reset has been tied to various conspiracy theories and the initiative was launched in June 2020. BBC, Reuters Fact Checkers Claim Great Reset Initiative Has Been Hijacked by Conspiracy Theories Ever since the outbreak of Covid-19, an agenda called the Great Reset has been discussed far and wide across the globe. The subject has been tied to a number of theories that claim the global elite are planning to reset society and the economy to “build back better.” A Reuters fact check article says that the initiative was named the Great Reset in June 2020. In recent times, Reuters journalists claim that an image circulating on the internet inviting Dutch politicians to a Great Reset-themed forum in Davos “has been taken out of context....

Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The state-owned Chinese news agency Xinhua is preparing to issue a digital collection representing photographic news reports from 2021. The selection of 11 photos, each limited to 10,000 copies, will be released on Dec. 24. They will be issued free of charge via Xinhua’s news app, using non-fungible token ( NFT ) technology, the agency announced, quoted by Bloomberg and Reuters. The collection, which also features a photo commemorating the 100th anniversary of the Chinese Communist Party, will “imprint digital memories into the metaverse,” Xinhua noted. Euronews remarks that Beijing-controlled media has in the past described the virt...

Press Release: Beyondlife ․ club and Orange Comet have joined forces to launch a special NFT collection dedicated to the legendary Marvel comics founder Stan Lee. 22nd December 2021, Singapore — Chakra The Invincible is a unique NFT collection and tribute to legend Stan Lee, that will launch on his 99th Birthday, (December 28th) on chakra.beyondlife.club . The collection includes an exclusive category dedicated to Stan Lee’s prominence as an artist and narrating the story behind, creating Chakra The Invincible. Beyondlife.club and Guardianlink ․ io , have associated with Orange Comet and Graphics India to curate a one-of-a-kind superhero NFT collection that signifies Stan Lee’s existence in the creative domain. Chakra The Invincible NFT Collection Stan Lee’s Chakra The Invincible was the first international superhero visualised by the comic legend, created in collaboration with Sharad Devaraj. The Chakra The Invincible NFT collection includes categories that highlight the chara...

In advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The monetary authority also announced that the prototype of the platform for its own digital currency is already completed. Bank of Russia to Issue Report on Cryptocurrency Known for maintaining a hardline stance on the question of legalizing cryptocurrencies, the Central Bank of Russia (CBR) is now preparing a report that will provide its view on the matter in detail. The regulator intends to push for adopting rules to govern the circulation of digital assets through legislative changes, Deputy Chairman Vladimir Chistyukhin revealed in comments to Russian media. “I think that we will resolve the issue through amendments to the legislation. There will be a more precise definition of how cryptocurrencies can be traded,” Chistyukhin said speaking to reporters in the State Duma, the lower house of ...

GSC Game World and Ubisoft, two game development companies, are dealing with backlash about the inclusion of NFT elements in some of their games. While GSC Game World — developer of the popular Stalker gaming franchise — has abandoned its plans in this regard, Ubisoft is pushing forward and has announced a partnership with Aleph.im to store images from its NFT platform. GSC Game World and Ubisoft Take Different Approaches Two game developers that recently announced the introduction of NFT elements as part of their upcoming and existing games are dealing with negative backlash from the gaming public on this issue. However, each one of them is doing it differently. GSC Game World, creators of the Stalker gaming franchise, based in Ukraine, stated that they would stop all plans regarding including NFT elements in Stalker 2, an upcoming game. The company released a statement on Twitter, declaring: We hear you. Based on the feedback we’ve received, we’ve made a decision to cancel anyt...