Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users

China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn’s in-game cryptocurrency is reported to have briefly dropped by 38%. Stepn Adheres to Local Regulations China mainland users of the NFT gaming app Stepn will not be able […]

Terra 2.0 Launches With LUNA Airdrop

Pursuant to Terra founder Do Kwon’s revival plan, the next generation of the Terra blockchain launched on Friday. Luna 2.0, a fork of the original Luna blockchain will begin minting its new Luna coin, beginning with aidrops already made through its partners Bitfinex, Binance, LBank, KuCoin, Bybit, FTX, OKX, and Bitrue. The new Luna is […]

Paraguay Moves Closer to Crypto Regulation, Central Bank Remains Skeptical

Paraguay’s Chamber of Deputies has voted to pass the crypto regulation bill with some modifications, despite the central bank’s reservations. Last July, the bill was first introduced by members of the Senate to regulate commercial activities related to virtual assets in Paraguay. It also covers the licensing and regulation of crypto mining activities in the […]

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more […]

Binance Returns to Italy With Regulator Approval – Now What?

Binance returns to Italy after receiving regulatory approval for a local entity from Italian authorities, on Friday. Last July, Italy banned Binance from offering services to users in the country, stating that the exchange was “not authorized to provide investment services and activities,” while also prohibiting the exchange from making its website available to people […]

Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50%

While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a lot […]