El Salvador | Witnessing a New Age of Economic System with Cryptocurrency

San Salvador, El Salvador, September 3, 2021,  The bill passed by the El Salvador government in June of 2021 comes into effect from September, and the entire nation is now preparing for a new form of the exchange system, which is added with Bitcoin. The people in El Salvador can now use Bitcoin like their local currency, and the same will be accepted by the banks, businesses, and other financial institutions. It’s a welcome move aimed at enhancing financial inclusion and exposing the mobile-first population of the country to a…

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Singapore, South Africa Latest Countries to Warn Against Crypto Exchange Binance

The list of regulators warning that Binance is illegally operating in their jurisdictions continues to grow. The authorities in Singapore and South Africa have become the latest to warn that the global cryptocurrency exchange may be in breach of their local laws. South Africa’s Financial Sector Conduct Authority Warns Against Binance The South African financial regulator issued a notice Friday about Binance, stating: The Financial Sector Conduct Authority (FSCA) warns the public to be cautious and vigilant when dealing with Binance Group as they are not authorised to give any…

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Blockchain project joins AI cloud computing market competition, breaks giant monopoly

AI has become the key word in the future of technology. Computing power has been described as the “engine” that underpins the development of AI, with the most advanced AI models doubling in computational volume every three to four months, according to AI research organisation OpenAI. How do we meet AI’s ever-expanding computing needs? What is the trend of AI computing power development? At present, the world’s largest AI and Cloud service provider Amazon Web Services (AWS), Google Cloud AI Platform and other giants are involved. Countries in North America,…

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Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi

Timing the market is near impossible, but these five metrics can help traders identify when a sector rotation is underway. An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway.  This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that the nonfungible token (NFT) sector has been on fire since July, and as CryptoPunks, Mutant…

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