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The UK financial watchdog FCA has cautioned on the dangers of buying crypto-assets hyped by celebrities like Kim Kardashian. The head of the UK's Financial Conduct Authority (FCA), Charles Randell, criticized Kim Kardashian for promoting an untested cryptocurrency on Instagram. He noted that Ms. Kardashian advertised the little-known cryptocurrency Ethereum max to more than 200 million Instagram followers. Ms. Kardashian did not reveal the amount she got for the advert. However, a 2019 court filing revealed she could earn up to £361,000 for a…

Britain’s Financial Conduct Authority (FCA) said that developing regulations for digital currencies requires efficient planning over time. The announcement comes after public consultation on regulating crypto-assets. Some celebrities also came into the limelight to promote questionable cryptocurrencies. Most receive vast sums of money to push new altcoins to their followers. It works because their fans trust them to promote legit products. However, most of these have turned out to be pure scams. The Need for Powers to Regulate Crypto In…

The TRON (TRX) DeFi ecosystem counts another milestone in terms of total value locked (TVL). Justin Sun, its founder, made an official announcement on Twitter that TRON’s TVL has surpassed $11 Billion.  In an open letter he wrote on September 4, he mentioned how proud he was of TRON. He also acknowledged the growth that the project has seen since its launch in 2018.  TRON Evidently Grows Recently, TRON has hit the $11 Billion mark because of the general positivity…

Switcheo Network has announced the launching of a non-fungible token (NFT) marketplace under Zilswap. A Zilliqa-based Decentralized finance ecosystem, Zilswap will host the accessible and inclusive NFT environment in collaboration with the Switcheo platform. The Switcheo platform is a second-layer interoperability network. Additionally, it is compatible with the Ethereum network because of the revolutionary powered cross-chain bridge by the network. This will allow minting, trading, and storage of non-fungible tokens (NFTs) on Zilliqa. Banking on NFT The craze around NFT has outgrown the Ethereum…

Crypto advocates Mike Novogratz and Charles Hoskinson believe that cryptocurrencies could have eased the financial crisis in Afghanistan. After the Taliban invasion, locals and foreigners attempted to exit the country only to find their accounts under Taliban control. The situation proved that safe banking control and central governments take away financial freedom. Novogratz, in a recent investor call, warned of a foreseen wealth confiscation. He offered Bitcoin as a solution considering its decentralized nature. Charles Hoskinson also called an end…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,295 trillion. Bitcoin is up by more than 3% as it trades again above $50k. Ethereum closes in on the $4,000 level with a 23% increase over the week. XRP is up by roughly 12% in comparison to last Sunday Solana, Dogecoin, and Polkadot end the week with significant value boosts. The DeFi sector…

Based on a recent survey metrics, 77% of Russian investors take bitcoin or cryptocurrency as a superior investment tool than gold. Only 9% believe that gold is a better investment option. There was also another 14% who stated that they believe that familiar national currencies are the best choice. For the longest time, people have considered gold the safest and most common form of investment when it comes to investments. However, cryptocurrency adoption is spreading like a bushfire. People are…

The Coinbase exchange looks forward to using the Polygon blockchain in its operations. The Ethereum layer two protocol is going to act as the exchange’s scaling solution. According to Coinbase, applying the Polygon blockchain also benefits Ethereum’s network. The merger can solve various issues on Ethereum, such as high fees. Polygon Partners with Coinbase Ethereum’s network continues to face scalability issues as it moves to a PoS ecosystem. Thus, such problems led to the development of a scaling solution known…

The TRON founder, Justin Sun, recently unveiled an open letter to the TRON community. The letter details the future of the TRON protocol. Also, the founder revealed more information on the upcoming BitTorrent Chain launch.  TRON Has Had Massive Growth TRON's Super Representative Committee launched the protocol in June 2018. It has since developed into a network that handles transfer volumes of over US$10 billion every day. The TRON Blockchain's total assets are at over $50 billion. TRON decentralized financial programs have…