China Halts Gold Buying in May, Ending 18-Month Buying Spree

China Halts Gold Buying in May, Ending 18-Month Buying SpreeThe People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold […]

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Social Commerce on Cardano: Meloot to Hold a Seed Sale on KICK․IO

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PRESS RELEASE. The world of e-commerce is rapidly transitioning to that of social commerce, where demand for products is driven by videos and posts from social media. Both brands and their consumers can benefit from advertising products through social media, with stronger sales and valuable insights into product use cases, which further encourage online shopping. Video commerce already accounts for 10% of Chinese e-commerce – a trend that is already making its way to the West. That’s why we are thrilled to be hosting the seed sale of Meloot ($LADA) on the KICK.IO launchpad . Meloot is the first decentralized e-commerce platform on the Cardano blockchain, powered by its native utility token $LADA. You can think of Meloot as Amazon driven by TikTok, where e-commerce capabilities are utilised in synergy with video-based shopping, and Meloot algorithm connects people to the brands they like through an interactive medium. Meloot offers a platform for the sale and purchase of physical...
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TA: Bitcoin Lacks Momentum Above $38.5K, But Dips Likely To Be Limited

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Ukraine Crypto Donations: Government Now Accepts Over 70 Crypto Assets

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Ethereum At $3028, Where Is The Next Critical Support Level For ETH?

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48% of Ethereum Blocks Face Censorship From OFAC-Compliant Flashbots

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Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules

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Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s military escalation in Ukraine. Major Crypto Platforms Conform to EU Measures, Restrict Services for Russian Users Over Ukraine War About a week after the European Union introduced another set of measures aimed at hurting Russia’s economy and finances, including its access to the crypto market, a number of service providers in the industry have taken steps to comply with the new requirements. In April, the bloc banned only high-value services, those for digital assets exceeding €10,000 in value ($11,000 at the time). Last Thursday, Brussels prohibited the provision of all crypto-related services to Russian residents and entities, regardless of the amount. Localbitcoins, the peer-to-peer excha...
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Conflicting Opinions on Future of US Economy, Bitcoin Added to Guinness World Records, and More — Week in Review

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