Brazilian National Congress is considering a proposed law which is on the subject of crypto and intends to collect revenues in the form of “taxes” against crypto transactions, however, the law has become a hot debate because it provides for a certain timeframe within which the legislation will automatically start imposing taxes upon crypto, subject…
The London Hard Fork deployed on the 5th of August has just been a bit over three weeks. According to the Finance Developer of the Yearn Network, the network has seen a swift adoption in a short time. In a tweet posted on August 27, the finance developer mentioned that the SegWit upgrade by Bitcoin…
For the Eastern Europe region, crypto scammers do not have to do much, as they are easily targeted and fell into the trap quite easily. This is so true because Chainalysis report suggests that Eastern Europe tops in sending crypto funds to malicious addresses out of the region which mostly belongs to the scammers. The…
A survey commissioned in the US crypto market has been concluded and issues findings that approximately 50% of the American consumers have actually invested money into the virtual assets. Most of the persons reviewed also suggested that they invested much of their funds at the beginning of the year 2021 i.e. Q1. Market surveys are…
The altcoin market has witnessed price swings as the alts hold on Ethereum and Bitcoin’s coattails. COSMOS lost 2.4% to hover slightly beneath the weekly high near $25.54. Meanwhile, Solana saw its lucrative actions taking it to another ATH after climbing by 7.7%. Ethereum Classic battles to return to its multi-week highs near $75.04, surging…
FTX crystal exchange, run by Michael Fried and Sam Bankman, is anticipated to offer spot trading for a large number of new digital currencies in the next months, including Cardano ADA, Polkadot’s DOT, and Avalanche’s AVAX, among many others. To attract more retail investors and expand its client base, the platform is taking this step….
Despite the increasing popularity of cryptocurrencies, it has yet to shake off its reputation as a racket. One of the examples of these companies still hesitant to work with crypto is the NFL. With the incredible popularity of the NFL and the rise of NFTs, they have yet to allow them. Teams were informed by…
Russian are famous for doing everything excessively and to a level where others may be annoyed. But this is how they act normally and they like to be as they are. This sense of doing everything “excessively” can be witnessed in the adoption of virtual assets amongst the Russians as they recently concluded survey reveals…
The founder of Tron, Mr. Justin Sun too could not resist the overwhelming trend of NFTs and ended up being attracted towards an NFT of his liking i.e. Cryptopunks famous figurine of “Joker” which according to him resembles Marvel’s notorious villain character “Joker” – Batman’s worst enemy. The trend of Non-Fungible Tokens (NFTs) is overwhelmingly…
Bill Gurley describes he is persuaded by the authenticity of Ethereum which convinced him to give preference to ETH coins over Bitcoins in acquiring ETH coins for his personal portfolio. He acknowledges that he was convinced after looking at the arguments presented by the Ethereum community regarding the world’s 2nd top crypto coin. Bill Gurley…
The United Kingdom-based privately owned digital currency trading platform and equity organization authority have pumped in around $210m to fund the North American BTC miner. North American BTC infrastructure company Blockstream, co-created by cypherpunk and cryptographer Adam. Adam maintains a positive unicorn rank as its newly released worth comes close to $3.2b. As per North…
South African Reserve Bank (SARB) continues to stick to its long-prevailing crypto perspective as the bank’s Governor has reiterated that SARB does not consider Bitcoin or any of its kind as “currency”. At best cryptocurrencies can be treated as “crypto-assets” and there is nothing less or above that, said Governor Lesetja Kganyago. He opines that…
Just recently, Paxos made an announcement about changing the name of their stablecoin from PAX to USDP. According to strategies lead at Paxos, Mr. Walter Hessert, the reason why this sudden brand change happened, it’s because Paxos wants to make things a bit clearer that their stablecoin is supported by US Dollar, so changing it…
International Monetary Fund (IMF) is of the view that virtual currencies like that of Bitcoin and others pose potential risk and dangers because they are issued by not the central banks but private individuals and networks. IMF also denies that Bitcoin can be an alternate to a “national currency” instead it suggests that those who…
Cardano founder Charles Hoskinson appears to enjoy the progress that Solana (SOL) has had. He congratulated them for their prosperity. Also, he wanted to understand the project’s details, asking where to find the necessary info. Solana was the first alternative asset to set a new record high after the May crash. Moreover, the coin posted…
Along with growing their digital collections, large businesses acquire popular non-fungible tokens as they gain popularity. Without a question, the non-fungible token (NFT) sector is one of the most popular elements of cryptocurrency and blockchain technology. Indeed, NFTs are typically the subject of heated debates both within and beyond the organization. This explains the growing…
A District Court in the US brought down wrath upon Arisebank’s CEO by awarding him five years of sentence along with a fine of US$ 4,258,073 because he was found guilty of crypto fraud. He accepted his guilt before the Court by admitting that he had defrauded crypto investors and used their funds for his…
While the Securities & Exchange Commission (SEC) of Thailand wants to amend certain laws for ensuring “investors’ protection”, there is a chance that during the process, crypto custodians would witness a ban debarring them to further sublet the investors’ assets for monetary gains. SEC, for this very purpose, has engaged with the public in a…
Briefly – REV traded at another ATH at $0.023 SOL and SAND attained their new ATHs on 30 August. XTZ faces resistance near $6. Let’s analyze the altcoin shakers and movers over the previous week. Will the tokens sustain their momentum? Revain (REV) REV has seen price upticks since 20 July, when the token traded…
A new Chief Executive Officer for Binance Singapore has been engaged by Binance Global who was once associated with the national regulator. The background for appointing an ex-official of the regulator has been revealed by Binance Global to make sure that the crypto firm leaves no stones unturned when it comes to ensuring compliance with…
