WeChat, the most popular social media platform in China, has banned several accounts belonging to non-fungible token (NFT) marketplaces. The company stated that cryptocurrency speculation on the platf...
Tag: Accounts
WeChat Bans Multiple Accounts Associated With NFTs Trading
Tencent Holdings’ WeChat has suspended various accounts that promote digital collectibles, a term that is commonly used in China to refer to non-fungible tokens (NFTs) that cannot be purchased or trad...
WeChat Bans ‘A Large Number’ of Accounts Promoting NFTs
WeChat, a Chinese messenger app owned by Tencent and with 1.2 billion active users, has reportedly banned a large number of accounts that widely promoted non-fungible tokens (NFTs). In addition, accor...
Chinese WeChat Giant Bans Numerous NFT Accounts, Here’s Why
Yuri Molchan Popular Chinese chat app has blocked large amounts of accounts related to NFTs Contents Tencent’s ban targets NFT speculation Official accounts with primary transactions Chinese mes...
The US IRS believes adding BTC, ETH and other cryptos to help monitor offshore accounts –
Bitcoin and Ethereum ought to be added to the Internal Revenue Service’s (IRS) rules Another proposition distributed by the U.S. Depository proposes that digital currencies be used more often Offshore...
Breaking: WeChat Blocks NFT Accounts
Tencent’s WeChat which has over 1.2 billion users began to block NFT accounts in large numbers. As per reports, this move has come in accordance with the Chinese government’s regulations. WeChat made ...
When will interest rates on savings accounts finally go up?
U.S. consumers have begun to feel reverberations from the Federal Reserve’s interest rate hike earlier this month in some areas of their lives, but not in others. Unfortunately for those consumers, it...
Bill extending 401(k) withdrawals and boosting auto-enrollment in retirement accounts passes House
Americans may have more help in the fight to save for retirement after the U.S. House on Tuesday overwhelmingly passed a bill that aims to bolster workplace plan options. The House passed the Securing...
Treasury wants more reporting to the IRS on offshore crypto accounts
advertisement The US Treasury is working to get the IRS more information on offshore cryptocurrency holdings. On March 28, the US Treasury released its “Green Book,” its annual breakdown o...
U.S. Treasury wants to include crypto in foreign accounts reporting rules
A new proposal published by the U.S. Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshor...
UniCredit Fined $144 Million for Illegally Closing Crypto Mining Firm’s Accounts
Italian banking giant UniCredit has been asked to pay a fine of about $144 million for allegedly closing accounts belonging to a cryptocurrency mining company. UniCredit in Hot Water A district court ...
What made Bitcoin holders break the record; 40 mn accounts holding BTC?
Lately, the number of accounts holding the flagship cryptocurrency was facing drops but now seen a spike that broke records Recent data provided by the crypto market offering indicator platform IntoTh...
How to avoid a 6-figure tax penalty on foreign bank accounts
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penaltie...
When will savings account rates rise, and where are the best savings accounts?
The average savings account pays a paltry 0.06%, according to Bankrate. But some online savings accounts are already paying relatively high rates. Getty Images/iStockphoto Though the Federal Reserve’s...
The Worst Way to Withdraw From Your Retirement Accounts
When it comes time to start taking your retirement income, you’ll hopefully have an array of options available to you: Social Security benefits, 401(k) and IRA funds, dividends from stock invest...
Binance Commits To Ontario Shutdown, Will Block New Accounts
Binance, the world’s largest crypto exchange, said it will stop opening new accounts in Ontario, as part of a commitment to the Ontario Securities Commission (OSC) to cease operations in Canada’s most...
Yes, Roths Are Tax-Free Retirement Accounts. But TFRAs Refer to Something Else.
Dreamstime.com Text size Have a question about saving for retirement or your personal financial situation? Whatever the question, Barron’s Retirement can try to help. Email [email protected], and...
Binance sued by Colombian users for frozen accounts
Binance users based in Colombia have filed charges against the exchange giant for blocking their accounts for five months. These users are taking Binance to court after lamenting severally on social m...
Binance Stops Opening New Accounts for Ontario Users (Report)
The world’s largest cryptocurrency exchange – Binance – has reportedly forbidden users in Ontario, Canada, to open new accounts on the platform. The tension between the company and the local financial...
What the Fed Rate Increase Means for Savings Accounts
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Bitcoin’s global carbon footprint accounts for 0.19%, is green energy the solution?
According to a study run by Bankless Times, the carbon footprint created by Bitcoin mining globally accounts for 0.19%, which is the same amount the Czech Republic emits as an entire country. Data col...
Coinbase Halts Several Illicit Accounts from Russia
Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – announced earlier in the week that it is taking heavy action against Russian accounts on its platform. The compan...
Crypto Exchange CoinZoom To Block New Accounts In Russia- Report
CoinZoom, a U.S.-based crypto exchange, will stop accepting applications for new accounts in Russia over its invasion of Ukraine and the latest economic sanctions against the country. The exchange wil...
Coinbase blocks 25,000 Russian accounts
In recent days, Coinbase, the largest American cryptocurrency exchange listed on the Nasdaq, announced in a post on its corporate blog that it has blocked 25,000 Russian accounts involved in unspecifi...
eToro Reports 2.4 Million Funded Accounts in 2021 Financial Results
One of the well-known global multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed...
Israeli Officials Seize Cryptocurrency Accounts Tied To Hamas
During first 2 months of 2022, followers of the Freedom Convoy in Canada and Ukraine’s anti-Russian opposition party collected millions of dollars in crypto donations. Following a request from t...
China still accounts for 10% of Bitcoin transactions
Despite China’s blanket ban on all crypto-related activities in the country, residents of the country still account for roughly 10% of all global transactions involving digital assets. This was reveal...
Ukraine asks exchanges to freeze Russian crypto accounts
Ukraine’s vice prime minister and minister of digital transformation, Mykhailo Fedorov, has asked cryptocurrency exchanges to block the accounts of both Russian and Belarusian users. Fedorov mad...
Cryptocurrency Exchanges Refuse to Freeze Russian Accounts Despite Request by Ukraine » NullTX
Last week, Ukraine’s vice prime minister Mykhailo Fedorov requested major cryptocurrency exchanges to block addresses of Russian users. However, major cryptocurrency exchanges refused to sanction Russ...