On Tuesday, the team behind the Umbria network announced the launch of the new Narni cross-chain Avalanche bridge. Umbria says the bridge is 90% cheaper than the official Avalanche bridging solution a...
Tag: cryptocurrencies news
PowerTrade Management Team Explains the Benefits of Automated Market Makers – Coinotizia
PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through an intuitive interface that provides better prices and lower margin requirements. At PowerTrade, ...
SEC Warns Against Interest-Bearing Crypto Accounts — Says They’re Riskier Than Bank Deposits – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement acti...
Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range – Coinotizia
On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief slump below that region last week. Out of the entire TVL in d...
ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment – Coinotizia
The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about h...
Popular Trading App Robinhood’s Global Expansion Will Be ‘Crypto First’ – Coinotizia
Popular trading app Robinhood has revealed that its international expansion will be “crypto first.” The company said from the regulatory standpoint, crypto is “probably the easiest way to go global.” ...
Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad – Coinotizia
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, ...
NEAR Protocol Provides Development Grant To InsurAce․io – Coinotizia
press release PRESS RELEASE. InsurAce.io has announced that its proposal for a NEAR protocol development grant has now been granted, and that its deployment on NEAR shall take place very soon. InsurAc...
Bank of Zambia Expects to Complete CBDC Study in Q4 – Coinotizia
The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narro...
IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday – Coinotizia
IOTX was Friday’s big gainer, as crypto markets were lower across the board to end the week. Overall, the global cryptocurrency market cap is down close to 4% in today’s session. Biggest gainers Follo...
Binance Invests $200 Million Into the Business Magazine and Digital Publisher Forbes – Coinotizia
Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine...
US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth – Coinotizia
Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% h...
An In-Depth Look at the Couple Accused of Laundering 94,636 Bitcoin From the 2016 Bitfinex Hack – Coinotizia
On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are accused of an “alleged conspiracy to launder” 94,636 bitcoins stolen from Bitfinex in 2016. Interestingly, both of th...
Opensea’s All-Time NFT Sales Volume Crosses $20 Billion – Coinotizia
Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 billion in all-time sales. The leading NFT marketplace has seen more than 1.2 million traders leverage the platform sinc...
Indian Government ‘Constantly Monitoring’ Crypto Sector, Says Finance Minister – Coinotizia
India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that cr...
Cappasity to Present 3D NFT for E-Commerce in March 2022 – Coinotizia
press release PRESS RELEASE. Cappasity’s platform will allow retailers to create immersive NFTs easily and quickly. The proprietary utility token CAPP will be used in the provision of NFT services. Ca...
KPMG in Canada Makes First Direct Crypto Investment — Adds Bitcoin, Ether to Corporate Treasury – Coinotizia
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional ado...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency – Coinotizia
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment f...
US Treasury Warns NFTs May Present New Illicit Finance Risks – Coinotizia
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry estimates, the NFT market could reach $35 billion in 2022 and more ...
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report – Coinotizia
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. Th...
Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions – Coinotizia
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, cal...
Konami to Keep Selling NFTs to ‘Preserve Content’ – Coinotizia
Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and expl...
Bitcoin Hits $40,000, as LEO Leads Friday Rally – Coinotizia
Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to ...
Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech – Coinotizia
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new op...
Thailand Relaxes Tax Rules for Crypto Investors, Scrapping 15% Withholding Tax – Coinotizia
Thailand has relaxed tax rules for cryptocurrency investors, scrapping its planned 15% withholding tax. “The revenue department did a lot of homework and reached out to crypto operators as well to get...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Coinotizia
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to l...
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender – Coinotizia
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organi...
Central Bank of Jordan Exploring the Possibility of Launching a CBDC – Coinotizia
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also ...
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis – Coinotizia
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high ener...
Central Bank Prohibition Led to Growth in Crypto Awareness – Coinotizia
The chief marketing officer (CMO) of a cryptocurrency payments solution company, Rotimi Ogunwede, has insisted that the Central Bank of Nigeria (CBN)’s decision to bar crypto entities from the banking...
Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal – Coinotizia
Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the...