South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
Tag: Cryptocurrencies
Fed: cryptocurrencies as an opportunity for banks
A few days ago a press release was published on the official website of the Federal Reserve (Fed), or the U.S. Central Bank, stating that crypto-assets are an opportunity for banks. The official stat...
Here’s 5 cryptocurrencies with bullish setups that are on the verge of a breakout
The S&P 500 ended its four-week-long recovery last week after minutes from the Federal Reserve’s July meeting hinted that the central bank’s rate hikes will continue until inflation is under contr...
Why Did Bitcoin Fall? Is It Because Stocks Slumped Too?
Text size How strong is the link between stocks and Bitcoin? AFP via Getty Images Bitcoin sank Friday and stocks did too. The world’s largest crypto posted losses for the week, as did equities. Could ...
Top 5 Cryptocurrencies of the Week -Week 33
Many cryptocurrencies began to recover from their bottom prices. Bitcoin recovered from its low of $18,500 and touched a high of approximately $25,000. It again dropped and at the time of writing this...
U.S. FDIC Issues Cease and Desist Order to FTX US Over False Insurance Claims
The United States Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letter to FTX US over “false claims and misleading statements” concerning its insurance coverage. The regulat...
Google’s Alphabet Invested $1.5 Billion in Crypto
According to recent research by blockchain analytics firm Blockdata, Alphabet, the parent company of Google, invested a whooping sum of $1.5 billion into crypto and blockchain startups, topping the ch...
Canadian Regulator Issues New Rules on Exposure to Cryptocurrencies for Entities Under Its Supervision
The public affairs office of the Superintendent of Financial Institutions has announced an interim approach for crypto assets held by federally regulated financial institutions and will reduce the con...
Major Cryptocurrencies Drop Below Amid Sudden Market Crash
BTC dropped below $21k, after reaching $25,135.59 in the previous week. Major altcoins are also witnessing a sudden huge crash. Following a continuous positive surge over July, the global crypto marke...
Tech Stocks Are Due for Another Fall
Text size Technology fundamentals are getting worse, not better. One example is weakening demand for consumer electronics. Illustration by Barron’s (Dreamtime 4) For years, tech investors seemed...
SBI Holdings to Shut Down Crypto Mining Operations in Russia
Japanese financial services giant SBI Holdings is planning to shut its crypto-mining operations in Siberia, Russia, Bloomberg reported on Friday. SBI chief financial officer (CFO) Hideyuki Katsuchi sa...
BTC Retraced to $21k as Correction Bites Harder
Bitcoin failed to record any increase over the last five days. A closer look at the charts revealed that although there were several push to the top, all failed to yield results. For example, on Monda...
Bitcoin, Ether Among Major Cryptocurrencies Taking A Nosedive After Sudden Sell-Off
Topline The value of top cryptocurrencies including bitcoin and ether plummeted early Friday morning, derailing a weeks-long rally and shedding tens of billions in value in a matter of minutes as the ...
South Korea to Investigate KuCoin Alongside 15 Crypto Exchanges for Unreported Operations
The South Korean Financial Services Commission (FSC) has put some cryptocurrency exchanges up for investigation under the claim that the concerned exchange companies are operating unlawfully in the co...
Noft Games Unlock Multi-Cryptocurrency Minting Solution
Noft Games, a battling play-to-earn game powered by Binance Smart Chain, now offers users the ability to mint NFT in-game cards with BUSD, USDC, USDT, and DOGE coins, adding those to a prior existing ...
Korean Police to Accept Cryptocurrencies For Traffic Fines
The South Korean police have just completed a successful trial program that allows it to take crypto from individuals to pay their traffic fines. Gunpo, a small city in the northwestern Gyeonggi provi...
Aussie Gas Station On the Run Now Accepts Crypto Payments
The Australian convenience store and petrol station brand, On the Run (OTR), has partnered with leading crypto exchange CryptoCom and payment terminal provider DataMesh Group Pty Ltd to launch Austral...
7 Super Benefits of Trading Cryptocurrencies on MT4 – crypto.news
A new platform called Metatrader 4 (MT4) is getting highly popular among Forex traders nowadays. Whether you are a novice or an experienced crypto trader, you might already know the platform’s name fo...
We Could Shut Down ETH Staking Under Regulatory Threat
Brian Armstrong, CEO of the American crypto exchange Coinbase, responded on Thursday to a hypothesis raised on Twitter, where he said his company would shut down its Ethereum validator node if regulat...
Crypto Lender Nexo Sues Former Director Over Account Holding $20M in Bitcoins
Crypto lender Nexo has filed a legal lawsuit against its former executive Georgi Shulev for refusing to honor his side of an agreement he signed with the firm before his departure in 2019, Law360 repo...
U.S. Judge Rejects $27.5M Settlement Deal Against Crypto Firm Block.one
Lewis A. Kaplan, a United States Judge in the Southern District of New York, has rejected a $27.5 million settlement in an ongoing class-action lawsuit against blockchain development company Block.one...
Crypto Broker Genesis Slashes 20% of Workforce as CEO Steps Down
Crypto brokerage company Genesis has slashed 20% of its workforce as its CEO Michael Moro steps down from his role at the firm, Bloomberg reported Wednesday. The broker believes the decision will help...
Polish Zetly Creates a Revolutionary All in One Platform for Sports
Zetly is a Polish-Estonian technological startup whose main goal is to build the largest digital All in One platform for fans, sportsmen, clubs, and federations. The project initiators set the main go...
U.S. SEC Charges Dragonchain Founder for Raising $16.5M Via Unregistered ICO
The United States Securities and Exchange Commission (SEC) has charged Dragonchain Inc, Dragonchain Foundation, The Dragon Company, and their founder, John Joseph Roets for allegedly raising $16.5 mil...
XTZ Show More Signs of Recovery Peaks at $2
Tezos is one of the top gainers over the last 24 hours. The asset saw notable price increases during the previous intraday session. It closed at $1.88 with a more than 3% increase during the period un...
NFL Franchise Houston Texans to Accept Cryptocurrencies for Single Game Suites – Bitcoin News
The professional American football team the Houston Texans revealed that it has entered an exclusive partnership with the company Bitwallet. The deal will give Houston Texans fans the ability to purch...
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan – Exchanges Bitcoin News
Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but t...
3 CRYPTOCURRENCIES THAT WILL RULE THE INDUSTRY IN THE NEXT 5 YEARS
Introduction Volatility and unpredictability, which formerly enticed young people to invest and profit quickly, have now backfired. Recently, the cryptocurrency market plummeted spectacularly, sparkin...
BlockchainCom Partners Florida International University to Drive Web3 Education
Cryptocurrency exchange and wallet provider BlockchainCom has partnered with Florida International University (FIU) to increase cryptocurrency and Web3 education. According to the company, the partner...