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3 Reasons Crypto Prices are Rising Today – New Bull Market Starting?
13.3.2023
Financial markets have been engulfed with fear in recent days, as fears that a tumultoous sequence of banking crises could become a contagion in the sector.
It all started with the closure of Silvergate Bank's SEN payment network (key backend crypto industry infrastructure) following a run...
Shibarium early beta & Metaverse reveal made the recent headlines
13.3.2023
Shiba Inu has announced that the early beta test of Shibarium, also known as Puppynet, is now live for all the developers. Shibanarium, the layer 2 decentralized network, comes with a chance to change the course of the traditional layer 2 networks by revising the methods of control and updating...
Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?
13.3.2023
Two top Brazilian professional football (soccer) players claim they have fallen foul of a crypto scam – and say that they were convinced to invest in a fraudulent project by a fellow pro....
Read More: Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?
Swift Reports Positive Results from CBDC Pilot Test, Continues with Next Phase of Testing
10.3.2023
The international payment system Swift has reported positive results from a pilot test of transfers between different central bank digital currencies (CBDCs), saying they see “clear potential and value” in it.
The pilot test specifically looked at how different CBDCs can interoperate through...
S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?
10.3.2023
South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.
Per Decenter, Financial Services Commission (FSC) specifically wants to probe the 20 trading platforms that do not have licenses to trade fiat...
Core DAO enters into a partnership with OKX
10.3.2023
Core DAO recently announced entering a partnership with OKX. The collaboration will see OKX expanding its product integrations while collaborating with the CORE community. Moreover, the exchange will explore new staking deals while enjoying better compatibility with Core DeFi apps. Given...
Russian AML Regulator Says It’s Monitoring 25,000 Crypto Users – Here’s How
10.3.2023
The top Russian anti-money laundering regulator says that it is “monitoring” over 25,000 crypto users – and claims it has sophisticated tools that let it detect illegal activities.
Per Finam, Yury Chikhanchin, the head of the Federal Financial Monitoring Service (Rosfinmonitoring) recently held...
U.S. Justice Department Opposes Voyager Digital’s Sale to Binance.US, Appeals Judge’s Decision – Here's the Latest
10.3.2023
Shortly after bankrupt crypto lender Voyager Digital was authorized to sell its assets to crypto exchange Binance.US and transfer its users to the platform, the U.S. Department of Justice (DOJ) made an attempt to block the sale by filing an appeal that could derail it....
Read More: U.S. Justice...
Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs
10.3.2023
Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity.
According to a March 9 supplementary budget explainer paper by the Department of the Treasury, any firm using owned or rented mining rigs...
Biden Administration Proposes Major Changes to Crypto Taxation – Here's What You Need to Know
9.3.2023
US President Joe Biden has proposed major changes to the tax rules surrounding crypto, but the plan first have to be negotiated and approved by Republican-controlled Congress.
Biden’s proposal on crypto taxes is part of his budget plan for the 2024 fiscal year, which is expected to be unveiled...
Crypto Community Pounces as Economist Paul Krugman Faces Traditional Finance Woes
9.3.2023
The crypto community is having a blast with a comment from prominent economist and crypto-critic Paul Krugman after he said he’s been locked out of Venmo and that the “software has taken control.”
The tweet from Krugman was posted on Wednesday and said that although he has been a user of...
Human Protocol goes live on MultiversX Mainnet & enhances Micropayment
9.3.2023
The introduction of the internet has completely altered our way of looking at tasks ahead of us, coupled with the levels of productivity we can expect. It happens to be because of the setting up of global networks that we are, as of date, able to effortlessly and conveniently carry out the tasks...
Blockchain Industry Gets Boost as US Firms Set to Raise $100 Million For Crypto Fund – Are Institutions Coming Back?
9.3.2023
Despite a series of high-profile moves by the Securities and Exchange Commission as it seeks to reign in the US Crypto Industry, a new digital asset fund venture could reignite market growth.
The result of a partial merger between leading firms Alpha Sigma Capital and Transform Ventures. The...
Brazilian Unicorn Nubank Hires Ex-Meta Crypto Chief David Lucas
9.3.2023
Brazilian neobank Nubank, known for its crypto-friendly stance, has made headlines by hiring David Marcus, the former crypto chief at Meta (formerly Facebook), while simultaneously seeing a key member of its management team step down. The move comes hot on the heels of the bank's release of its...
Three Arrows Capital Founders Shake Up Crypto Industry with New Crypto Exchange After Acquiring CoinFLEX Assets – Here's What You Need to Know
8.3.2023
Su Zhu and Kyle Davies, the two founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC), have completed a funding round for their new OPNX exchange and will acquire remaining assets from the troubled exchange CoinFLEX.
The news that fundraising for the new exchange has been completed...
Spain Leading the Way in Crypto-powered Real Estate Sales Sector – Report
8.3.2023
Spain has become the center of gravity for the fledgling crypto-powered real estate sector, a new study has found.
Per the media outlet Criptonizando, the study was conducted by Forex Suggest. The study found that 289 properties had been listed for sale in Spain with crypto listed as a payment...
South Korean Police Arrest Girl Aged 14 for Buying Crystal Meth with Crypto
8.3.2023
A 14-year-old South Korean girl has been arrested on suspicion of using cryptoassets to buy methamphetamine (crystal meth).
Per Dong-a Ilbo, the girl is a third-grade middle school student who lives the in Dongdaemun District of Central Seoul. Police say she was found “collapsed” on a stairwell...
BIS Completes Successful Pilot Study of Central Bank Digital Currencies for Cross-Border Payments
7.3.2023
The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel.
The pilot study, called Project Icebreaker, aimed to test the “technical...
FTX Bankruptcy: Counsel and Advisers Rack Up $38M in January Bills – Here's the Latest
7.3.2023
The ongoing FTX bankruptcy saga has resulted in a staggering cost of legal fees, as revealed by recent court filings. In January alone, the total bill for legal work and expenses reached $38 million....
Read More: FTX Bankruptcy: Counsel and Advisers Rack Up $38M in January Bills – Here's the Latest
SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud
7.3.2023
The Securities and Exchange Commission (SEC) has announced it is taking “emergency action” against crypto hedge fund BKCoin and its co-founder Kevin Kang for “Ponzi-like conduct.”...
Read More: SEC Takes Swift Action Against BKCoin and Kevin Kang for Alleged Involvement in $100 Million Crypto Fraud