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Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto
12.10.2022
European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto...
Portuguese Proposal Would Enact Taxes on Crypto Transfers, Capital Gains
10.10.2022
The country had been notable for having no crypto taxes on individuals, but the finance minister last spring had promised that stance was soon to end
South Korea Seeks to Freeze 3,313 Bitcoin Allegedly Linked to Luna Founder Do Kwon
28.9.2022
South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arrest warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring...
OKC Announces IBC Transfers, OKC Bridge, and OKC Swap to Boost Interoperability
15.9.2022
OKC looks forward to adopting a multi-chain approach while enabling seamless cross-chain transactions. The objective is to boost interoperability, and for the same purpose, the platform has announced three new features, namely IBC Transfers, OKC Bridge, and OKC Swap. Projects are already being...
Crypto Trading Network Apifiny Turns to Fireblocks to Help Make Asset Transfers Easier
9.9.2022
Apifiny Group is plugging its crypto trading network into custodial service Fireblocks in an effort to lower its asset onramps and off-ramps
Voyager Kept Taking Buy Orders after Freezing Crypto Transfers. Now, This Trader is Stuck
6.9.2022
Voyager kept processing crypto buys even after the now-bankrupt firm shut down withdrawals on July 1, creating a purgatory where clients could throw good money after bad
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
3.9.2022
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with...
Crypto's adaptability, openness key to ideal monetary system, say BIS execs
3.9.2022
Some of the biggest flaws preventing present-day cryptocurrencies from mainstream adoption, pointed out by the BIS execs, are bottleneck congestion in DeFi and the reliance on volatile assets
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel
29.8.2022
With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s...
XRP price pumps and dumps amid mysterious $51M whale transfers — what's next?
26.8.2022
XRP risks declining further in the coming weeks despite its eye-grabbing intraday price moves
Spending $276M in Ether — Colossal Ethereum Whale That Participated in the Genesis ICO Transfers 145,000 ETH
16.8.2022
After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates. Mega Ethereum Whale Distributes...
Binance sides with Indian regulators in WazirX fallout, to cease support for off-chain transfers
8.8.2022
Binance denied any equity ownership in the India-based crypto exchange after the latter came under regulatory scrutiny
WazirX Founder Says Binance Has Restarted Off-Chain Transfers
8.8.2022
Following reports of panic among WazirX users at Binance's cessation of off-chain transfers, WazirX's Shetty has said that these services have now been resumed
100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stablecoin Vault
11.7.2022
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance vote that provides “collateral integration from a U.S.-based bank.” The Makerdao governance vote passed by a majority vote of more than 87%, and it allows the U.S. financial...
Crypto Exchange Coincoinx to Launch Crypto to Fiat Payments App in Venezuela
2.7.2022
Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil,...
Mercado Pago Extends Its Cryptocurrency Services in Brazil
29.6.2022
Mercado Pago, the digital payments company related to Mercadolibre, has recently announced the extension of the crypto services that it provides to users in Brazil. The company revealed it will now allow customers to deposit their own cryptocurrencies through third-party services and wallets into...
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
Kava Teams With Celer cBridge to Facilitate Cross-Chain Asset Transfers
17.6.2022
Kava Network will join forces with Celer Network to successfully implement bridging support for Kava through the Open Canonical Token Standard of Celer Network. Users can bridge USDT, USDC, WBTC, DAI, and WETH between Kava and Ethereum securely, quickly, and at an extremely low cost. The addresses...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
13.6.2022
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency...
Celsius Sends a Memo to Pause Swaps, Withdrawals, and Transfers
13.6.2022
Celsius shared a memorandum with its users and community members on June 13. The announcement carried the team’s decision to put off all the operations like deposits, withdrawals, and transfers to fortify its management framework. The team hopes to bring the project to a better position that...