Search
Data Shows Global Financial Conditions Tightest in 2 Years, Shaky Bond Markets Point to Long-Run Inflation
8.3.2022
At the end of the trading day on Monday, Wall Street was roiled once again as major stocks plunged during the day’s trading sessions. Most news outlets indicate the Russia-Ukraine war is causing the bleak outlook and reports show strained financial conditions worldwide are currently...
Biden Planning to Sign Executive Order on Crypto This Week: Reports
8.3.2022
The White House has been working on coordinating the efforts of different federal agencies since last year
US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’
6.3.2022
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for...
Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s
4.3.2022
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market...
Infura Mistakenly Leaves Venezuelan Users Without Metamask Support
4.3.2022
Infura, the service provider of Metamask, one of the most used smart contracts-based wallets, blocked the access of Venezuelans to the Ethereum blockchain. Reports about this happening circulated on social media, attributing it to the existence of sanctions that the infrastructure provider might...
SEC investigating NFT market over potential securities violations: Reports
3.3.2022
NFT creators and marketplaces have been targeted by the SEC for conducting illegal activity in a new wave of regulatory action against unregistered securities
Data Shows Ruble-Denominated Crypto Trading Has Spiked, RUB Represents Over 2% of USDT Trades
2.3.2022
According to reports and data stemming from ruble-denominated crypto trading pairs, Russian citizens are flocking toward cryptocurrencies amid the conflict in Ukraine. Analytical data indicates that the ruble is the sixth most traded pair with tether and tether’s fourth most traded...
Sanctions May Not Affect Russia’s Access to Crypto, Reports Claim
25.2.2022
As sanctions rain on Russia, following the Kremlin’s decision to invade Ukraine, media reports have suggested that they are unlikely to limit the country’s access to crypto assets. While the Russian elite may use them to circumvent restrictions, ordinary Russians are also likely...
Canadian Regulator Reports Coinbase, Kraken CEOs' Crypto Custody Tweets
22.2.2022
The crypto fallout from Canada’s so-called “truckers’ protest” is continuing to make its presence felt – with a financial regulator reporting the heads of the American crypto exchange giants Kraken and Coinbase to the Royal Canadian Mounted Police, the Canadian national police force, over their...
Russian Finance Ministry to Draft 2 Crypto Laws as Central Bank Prepares Own Bills
19.2.2022
The Russian Ministry of Finance has proposed the adoption of two pieces of legislation aimed at regulating cryptocurrencies. The drafts will be presented for public discussions expected to continue until March 18. Media reports have revealed that Bank of Russia has been working on alternative...
Bank of Russia Reports First Successful Digital Ruble Transfers Between Users
16.2.2022
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens...
Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate
14.2.2022
Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero...
Binance Invests $200 Million Into the Business Magazine and Digital Publisher Forbes
11.2.2022
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 Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes...
Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021
7.2.2022
Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings.
This was disclosed in a filing with the US Securities and Exchange Commission (SEC) for the previous fiscal year...
Crypto Users and Exchanges Must Now Report Transactions in Colombia
6.2.2022
The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to issue...
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
6.2.2022
Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further...
Reports Bored Ape creator in talks with A16z: Potential valuation $5B
4.2.2022
Garnering interest from one of Silicon Valley's top VC’s, Bored Ape Yacht Club creator Yuga Labs, may be eyeing a $5 billion valuation
Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance
3.2.2022
Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around...
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
3.2.2022
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network...
US Federal Trade Commission Warns About Cryptocurrency Scams Using Social Media
1.2.2022
The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge...