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Brazilian Senate OKs ‘15% Crypto Tax Rate’
1.12.2023
Source: karlavidal/Adobe Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%. Per the parliamentary website and a report from Brazil’s Livecoins, lawmakers “seriously amended” the bill to ensure...
I Fight For The Users
30.11.2023
If you haven't been able to keep up with my blistering pace of one blog post per year (if that), I can't blame you. There's a lot going on right now. It's a busy time. But let's pause and take
Defunct Celsius Opens Withdrawal Access for Eligible Cryptocurrency Holders
30.11.2023
Source: AdobeStock Bankrupt cryptocurrency lender Celsius has opened withdrawals for eligible custody customers starting November 29, according to a statement on X (formerly Twitter). Beginning today, additional withdrawals for Eligible Custody Users are now available. Please note that the only...
Canadian Crypto Drive Slows in 2023, Users Cite Wider Market Factors
30.11.2023
Source: Pixabay The number of Canadian cryptocurrency users has dropped in 2023 due to bear market fears and wider macroeconomic factors, a new survey shows. A Crypto Asset Survey published by the Ontario Securities Commission (OSC) was conducted to show consumer interaction with virtual assets...
Trust Wallet Warns Users May Face Transaction Delays and Missing History Amidst Bitcoin Node Instability
30.11.2023
Image Source: Pixabay Popular cryptocurrency wallet Trust Wallet has alerted users about an ongoing issue with the Bitcoin (BTC) node that may result in transaction delays and missing transaction history. In a Thursday post on X (formerly Twitter), Trust Wallet said they are “experiencing...
Celo Developer Sets Framework for Layer-2 Decision by January
30.11.2023
Source: Pixabay / jievani Celo’s developer has proposed a comprehensive plan to guide the selection of a Layer-2 technology provider, with a plan to finalize their decision in January 2024. cLabs, the primary developer behind Celo, published a “framework for selecting an L2 stack” on their...
Over 75% of Web3 games ‘failed’ in last five years: CoinGecko
30.11.2023
The “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99% from its peak
SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny
30.11.2023
Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December...
Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Clients
29.11.2023
The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to withdraw approximately 72% of their cryptocurrency...
Aerodrome and Velodrome Suffer Front-End Security Breach
29.11.2023
Source: Pixabay Decentralized crypto exchanges Velodrome and Aerodrome have warned users about a front-end security breach on their websites. In X posts published on Wednesday, Velodrome and Aerodrome warned users against interacting with their websites until further notice. “Our frontend...
Bondex: Changing the Recruitment Landscape for Users Benefits
29.11.2023
PRESS RELEASE. London, United Kingdom, 29th November, 2023. Bondex, the groundbreaking decentralized professional talent network, is proud to announce the launch of its innovative Job Portal, marking a paradigm shift in the recruitment landscape. In partnership with some of the biggest names in...
CFTC’s Request for Coinbase User Data Linked to Bybit Investigation – What’s Going On?
29.11.2023
Source: Adobe / Rafael Henrique Coinbase users are reportedly receiving emails notifying them that their customer information might be shared with the US Commodities Futures Trading Commission (CFTC) following a subpoena served to Coinbase. While the exchange has not publicly commented on...
Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes
29.11.2023
Image Source: Pixabay The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines. In a Wednesday announcement, HM Revenue and Customs (HMRC) asked crypto users to make a “voluntary disclosure of any unpaid tax” relating...
SEC in Philippines: Binance is Operating Without a License – Here’s the Latest
29.11.2023
Source: Iryna Budanova/Adobe The Securities and Exchange Commission in the Philippines has warned users that cryptocurrency exchange, Binance is operating without the required license. In a Nov 28 press release, the regulator stated that the exchange lacks authorization to sell securities to...
Animoca Brands Now the Largest Validator on TON Network
29.11.2023
Animoca Brands is now TON blockchain’s largest validator and will henceforth “provide funding, research, and an analytics platform.” The software company said Animoca’s collaboration with TON further reinforces its commitment to the latter’s ecosystem. The Animoca...
UK to Hit Crypto Users With Penalties for Unpaid Taxes
29.11.2023
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings
Tron Blockchain Founder Justin Sun Rejects Reports Linking His Protocol to Terror Funding
29.11.2023
Tron blockchain founder Justin Sun has rejected suggestions that his protocol is increasingly being used by terrorist organizations. Sun said Tron’s top priority remains maintaining decentralization as well as making sure users’ assets remain safe. A new report suggests that between...
Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront
29.11.2023
Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation, users, and Web3 will be at the forefront of Binance in the new era of...
Derivatives Trading Protocol dYdX Chain Commences Rewards Distribution After Greenlight From Community
29.11.2023
Decentralized exchange platform dYdX has kickstarted its trading fee rewards program for its layer-1 derivatives protocol after receiving the go-ahead from its online community. Trading Rewards Now Live on dYdX Chain! Following a governance vote, users can now earn from a $20M reward pool in $DYDX...
Chainlink Expands Staking Accessibility Through v0.2 Release
28.11.2023
Source: Pixabay Chainlink has enhanced its native staking mechanism through the introduction of Chainlink Staking v0.2, featuring an increased pool size of 45 million. According to a press release on Tuesday, the initiation of the v0.2 upgrade will commence with a nine-day Priority Migration phase...