Category: crypto assets


Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ Technology


Central Bank of Ireland Governor Talks Crypto, Praises ‘Secure, Decentralized’ TechnologyGabriel Makhlouf, the governor of the Central Bank of Ireland (CBI), has published a blog post in which he shares his views on the digitalization of finance. While echoing concerns expressed by his counterparts regarding cryptocurrencies, the official has also highlighted some of their positives. Don’t Ignore the Positive Elements of Crypto Technology, Central Bank […]


Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets


Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto AssetsResearchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including crypto keys. The Russian “time capsule” will be capable of storing and relaying other private information as well such as a record of the whereabouts of valuable items. Russian Universities to Provide Service Allowing Crypto […]


Survey Shows 3 out of 4 Sports Fans Are Skeptical About the Longevity of NFT Investments


Survey Shows 3 out of 4 Sports Fans Are Skeptical About the Longevity of NFT InvestmentsOver the last year and a half, non-fungible tokens (NFT) have seen massive hype and millions of dollars worth of sales executed at auctions. A recent survey produced by bonusfinder.com shows sports fans are doubtful of the NFT craze as the poll’s findings show nearly three out of four people are “moderately skeptical” about the […]


South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes


South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue TaxesThe South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure […]


Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million


Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 MillionThe number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According […]


IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender


IMF Warns Against Adopting Crypto Assets Like Bitcoin as National CurrencyThe International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in Adopting Cryptocurrencies as National Currency The International Monetary Fund (IMF) published a blog post on Monday […]


Crypto Companies Establish Presence, Hire Talent in Ireland


Crypto Companies Establish Presence, Hire Talent in IrelandWith a friendly attitude towards financial innovation, the Republic of Ireland has become a desired destination for fintech businesses that need unimpeded access to the common European market. Cryptocurrency companies have been opening offices in the EU member state with some well-known players now looking to hire local talent. Major Crypto Companies Set Up European […]


Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments


Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto InstrumentsIn line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s stock exchanges. The “preventive measure” will not affect state-issued digital currencies. Bank of Russia Worried About Common Investors’ Exposure to Crypto Derivatives Russia’s central banking […]


Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’


The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering […]


Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’


Analyst: 'Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While'The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is […]


These Are the Crypto Economy’s 5 Most Expensive Assets per Unit


These Are the Crypto Economy's 5 Most Expensive Assets per UnitOn July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market capitalization positions and viewing crypto assets in this way […]


Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage


Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto ArbitrageReports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need […]


Survey: Financial Sector Wants Ukraine’s CBDC to Facilitate Transactions in the Crypto Market


Survey: Financial Sector Wants Ukraine’s CBDC to Facilitate Transactions in the Crypto MarketA survey conducted among financial professionals has indicated that the industry wants Ukraine’s future digital currency to be used as a tool in the crypto space. The financial sector also favors a blockchain design for the e-hryvnia that would allow peer-to-peer transfers and fuel e-commerce. Financial Experts Define Potential Uses of Ukraine’s Digital Currency The […]


EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest


EU Mulls AML Authority and New Rules for Crypto Transfers, Documents SuggestThe European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement […]


Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor


Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency AdvisorFollowing the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver will be the bureau’s new crypto expert and she brings “a wealth of digital currency […]


Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%


Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token's Daily Gains Jump 228%While dogecoin and the ERC20 token shiba inu have surprised the masses with phenomenal gains this year, another dog token has entered the fray. A coin project called “Baby Doge” has risen 228.3% during the last 24 hours and even more so after Tesla’s CEO Elon Musk tweeted about the crypto asset. Another Canine Crypto […]


As the Top Coins Lag Behind, an Odd Bunch of Crypto Assets See Double-Digit Gains


The market capitalization of all 10,722 cryptocurrencies in existence is around $1.42 trillion on Wednesday and during the last 24 hours, all of these crypto-assets combined lost 3.92%. Meanwhile, bitcoin captures 45.73% of the entire $1.42 trillion capitalization and ethereum commands 17.8%. As both of these leading assets have improved this week, seven-day changes against […]


Decentralized Exchange Volumes Double Overnight — A Look at the Top 3 Dex Platforms in 2021


Decentralized Exchange Volumes Double Overnight — A Look at the Top 3 Dex Platforms in 2021As crypto markets saw some recovery on Tuesday, decentralized finance tokens and applications have once again started swelling in value. Decentralized exchange (dex) trade volumes have increased a great deal, as daily swap volumes stemming from Ethereum-based dex applications have doubled since Monday. Pancakes, Sushi, and Unicorns Decentralized finance continues to astonish, as billions of […]


Indians Hold $40 Billion in Cryptocurrency, Report Suggests


Indians Hold $40 Billion in Cryptocurrency, Report SuggestsCrypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past […]


Deutsche Börse Group Acquires Major Stake in Swiss Firm Crypto Finance AG


Deutsche Börse Group Acquires Major Stake in Swiss Firm Crypto Finance AGOn Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG. The move adds to Deutsche Börse’s extension into the cryptocurrency industry in order to provide custody solutions and a “direct entry point for investments.” Deutsche Börse Group to […]


Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the Province


Ontario Crackdown on Crypto Exchanges Continues With Binance Leaving the ProvinceCryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected the operations of several exchanges. Crypto Exchange Binance Exits Canada’s Ontario Binance, which is one of the world’s leading cryptocurrency exchanges by daily volume, has […]


DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto Knowledge


DOJ Seeks Trial Attorney With Extensive Blockchain and Crypto KnowledgeThe U.S. Department of Justice (DOJ) is seeking a trial attorney to help with the federal executive agency’s Digital Currency Initiative. The DOJ posted a job listing on the justice.gov web portal and the hired individual is expected to serve as an “expert on digital currency and blockchain technologies for the criminal division.” DOJ’s Money […]


Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund


Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual FundOn June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto […]


Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic


Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still OptimisticThe price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days as the entire […]


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