While it is abundantly clear that crypto trading has been on the rise for many years, it is clear as day that there have been some issues that a large number of people have had a problem with. One of the most prominent problems that many crypto traders have faced over the years is that…
Muslim clerics from different schools of thoughts gathered together in Indonesia to see the status of crypto under Islamic principles. The clerics and scholars were from the highest Muslim institution of Indonesia called the “National Ulema Council”. The word “Ulema” means “clerics and/or scholars”. Indonesia being a Muslim majority country, somewhat relies on the Council…
The advent of crypto has provided worldwide Governments a new industry which they can tax. Similarly, the Austrian Government has come up with a proposal in which it would be treating “virtual assets” as the like of “stocks” for the purposes of imposition of tax upon virtual assets. Eventually, tax will be collected over gains…
Ted Cruz, a legislator from the US Congress, has presented a resolution in which he is urging the Congress to use virtual currencies as payments in the shops, cafeterias and vending machines located within the congressional areas. He was of the view that the resolution will indoctrinate Congress how they can make good use of…
The crypto trading landscape has changed in a number of ways and it is mostly for the better. If you look at the current trading scene and compare it with how things used to be, it is easy to see how far it has come in such a short period. However, no one would have…
The crypto landscape has evolved greatly over the years and one of the reasons behind it is the large number of people who have been investing in it. While there is no denying that the crypto scene is full of experienced investors, there are plenty of newer ones as well. This does not mean in…
The crypto landscape has been better than ever and one of the reasons behind it is the increase in investments as of late. If you compare this increase with the state of crypto a few years ago, it would be easy to see how the crypto landscape has come. There is a lot more convenience…
XRP has its price movements locked in a constricted range as symmetrical triangle formation has surfaced. XRP might witness a massive plummet with the decreasing price volatility. Vital support stands at $1.0587, where 50-day SMA appears as Ripple’s foothold. Ripple had its price hovering around $1.0859 with somewhat neutral favoritism. That comes even as SEC…
Contrary to popular belief, Pakistan’s executive power has not intentions to band crypto investments for good. For the past few weeks, there has been a false narrative going around that suggested that the government plans to shut down crypto trading altogether. However, that could not be any further from the truth as Pakistani lawmakers have…
One of the most talked about things these days in the world of crypto is the ban that the Chinese government imposed on crypto trading. In most cases, people did not take kindly to this decision and there were loads and loads of protests going around. One of the reasons why people did not agree…
Cybercrimes have been prevalent ever since the internet existed and it does not seem like they will be going away any time soon. If anything, the amount of cybercrimes have only increased over the past few years. This is particularly true for the crypto space. If you take a close look at the crypto space,…
On the spot discounts will be available to those Salvadorans who will use Chivo wallets for paying their fuel bills to gas filling stations. Against one gallon of fuel, a consumer will be able to enjoy a discount upto $ 0.20 subject to just one condition that the payment is made through Chivo wallet. By…
The very first crypto fund in Switzerland has been successful in securing approval from the Financial Market Supervisory Authority (FINMA). This marks the beginning of a new chapter in Swiss history because there was no crypto fund that was ever available to Swiss consumers until now. The managing company which is going to manage the…
The world, by its very nature, is constantly evolving. If you were to tell someone over a decade ago that Bitcoin (BTC) would become legal tender in any country, you would most likely be laughed at and ridiculed. Well, that is exactly what happened in El Salvador, as its president, Nayib Bukele, went ahead with…
These days, more and more celebrity influencers are starring in cryptocurrency advertisements. From Paris Hilton to Kim Kardashian, cryptocurrency developers are using their large fanbases to build trust. However, it’s very dangerous that celebrities, who aren’t experts in investments, are making crypto seem cool. After all, it’s unlikely that their massive followings have an understanding…
Currently, Facebook, a company that pays highly for Washington lobbying, is trying to swap the Biden administration. On what? That their upcoming blockchain-based payments project doesn’t put the financial system at risk. Even so, officials are still concerned. Facebook’s efforts to convince officials are running into the same old concerns regulators. This is even though…
Briefly – Coinbase quietly declared the cancellation of its lending program. The US SEC threatened to prosecute the trading platform over the yield program. Meanwhile, the Nasdaq-listed company remains without an explanation why the regulator refers to lending yields as security. Coinbase decided to suspend its crypto lending program following the move by the US…
Briefly – Indian cryptocurrency enthusiasts have ventured into WhatsApp and Telegram to felicitate their p2p crypto investments. Reports suggest that the platforms account for nearly 60-89% of the transactions in the country. Moreover, sources suggest that the authorities will classify digital coins as commodities, therefore taxing them. As banks restrict cryptocurrency activities, Indians turn to…
With the help of Flexa in developing the system for facilitating crypto payment option, the top bank of El Salvador namely Bancoagricola has announced accepting Bitcoin against payment of debts. The customers of Bancoagricola now have the option to pay Bitcoin at the bank against purchasing of any bank supported financial goods, products as well…
Briefly- The financial regulator in South Korea sets a deadline for crypto exchanges to register as authorized trading platforms. Local cryptocurrency exchanges struggle to meet the financial regulator’s conditions. Crypto traders in the country might witness losses in kimchi tokens worth more than $2.6 billion. South Korea’s FSC (Financial Services Commission) declared another deadline for…
