Just recently, Kakao an internet giant from South Korea has expressed its intentions of expanding its blockchain network out of the country. Kakao is famously known for hosting a blockchain network going by the name Klaytn. The firm recently announced that it plans to go for global expansion, which is one of the top agendas…
Binance announces suspension of some of its products’ trading in South Korea leaving millions of South Korean customers to dishearten and repenting. Binance says that it has examined certain South Korean crypto regulations which suggest it immediately suspends offering certain products on an immediate basis. There is too much going around at Binance at a…
Former IRS Director Greg Mohan Karan Leng has been replaced by Binance Financial Services Manager. The exchange announced Wednesday that Binance Exchange Cryptocurrency has already hired a US treasurer to oversee the work of combatting Money Laundering. Mohan spent nearly 20 years in the Treasury’s criminal investigation department before replacing Kareena Ling as head of…
The UK is in motion to bring forth a community comprising of crypto professionals to help educate people on crypto-related dispute issues. Experts in legal matters have joined forces in order to deal with the growing level of crypto disputes being registered. The community has been formally named the (CFAAR), which stands for Crypto Fraud…
Dogecoin (DOGE) extends its steady rises throughout Tuesday morning sessions. The altcoin managed to recover the recent losses that had it dipping towards $0.30. With the support from fundamentals, the canine-themed crypto might see higher prices. While writing this content, DOGE/USD trades near $0.32. The meme coin started its uptrends over last week’s sessions due…
Crypto tax law proposed in Iran by the Iranian National Tax Administration (INTA) which plans to generate tax from the cryptocurrency exchanges doing business in the territories of Iran. INTA also urges the Iranian Government to legalize crypto exchanges, their services, and activities on the pretext that the restrictions may substantially reduce the targeted tax….
As per the latest reports, TaxBit has made an announcement in regards to a successful funding round. TaxBit is prominently known as a developer for cryptocurrency tax software, which is based in the United States. Although TaxBit is a startup, it is already among the list of crypto-unicorns. Just recently, the firm has concluded funding…
The crypto market today had prices falling as Bitcoin traded beneath the $47,000 mark. According to CoinDesk, BTC has its value dropping by 3% due to the previous sluggish sessions. That had the leading crypto trading around $46,231 at this publication. However, BTC still trades 59% on YTD. Ether, Ethereum network native coin traded lower…
According to a spokesman, the reduced burn cost is a “natural response” to the previous month’s market patterns. The number of Huobi tokens burnt by Huobi Global back in July suggests that the cryptocurrency exchange’s income dropped. According to the platform, the overall sum of Huobi Token burnt decreased by 54 percent from June to 22.3 million dollars….
The world’s biggest and most effective blockchain intelligence firm Chainalysis has promised to give full coverage to the network of Dogecoin as well in its future publications. The intelligence firm believes that with the help of Tesla’s Elon Musk, Dogecoin has become one of the most traded and highly growing cryptocurrencies in the world. But…
A new feature called “Cash Back to Crypto” has been successfully incorporated in PayPal’s famous crypto app Venmo which lets the users, holding credit cards, enjoy the facility of purchasing four major virtual assets automatically without being charged of any transaction fee by PayPal. On 10th August 2021 (Tuesday) PayPal made a fresh announcement informing…
Insurance businesses and financial firms may be obliged to rationalize and explain every bitcoin-related investment. Israel’s Capital Market, Insurance, and Savings Authority is forcing insurance companies and financial institutions to document and validate any bitcoin investments. The authority described bitcoin as a financial tool with no inherent value in a letter delivered to establishments underneath its The…
With the collaboration of Orbis Blockchain Technologies Limited, the event of Veve Digital Collectibles called the “Marvel Month” on 5th August 2021, has been launched by Marvel Entertainment. The two entities are getting along together for developing the first-ever NFT featuring one of the most famous Marvel characters, Spider-Man. There is good news for Marvel…
Rosfinmonitoring or the Russian Federal Financial Monitoring Service intends to track all incoming and outgoing transactions of crypto. For this purpose, the tender was floated for engaging a contractor with the required skill set a firm owned by Sberbank namely RCO has been engaged for the task. Russia has finally come up with a solution…
Over the course of time, as the demand and adoption rate for Bitcoin (BTC) has increased, its mining difficulty has also surged. However, the mining difficulty rate ended up taking a dip when the Chinese regulators decided to take matters into their own hands. It was in mid-May when the Chinese regulatory authorities proceeded with…
This is the first comprehensive merging of two public blockchains. Polygon, an Ethereum blockchain “layer 2” network, is combining with Hermez Network together in 250 million MATIC transaction worth about 250 million dollars at the MATIC token’s new valuation. Hermez will be integrated into the Polygon environment as Polygon Hermez, and would be a component of Polygon’s product…
Briefly – Ethereum challenges BTC’s dominance as the crypto market cap exceeds $2 trillion, the highest since May. Cardano follows ETH close as it awaits its smart contract upgrade, ADA surged to $2. Fans suggest the Polkadot and Solana are technically cutting-edge than Ethereum, their rival. For now, Ethereum dominates the NFT (non-fungible token) marketplace,…
The lawsuit between Ripple and the SEC (Securities and Exchange Commission) now involves Binance (the leading crypto exchange) in the case. Brad Garlinghouse, the CEO of Ripple, stated that Binance carries the relevant documents regarding the lawsuit. In the latest filing with the New York’s Southern District, the legal group of the Garlinghouse has requested…
Price fragmentation is a growing issue in the crypto domain. It means that the low communication between crypto exchanges is causing significant price variations. The considerable differences in crypto prices on exchanges are causing the phenomenon of arbitrage investments. It means that investors look for different exchanges offering the lowest and highest rates on crypto,…
Bitcoin is rising over the 200 day Trend Line, but it is facing critical levels of resistance that should be overcome. Bitcoin and the cryptocurrency market have risen tremendously in previous weeks, with Bitcoin increasing by 60 percent from its July low points, while Ether has shown resilience with a 90 percent increase, while altcoins have…
