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News and Articles by Diana



Tether

Tether launches tokens on the Polkadot blockchain

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Tokens based on Polkadot have been released by the largest stablecoin, Tether (USDT). Polkadot is one of the most well-liked ecosystems on which Web3 applications are based, according to the USDT issuer in a statement. Tether chose to launch stablecoins on this blockchain to provide their users...

NFT

The number of NFT holders grew by more than 30% in three months

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The NFT market has expanded significantly over the past two years. The number of holders of tokenized collections continues to grow despite the dominance of bearish sentiment in the cryptosphere. The development of the NFT industry has forced some governments to create an infrastructure for digital...

Brazil

Brazil to check exchanges for compliance with anti-money laundering laws

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In connection with a money laundering probe, six cryptocurrency exchanges' operations have been under scrutiny since last Thursday by Brazilian law officials. The nation's officials claim that both people and businesses might use digital currency to legitimate illegal earnings and avoid paying...

Bank of America

Bank of America calls for considering crypto as a class of risky assets

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Cryptocurrencies should be viewed as risky assets, Bank of America said in a report. Bank analysts are skeptical about the medium-term prospects for bitcoin and other virtual currencies. Back in the middle of summer, Bank of America recorded a weakening in investor interest in an innovative tool....

Israel

The first crypto exchange registered in Israel

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In November 2021, the Israeli authorities introduced mandatory licensing of crypto companies. Blockchain startups and bitcoin exchanges must register with the Capital Markets Authority database to operate legally on the domestic market. The first crypto exchange received a license from the Israeli...

Coinbase

Coinbase used its reserves to speculate in the market

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The American exchange Coinbase used its financial reserves for speculation in the cryptocurrency market. According to the Wall Street Journal, the company was trading through its risk management division. Last year, Coinbase hired four traders from Wall Street. This team was engaged in investments...

Estonia

The first crypto company received a license from the Estonian authorities

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Estonia stopped the registration of bitcoin businesses in the fall of 2021 and revoked all of their permits. A new registration procedure for businesses that represent the blockchain sector began this year. Striga was the first group to be granted such a permit. According to the Financial...

Crypto legions

Crypto Legions V3 Play-to-Earn Game Is Set to Launch on BSC Network

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Crypto Games Agency, Play-to-Earn specialists and creators of Crypto Legions, is gearing up for an exciting start of their new game on Tuesday, Sept. 27, 2022. Both the game and token will launch together at release on BSC Network. After placing themselves among the top play-to-earn games on BSC...

Bitcoin

Bloomberg recorded a growth in correlation between BTC and the S&P 500

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At the end of August, the dependence of bitcoin on the US stock market decreased. However, already in September, the trend changed, and Bloomberg analysts drew attention to the increased correlation between BTC and the S&P 500 index. The correlation coefficient rose to 0.72 points, but it is...

Jamie Dimon

Jamie Dimon again criticized bitcoin

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JPMorgan CEO Jamie Dimon has been critical of bitcoin and other digital currencies over the past few years. The day before, during a speech in Congress, the banker confirmed his negative attitude towards the innovative tool. At the same time, Dimon acknowledged that stablecoins backed by the US...

Solana

Solana surpassed Ethereum in terms of the number of transactions

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Ethereum (ETH) ranks first in the blockchain ranking in terms of the number of deployed decentralized applications (DApps). However, the Solana network was able to bypass ETH in terms of user activity, the Nansen team said in a report. The researchers found that in the second quarter of 2022, the...

etc

Ethereum Classic network power skyrocketed by 280% after Merge fork

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The hashrate of the Ethereum Classic network has been growing since the end of July. The increase in capacity was the result of the arrival of miners who left Ethereum due to the upcoming Merge fork and ETH’s refusal of the PoW consensus in favor of PoS (Proof-of-Stake). The explosive growth in...

regulation

CCI CEO backs US government plans for crypto regulation

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Representatives of the American crypto business insist on the speedy legalization of the blockchain industry. Companies use a variety of channels to communicate with the government and Congress, including lobbying groups. According to the CEO of the Crypto Council for Innovation, Sheila Warren,...

Cryptocurrencies

Cryptocurrencies drop in price after successful Ethereum upgrade

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The developers have successfully upgraded Ethereum, however, the network’s underlying asset, Ether (ETH), is reacting negatively to the Merge fork. The largest altcoin has fallen over 8% to $1459 in the last 24 hours. Every week, ETH's capitalization fell by almost 14% to $178.884 billion....

Gary Gensler

The SEC will offer a flexible format for registering cryptocurrencies

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The SEC recommends a flexible approach to registering digital tokens as securities. A similar statement is contained in the transcript of the forthcoming speech of the head of department Gary Gensler before the US Senate. "I instructed the team to devise a technique to permit the trading of...

Ethereum Classic

Ethereum Classic hashrate soared by 200% in a month

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The computing power of the Ethereum Classic network has been growing over the past few weeks. Analysts attribute this trend to the connection of miners who left Ethereum before the Merge fork. Within a month, the ETC hash rate soared over 200% from 30 terahesh per second (Th/s) to 66 Th/s....

Canada

Canadian opposition led by supporter of bitcoin legalization

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Over the past few years, the Canadian authorities have been considering options for the phased legalization of the cryptocurrency market. Last summer, the country's central bank announced that it was impossible to ignore the blockchain industry. It has accumulated large capital and needs...

Taxes

Understanding Cryptocurrency Taxes

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In countries like the U.S., cryptos like Bitcoin and Ethereum are regarded as ‘property’ for tax considerations. When you sell, trade, or otherwise get rid of your cryptocurrency in whatever way, you are more likely to incur capital gains and capital losses on your investments in crypto, just...

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