Cryptocurrency News

During an interview with CNBC program Squawk Box, US Secretary of the Treasury Janet Yellen said crypto has a major role in investment decisions for Americans. Yellen restated her concerns towards digital assets viewing them as a threat to financial stability. Also, she mentioned the need to...

Despite all the calls from the industry, India passed crypto tax laws, according to which Indians will pay a 30% tax on profits from cryptocurrency transactions starting from April 1. Moreover, apart from already high tax, traders will have to pay 1% tax deducted at source (TDS), while the law...

On March 10, prosecutors in Munich accused the former CEO of bankrupt German fintech firm Wirecard, Markus Braun, of fraud, breach of trust, falsified accounts, and market manipulation. He faces up to 15 years in prison. Initially released on bail in June 2020, Brown was re-arrested in July of that...

The crypto sector regulations bill MICA (Markets in Crypto Assets) is entering the next phase of discussions without the point that offered to ban the use of BTC and other cryptos that use Proof-of-Work algorithm, and require electricity for their operations. On March 14, The EU legislative branch...

Video game publisher Epic Games will donate Fortnite revenue generated from March 20 to April 3 to humanitarian aid to Ukraine. As of March 22, the company has raised $50M. The money will be transferred to organizations that provide medical, legal, and other assistance to people affected by the...

Texas-based major oil and gas corporation Exxon Mobil is processing a pilot program using natural gas surplus to fuel crypto mining processes. A Bloomberg news article, citing people standing close to the subject, says the company considers doing the same in different places worldwide. Exxon Mobil...

The German authorities periodically urge citizens of the country not to invest in digital currencies. Regulators point to bitcoin's volatility and warn people that they could lose their money. However, the results of sociological surveys show that the Germans, on the contrary, continue to massively...

Leading Israeli bank Leumi will become the first Israeli bank to allow crypto trading. The digital investment app of the institution, Pepper Invest will provide the possibility in partnership with blockchain technology company Paxos. According to the Israeli media portal Ice, crypto trading will...

El Salvador’s president Nayib Bukele met Binance founder and CEO Changpeng Zhao (CZ), Mexican billionaire businessman Ricardo Pliego, and other entrepreneurs. Previously, an article by Reuters said the Salvadoran government plans to turn to Binance for its execution of Bitcoin as legal tender and...

Pavel Zavalny, the head of the Russian Gas Society, said the country allows the possibility of accepting Bitcoin as a means of payment for the export of natural resources. In a press conference, he suggested that the conditions of export may be different for various countries depending on their...

The Japanese company Line, the operator of the messenger of the same name, announced the launch of the NFT marketplace on April 13, 2022. The LINE NFT platform was created based on LINE Blockchain's network. Users will store assets in the BITMAX Wallet. It is planned that at launch, more than 100...

The surge in investor activity in the cryptosphere at the beginning of the week turned out to be short-lived. The largest digital currency fell below $42,000 again and pulled almost all major altcoins with it. Today's trading in Asia took place mainly in the green zone, which had a positive effect...

The Bank of England is set to sketch the first regulatory framework for crypto. According to the institution, the industry could pose risks to financial stability without being unregulated. The Bank mentioned that although the sector is still small, it sees rapid growth. Discussions over crypto...

The founder of the well-known NFT project NeoNexus, Jack Shea, announced the termination of a startup operating based on the Solana blockchain. The man stated this on his official Twitter account, noting that the main reason for such a sharp decision was the sudden drop in prices for the SOL...

Beginning in December 2021, the Thai Securities and Exchange Commission announced the preparation of a new regulatory framework that would regulate the digital asset industry. According to reports, among the main tasks that the agency has set for itself is the definition of so-called “red...

The US Senate considers adopting a bill that as it describes would mitigate risks to the US financial system that it finds may come from El Salvador's adoption of BTC as legal tender. Senators Jim Risch, Bob Menendez, and Bill Cassidy introduced the act on February 16. The bill would require...

The Chairman of the Federal Reserve, Jerome Powell believes that digital innovation won't go away, so there is a need for new regulations. In a virtual summit held by the Bank of International Settlements, Powel said that Distributed Ledger Technology and decentralized finance have the potential...

Florida Gov. Ron DeSantis has signed legislation to introduce financial literacy programs in high schools, including on issues related to cryptocurrencies. During the press conference, the official said that the legislature did not support his initiative to allocate funding for “blockchain...