Cryptocurrency News

The new decree issued by the government of Argentina presents taxation rules for crypto transactions. It states the modifications aim to ensure that there is equal tax treatment for Payment Service Providers (PSP) and ensure fiscal sustainability. For that purpose, the country needs to limit...

A study by CoinShares says that last week, hedge funds invested about $ 151 million in crypto-focused products. Thus, under the control of institutions, there are now cryptocurrencies worth a record $ 56 billion. Since January 2021, financial institutions have invested $ 6.5 billion in digital...

The venture capital arm of the KuCoin cryptocurrency exchange announced the creation of a $ 100 million fund. The structure will provide funding for projects focused on the creation of the metaverse. The funds will go to early-stage startups from emerging economies, primarily from Africa and South...

ConsenSys, a specialist in solutions for the Ethereum ecosystem, has closed a $ 200 million funding round. Investors including HSBC, Marshall Wace, and Coinbase Ventures have valued it at $ 3.2 billion. The company will use the funds raised to develop the Infura infrastructure platform and the...

Prime Minister of India, Narendra Modi tweeted about the crypto sphere saying democratic nations must team up to work on the industry together, and make sure that crypto doesn't appear in the wrong hands. Otherwise, it will spoil the youth, the politician wrote. Modi expressed his opinion during...

Surging by over 72% in the last 7 days, the native token of the decentralized protocol Crypto.com Chain, CRO reached a new all-time high of $0.59. The company standing behind the development of the chain is the financial services company Crypto.com. CRO managed to set a new record while prices of...

The government of the People's Republic of China intends to impose harsh penalties on government agencies that continue to mine digital assets in the short term. The authorities want to speed up the process of the complete eradication of cryptocurrencies from all areas of activity. As of today, the...

Blockchain-based payment protocol that developed the XRP coin, Ripple, published its vision of how the crypto industry must be regulated. The team sees the necessity to build a new regulatory system. In the release titled "A Real Approach to Cryptocurrency Regulation", the firm says the...

The Israeli authorities have decided to tighten control over companies representing the cryptocurrency industry. Local startups and bitcoin exchanges are required to obtain a license granting the right to operate on the domestic market. Such enterprises must be registered in a special state...

Over the past few months, investors have been withdrawing Ether (ETH) from cryptocurrency exchanges. Moreover, the outflow is observed both from retail traders and large holders of altcoins. Whales have been sending Ether for offline storage since January 2021. However, a sharp decline in the...

SAND, the native crypto of the crypto gaming network The Sandbox, hit a new all-time high of $3.61. It is an ERC 20 token used for transactions, staking, and governance, launched in August 2020. As for the Sandbox platform, its launch took place in May 2012. The game, owned by blockchain...

Against the background of tightening KYC requirements, the Bitcoin exchange Binance has lost only 3% of users, and cooperation with regulators is already bearing fruit. The head of the company Changpeng Zhao spoke about this in an interview. Binance bought back an ad in the Financial Times this...

Allianz Asset Manager's Chief Economist Mohamed El-Erian was able to make money on Bitcoin after the 2018 crypto winter but sold the coins too early. According to the economist, he acquired a certain amount of bitcoins during the 2018 crypto winter, when the price of the coin dropped to almost $...

In a Monday interview, Twitter’s top financial manager Ned Segal said that at the moment the firm doesn't find it beneficial to invest corporate capital in BTC or other crypto. As the CFO says, instead of investing in volatile currencies, Twitter needs to add more stable assets like securities to...

The US president Joe Biden signed a $1.2 trillion infrastructure bill that includes crypto regulation rules. According to the new law, digital currency transactions exceeding $10.000, must be reported to the Internal Revenue Service. The bill was first introduced in August this year, stating that...

Marathon Digital Holdings, a mining company, listed on the Nasdaq, will place convertible bonds with a par value of $ 500 million. The received funding will go towards the purchase of bitcoin and equipment for its production. Debt instruments maturing on December 1, 2026, will be offered to...

Chairman and CEO of AMC Theatres, Adam Aron announced that in 60-120 days, visitors will be able to pay for tickets and concessions via Shiba Inu (SHIB). The executive said that crypto payment service provider BitPay agreed to support the token meeting his request. Attention #SHIBArmy: Our friends...

Investment firm Paradigm has announced the launch of a new $ 2.5 billion venture fund to support "next-generation" cryptocurrency projects. The company called cryptocurrencies "the most exciting technology frontier." Digital assets have come a long way over the past decade,...