Latest Blockchain and Crypto News

The government of South Korea put off taxes on crypto earnings to 2025, according to the 2022 tax reform plan. Officials delayed the plans before. In December they announced postponing taxes until 2023. The government plan to tax 20% crypto profits over KRW 2.5 million (US$1,900) in a one-year...

Bitcoin proponent Mike Novogratz believes that the fall in the value of digital currencies was the result of his flood of alarmists and losers. Those companies and funds that collapsed in May and June were created as dubious and speculative projects that attract investment. This “bunch of...

The Polygon team introduced the first EVM-equivalence zero knowledge Layer 2 scaling solution, zkEVM. It allows building on Polygon the same way as on Ethereum. Through zkEVM, developers can deploy smart contracts and use all the tools that operate on Ethereum. A blog post by Polygon says the...

Miami-based startup Halborn closed a $90 million Series A funding round. The lead investor was Summit Partners with the participation of Castle Island Ventures, Digital Currency Group, and hedge fund Brevan Howard. The startup did not disclose its valuation for the round. Halborn chief executive...

The second quarter of 2022 was tough for the electric car producer Tesla, which reported a drop in profit after a previous shutdown of its Shanghai factory. Tesla reported that at the end of Q2, they converted about 75% of the Bitcoin purchases into fiat. Reports show that Tesla's second-quarter...

U.K. financial regulators are proposing rules on stablecoins. Financial services and markets bill will be presented to parliament. Previously, in April, the U.K. Treasury announced goals to turn the country into a crypto hub. The new rules would allow consumers to make payments with stablecoins....

Indian Finance Minister Nirmala Sitharaman reaffirmed her department's tough stance on digital currencies. Back in April, she expressed concern that cryptocurrencies were often used in criminal schemes. The Ministry of Finance and the Reserve Bank of India believe that bitcoin cannot be used as a...

The terms yield farming, staking, and minting are all very well-known in the world of DeFi and have attracted a lot of attention lately. And with these DeFi opportunities, your portfolio can flourish and develop into something truly amazing. These three methods used in DeFi effectively produce...

Another 68 people were fired by the leadership of the Gemini crypto exchange. Thus, the number of employees of the company was reduced by about 7%. This is the second phase of the reduction of the platform staff. Two months ago it became known that Gemini was among the crypto companies that were...

In the last 24 hours, the Bitcoin price increased by about 8% and currently hovers over $23,500. Data from Bitcoin sentiment analytics website Alternative.me shows that the BTC Fear Greed Index went up from 21/100 to 31/100. Thus, Bitcoin has left the Extreme Fear zone, where it was since May....

Massachusetts Senator Elizabeth Warren periodically appeals to the authorities of her country with a call to establish control over the digital currency market. In an interview last Monday, she said that Congress and the SEC (Securities and Exchange Commission) should take the toughest possible...

The Congress of the US wrote a letter to the presidential administration related to crypto mining and its impact on surroundings. Democratic lawmakers questioned seven crypto mining firms about the energy they use. Reports show that miners are consuming essential amounts of electricity. Seven of...

Ether (ETH) proved to be one of the most successful altcoins this week. The coin has risen in price by 39% over the past seven days to $ 1519 - this is the maximum value since June 12. Last night, ETH briefly broke above $1600, but did not hold the position in this area and retreated....

Edward Dowd, ex officer at leading management corporation BlackRock, finds that Bitcoin will enter everyone's wallet. In a recent interview, he said Bitcoin may beat gold if it keeps maturing. According to Dowd, the cryptocurrency may achieve that due to its ability to be traded digitally and other...

In May and June, miners sold most of the mined bitcoins. A study by Arcane Research says that just last month, mining companies sold almost 25% of the total amount of accumulated cryptocurrency. Over the past few weeks, they have sold about 14,600 BTC - almost four times more than in May, the...

In the last 24 hours, the overall cryptocurrency market cap increased by around 0.4%, reclaiming $1 trillion. This indicator set a record high in the fourth quarter of the last year, hitting $3 trillion. Currently, Bitcoin trades at around $21,700 with a market cap of over $416 bln. Ether's price...

Bitcoin (BTC) starts the new week with a slight bounce. For the first time since June 8, the largest digital currency exceeded $22,000. At the time of publication of this review, it was trading at around $22,230. Altcoins on Monday, July 18, demonstrate multidirectional dynamics. Ether (ETH) and...

De Nederlandsche Bank fined Binance $3.4 M in the country for offering services while not being registered. A statement by the regulator says Binance took advantage of not paying taxes to the bank and escaping regulation payments. The authority says Binance had been violating the rules for a while,...