Latest Blockchain and Crypto News
Sirin Labs founder arrested in Israel on suspicion of fraud
In Israel, the founder of ICO startups Sirin Labs, Stx Technologies Limited (Stox), and Leadcoin Moshe Hogeg was arrested on suspicion of cryptocurrency fraud, money laundering, and sexual crimes. The entrepreneur also owns one of the leading football clubs in the country, Beitar (Jerusalem). Along...
Time Magazine Partners With Galaxy Digital and Buys ETH
Established news provider Time and tech-focused finance services firm Galaxy built a partnership, in terms of which Time will release informative content about metaverse (shared virtual environment) and receive payments in Ethereum (Ether). All transactions will be managed on the Ethereum...
US government will replenish budget through confiscations of crypto
The Internal Revenue Service (IRS) plans to recover billions of dollars worth of cryptos in delinquent claims next year. During the 2021 fiscal year, the department replenished the treasury under this item by $ 3.5 billion. This is the equivalent of 93% of all seized assets in illegal...
Peru central bank announced the launch of its own token
Many states have already announced plans to create national digital currencies (CBDCs). In addition to the CBs of China and Sweden, many other regulators from Europe and Asia have issued a series of statements of intent over the past two years to introduce tokens pegged to fiat currencies. The...
Hillary Clinton Says Crypto Is a Great Treat To States
During her interview with Bloomberg Policies, former US Secretary of State, Hillary Clinton talked about the crypto industry and how in her opinion, the advancement of technology treats nations' stability. Talking about technology, the politician said one of the areas that nation-states got to pay...
ConstitutionDAO loses auction for rare US Constitution
On Thursday, November 18, an unknown buyer bought a historically valuable copy of the US Constitution at Sotheby’s auction for $ 43.2 million. The DAO, specially created by a group of crypto investors to buy the artifact, could not outbid his bid. A week before the auction, enthusiasts launched...
BTC Falls Below $56.000, While AVAX and SAND Hit New ATHs
This week, the Bitcoin price saw a decrease, setting a three-week law of nearly $55.700. Ethereum and most cryptocurrencies also faced decline. Currently, Ether trades at around $4.000, down by around 14% in the last seven days. A major reason for the market sell-off is new crypto regulatory rules...
Oasis Foundation launches $160 million development fund
The non-profit Oasis Foundation has launched a $160M fund to finance developers of Dapps powered by the Oasis Network, including DeFi, NFT, and the metaverse. The fund will also invest in companies involved in tokenization and data management, develop privacy applications and create projects in the...
Argentina Starts Taxing Crypto Transactions
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...
Institutional investors have invested $6.5B in crypto funds in 2021
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...
KuCoin launches $100M Metaverse investment fund
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...
Binance Smart Chain Set a New record of Daily Transactions
This month, Binance Smart Chain has updated previous highs of two chain metrics. First, the number of active users surpassed 2 M for the first time on November 4. Then, on November 16, transactions across BSC hit a new record of 14,758,407. Overall, this is the highest number of activities that any...
ConsenSys raised $200 million at an estimate of $3.2 billion
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...
Democratic Nations Must Work on Crypto Together: India's PM
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...
Crypto.com Grows, CRO Hits a New All-Time High
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...
China to begin to fine state-owned companies continuing BTC mining
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...
Ripple Released Its Approach to Crypto Regulation
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...
Israel introduced compulsory licensing of crypto companies
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...
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