cryptocurrencies News and Articles

The Australian government is developing regulations for the cryptocurrency sector. Treasurer Jim Chalmers announced that soon the country will introduce a public advisory paper on the subject. The framework called "token mapping" will be a priority to figure out which cryptos are used in...

Prices of cryptocurrencies started to decline again after a market rise for several days. In the last 7 days, Bitcoin dropped by 13.5% and now trades at around $21,200. Ether fell by 17% and trades at around $1,600. Global financial markets are unstable amid the growing inflation over the world. A...

London-based financial technology Revolut received approval from the Cyprus Securities and Exchange Commission to provide cryptocurrency services in the European Economic Area (EEA). The regulator awarded Revolut the status of a crypto-asset service provider. It's the first such license granted by...

Iran announced its first official import in crypto. Deputy Minister of the country's Industry, Mine, and Trade, Alireza Peyman-Pak tweeted that the first import order registration worth $10 M was made. He also mentioned that by the end of the next month, the use of crypto and smart contracts will...

International financial services company Wells Fargo released a new report on cryptocurrencies with the title "Understanding Cryptocurrency." The report says that crypto is a part of the digital revolution. Wells Fargo finds that cryptos could play an important role in the next digital...

US senators introduced a bill that suggests making cryptocurrency transactions under $50 tax-free. The authors of the paper are Sen. Patrick Toomey (R-Pa.) and Kyrsten Sinema (D-Ariz.) Previously, the Senate presented another bill to simplify the tax system for daily crypto users who should report...

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...

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....

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...

The Senate of Paraguay approved a bill related to crypto regulations. Earlier, in December, the Senate had voted for a bill, but later the lower house recommended some modifications. After this, the document was directed to the upper chamber again. Currently, the law is approved by both chambers,...

According to a report by the research solutions company Crunchbase, crypto financing fell in the first half of 2022. In that period, crypto companies generated about $9.3 bln in venture capital compared to the $12.5 bln of the last year. Meanwhile, the number of deal flow reached 534 from 456 in...

Digital assets brokerage and lending services provider Voyager, which applied for Chapter 11 bankruptcy recently, asked the court to honor user withdrawals from the custodian bank. A report by The Wall Street Journal says the company's filings show that they asked for a judge's approval to fulfill...

Kazakhstan’s president Kassym-Jomart Tokayev approved a new law that increases taxes on crypto miners based on the consumed electricity and costs. The law defines that the new tax rate is set by the medium rate of electricity used to mine cryptos during a certain tax period. Also, there are...

São Paulo-based financial services company PicPay plans to support crypto payments. The company published a blog post that says they aim to enable users to pay with cryptocurrencies for everyday services as the team believes crypto is much more than investments. Users will be able to store and...

Canadian businessman Kevin O’Leary predicts a crypto panic attack. Talking about crypto decline during an episode of "Meet Kevin", the executive said he doesn't believe that we have seen the bottom of the crypto market yet. According to him, the bottom will come when some of the “big...

The USA urged Japan to put pressure on the country's cryptocurrency exchanges and miners to cut links with Russian crypto operators as a part of Moscow's financial isolation. US diplomats made the request related to the officially licensed crypto exchanges that are operating in Russia. A report by...

The EU reached a deal on crypto regulations to stop illicit flows. A release by the organization says that the legislation is a part of the new anti-money laundering package and will be aligned with the Markets in Crypto-Assets (MiCA) conditions. The union of 27 countries will regulate the crypto...

Under Secretary for Terrorism and Financial Intelligence at the US Treasury, Brian Nelson said in an interview that crypto fraud is the highest priority among the sanctions on North America. Nelson told South Korea's business newspaper Mael Business Newspaper he believes that virtual currency fraud...