Crypto Blog — Page 8 of 17
In-depth crypto education, investment guides, and market commentary.
401 total posts
South Korea watchdog says $40 billion giveaway shows new rules needed to tackle crypto risks
Implications for the Crypto Market The Bithumb incident, where a technical error resulted in the exchange mistakenly sending bitcoins to its users, highlights the potential risks and vulnerabilities of the cryptocurrency market. With the market still largely unregulated, such incidents can have major consequences for b
Vietnam to tax crypto like stocks with 0.1% trading levy: Report
Proposed Crypto Tax in Vietnam The Vietnam Finance Ministry has recently proposed a new tax on crypto transfers in the country. This proposal has caused quite a stir in the crypto community, with many questioning the potential impact on the industry. What the Proposed Tax Entails According to the proposal, a 0.1% tax w
China Enacts Fresh Crypto Crackdown
New Regulations for Cryptocurrencies in China The Chinese government has been taking a strict stance on digital assets, with the recent crackdown on cryptocurrency mining and trading. Now, the PBOC is set to extend its regulatory reach over the sector with the new mandate. This move is in line with China's efforts to m
ARK offloads $17 million of Coinbase, adds $18 million of Bullish amid crypto rout
COIN Tumbles as Crypto Market Continues to Plunge The cryptocurrency market has been in a downward spiral, with major coins such as Bitcoin, Ethereum, and Litecoin experiencing significant losses. COIN, the ticker symbol for Coinbase, has also been hit hard by this market downturn. Bitcoin Hits Lowest Value Since Novem
Crypto exchange Gemini plans to lay off up to 200 staff, exit Europe and Australia
Gemini Space Station's Restructuring Plan Gemini Space Station has announced a major restructuring plan that will see the cryptocurrency exchange cut up to 200 jobs globally. This decision comes as part of a broader effort to reduce costs and streamline operations. The exchange will now focus solely on operating in the
Binance Denies Fake Cease-and-Desist Claim Amid Bankruptcy Rumors
Rumors of Financial Issues and Cease-and-Desist Letter Denied by Binance Binance, the leading cryptocurrency exchange in the US, has recently been hit with rumors about its financial troubles and an alleged cease-and-desist letter from regulatory authorities. However, the exchange has come out to strongly deny these cl
TRM Labs hits unicorn status in $70 million fund raise with Goldman's participation
Cryptocurrency Tracking Made Easy with Blockchain Analytics Blockchain analytics is an essential tool for anyone involved in the world of cryptocurrency. With the rapidly growing popularity and adoption of cryptocurrencies, it has become crucial to have a way to track and trace transactions in order to prevent fraud, m
Crypto.com Unveils US Prediction Markets Platform as Legal Pressure Mounts on Rivals
OG Platform Launches Amidst Regulatory Pressure As the cryptocurrency market continues to grow, the demand for reliable and secure trading platforms has also increased. In response, Crypto.com has launched its standalone platform, OG, which offers advanced trading features and enhanced security measures. With the launc
DeFi doyen Stani Kulechov buys $30 million mansion in London's Notting Hill: Bloomberg
The purchase was made possible through a collaboration with blockchain-based real estate investment platform RealT, which tokenizes properties and allows investors to buy fractional ownership. Tokenizing Real Estate with RealT RealT uses the Ethereum blockchain to create tokens representing ownership of real estate pro
Exclusive: Iran's surging crypto activity draws US scrutiny
Crypto Platforms Under Scrutiny The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating whether certain crypto platforms have been used by Iranian officials to evade sanctions, according to Sasha Fleyshman, a blockchain researcher at New York-based cryptocurrency analytics firm Cha
Nomura temporarily reduces crypto exposure as Q3 profits drop
Nomura's CFO Reaffirms Commitment to Digital Assets Crypto Tickers: BTC, ETH, LTC Trending Hashtags: #digitalassets #cryptoinvesting In a recent statement, Nomura's CFO, Hiroyuki Moriuchi, addressed the company's stance on digital assets. Despite the volatile nature of the market, Moriuchi reaffirmed Nomura's long-term
US Treasury sanctions Iran-linked crypto exchanges for first time
Sanctioned Crypto Exchanges: - BTSE (Bitcoin Total Return Swap Exchange) - Exir The US Treasury's Office of Foreign Assets Control (OFAC) designated the two exchanges for allegedly facilitating transactions involving ransomware attacks, as well as laundering funds for the Iranian government. OFAC Designation: - Ransomw
Regulatory Breakthrough: SEC-CFTC Coordination Marks Turning Point for US Crypto Markets
Securities and Exchange Commission (SEC) Chair Gary Gensler has emphasized the need for a comprehensive regulatory framework for the crypto industry, stating that it is currently operating in a "Wild West" environment. Regulatory Progress: The SEC and other U.S. regulators, including the Commodity Futures Trading Commi
Silver plummets 15%, gold falls 7% — dragging down miners and ETFs
The Impact of the Precious Metal Market Crash The sudden drop in gold and silver prices has sent shockwaves through the financial world. Investors are scrambling to make sense of the situation and determine what actions to take in response. What Caused the Precious Metal Market Crash? There are several factors that hav
U.S. SEC, CFTC chiefs push united front on paving the way for crypto
Harmonization Event: CFTC and SEC Join Forces The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) recently held a joint event to showcase their commitment to working together. This event, led by new CFTC head Mike Selig, highlighted the agencies' efforts to harmonize their regul
Bybit to launch retail bank accounts with personal IBANs in February
My Bank Accounts Now Available on Bybit Exchange What are My Bank Accounts? Bybit, a popular cryptocurrency exchange, has recently announced the launch of its new feature called "My Bank" accounts. These accounts aim to provide users with a more convenient and user-friendly way to manage their fiat and cryptocurrency a
South Korea regulator backs ownership caps for crypto exchanges
Negotiations Continue for Digital Asset Basic Act: The Financial Services Commission (FSC) chief, Eun Sung-soo, stated that negotiations are still ongoing for the Digital Asset Basic Act as lawmakers work towards a mid-February deadline. The act aims to provide a legal framework for cryptocurrency and blockchain indust
UK bans Coinbase ads that ‘trivialized' crypto risks: Report
The Controversial Ad The ad, which was initially released in December 2020, features a man walking through a desolate and run-down UK as he sings about the potential of cryptocurrency. However, the ad received backlash for its negative portrayal of the UK and its lack of regulation in the crypto space. #CoinbaseAd #Cry
South Korea's central bank flags FX risks as lawmakers debate stablecoin issuance
Potential Impact on Crypto Markets The ongoing debate over stablecoins in South Korea has the potential to impact the overall crypto market, particularly in terms of market sentiment and regulation. With South Korea being one of the largest crypto markets in the world, any changes or restrictions on stablecoins could h
Report: Russia Designates Ukrainian Crypto Exchange as ‘Undesirable' Organization
WhiteBIT banned in Russia The Russian government has recently declared WhiteBIT, a Ukrainian crypto exchange, as an “undesirable organization.” This ban effectively prohibits any of the company’s operations within the country and criminalizes any involvement or association with the exchange. This development has caused
Japan to Allow Crypto ETFs by 2028 as Asia Competition Heats Up
Japan's Crypto Adoption on the Rise Japan has long been known as a leader in the world of cryptocurrency, with major players like Bitcoin and Ethereum gaining significant traction in the country. Now, with the government's announcement to legalize crypto ETFs, Japan is taking another step towards solidifying its positi
The big U.S. crypto bill is on the move. Here is what it means for everyday users
Impact on Crypto: The crypto market is closely tied to government regulations and policies, making it important for crypto traders and investors to stay updated on any potential changes. With Congress constantly introducing new bills and discussing regulatory measures, it's important to keep an eye on the following tic
Tokenized U.S. Treasuries ride strong institutional interest to $10 billion total value record
Why Tokenized U.S. Treasuries are Booming The world of cryptocurrency is constantly evolving, with new trends and innovations emerging every day. One of the latest developments to take the market by storm is the rise of tokenized U.S. Treasuries. These digital representations of U.S. government debt have seen a surge i
U.K. FCA moves closer to crypto regulation with final consumer duty consultation
Understanding the UK's Crypto Regulations Cryptocurrency is a rapidly growing industry, attracting attention and investment from all over the world. With its decentralized nature and potential for high returns, it's no surprise that many individuals and companies are getting involved in the crypto market. However, with