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Brazil’s Online Casino Sector’s Rising Trend of Crypto Payments


Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. In the ever-evolving landscape of online gaming in Brazil, cryptocurrencies are making a splash as a burgeoning payment method. With Brazil ranking 9th in the crypto adoption index, innovative...

Solana Unleashes Token Extensions to Enhance SPL Token Standard


On Wednesday, Solana Labs unveiled the launch of token extensions, marking a noteworthy advancement in the SPL Token standard. The blockchain network’s token extensions aim to provide a suite of solutions for businesses transitioning to distributed ledger technology, emphasizing security...

China Proposes Digital Yuan’s Accelerated Adoption in Beijing and Shanghai


China authorities have proposed new policies to accelerate the adoption of digital yuan in designated districts in Beijing and Shanghai. According to Xinhua, China State Council’s General Office has announced a comprehensive reform initiative for Shanghai’s Pudong New Area, scheduled to...

Tokenized Asset Coalition Expects Tokenization to Grow in 2024


The Tokenized Asset Coalition (TAC), a membership organization that promotes the institutional adoption of tokenization practices to bring real-world assets to the blockchain, has published its State of Tokenization report. The document explains that 2023 saw the birth of a tokenized risk curve...

Crypto Exchange OKX Upgrades McLaren Branding to Widen Reach


Digital asset exchange, OKX has increased its level of partnership with McLaren’s Formula 1 team citing more adoption and visibility.  In a recent post on its website, the company announced the updated agreement of its partnership with McLaren F1 2024 branding with the desire to gain more...

Google Cloud Joins Flare Network as a Validator, FLR Surges 37%


Courtesy: @FlareNetworks on X Google Cloud will serve as a validator for the Flare blockchain and contributor to the Flare Time Series Oracle (FTSO), the “blockchain for data” organization announced Monday. Google Cloud to serve a dual role “Data access at scale is important...

Venezuela’s Petro Cryptocurrency to Cease Operations on Jan 15


Source: RawBeautyPixels/Adobe Venezuela’s national cryptocurrency, the Petro (PTR), is set to cease operations on January 15. The Petro, introduced in 2018 with the goal of helping the country evade United States sanctions, failed to gain widespread adoption throughout its existence....

Navigating Spot Bitcoin ETFs in the US: What You Need To Know


In 2013 an entity affiliated with the Winklevoss twins sent the first application to The United States Securities and Exchange Commission (SEC) to create a spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC officially approved spot Bitcoin ETFs on Jan. 10 this year. It has taken over 10 years...

Worldcoin Hits New Record in Argentina, Adoption in India Still High


Source: Worldcoin Worldcoin has hit a new record in Argentina and released an update to the verification process. A spokesperson talked with Cryptonews about plans in 2024, Worldcoin surpassing the 5M-accounts milestone, the successful Shopify integration, and continued World App adoption in India...

Cryptocurrency and Taxes: A Guide for the 2023-2024 US Tax Season


Source: AdobeStock / Nuthawut If one thing in life is certain, it’s that we all have to pay taxes. Therefore, it’s important for cryptocurrency holders and investors to understand everything involved when it comes to crypto and taxes. This is becoming even more critical as digital assets gain...

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