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Brazilians may soon need to stump up taxes on crypto held abroad
30.11.2023
The new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income
SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny
30.11.2023
Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December...
Binance will end support for BUSD stablecoin in December
29.11.2023
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31
Biggest Crypto Gainers Today on Uniswap – KAP, DOGE-1
29.11.2023
Uniswap logo Blue-chip cryptocurrencies are consolidating close to recent highs, with Bitcoin (BTC) having once again challenged year-to-date highs earlier in the session in the $38,400s. The world’s largest cryptocurrency by market capitalization was last trading in the $37,800s, roughly flat...
Binance to End Support for BUSD Stablecoin, Remaining Balances Converted to FDUSD
29.11.2023
Binance ends BUSD support and transitions to FDUSD stablecoin after regulatory troubles. Image by maurice norbert, Adobe Stock. Major cryptocurrency exchange Binance announced today in a blog post that it will end support for its Binance USD (BUSD) stablecoin on December 15. The move comes after...
Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Clients
29.11.2023
The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to withdraw approximately 72% of their cryptocurrency...
NFT sales and pricing are driven by luck, scarcity, and optimism, according to multiple studies
29.11.2023
A glut of new research indicates that personal experiences may be the NFT market’s primary mover
Poloniex to Resume Withdrawals Starting With TRX After $100M Hack
29.11.2023
Poloniex is resuming operations following a recent hack of exchange hot wallets. Image by Rafael Henrique, Adobe Stock. Cryptocurrency exchange Poloniex announced today that it will begin gradually resuming withdrawal and deposit services starting November 30. This comes after the platform suffered...
ZKSpace Unveils Major Development: Expansion into BRC20 and Initial Plan for 2.0 Tokenomics Trilogy
29.11.2023
PRESS RELEASE. ZKSpace has recently announced two significant developments: its expansion into the BRC20 ecosystem and the unveiling of its Tokenomics 2.0 Trilogy. Expansion into the BRC20 Ecosystem: Background: Following the BTC network’s Taproot upgrade, the BRC20 ecosystem has gained...
Paxos Receives Approval To Issue Stablecoins In Abu Dhabi
29.11.2023
Source: Pixabay Crypto firm Paxos has secured two in-principle approvals from the Financial Services Regulatory Authority in the Abu Dhabi Global Market. The company said in a press release published on Wednesday that the approvals would allow Paxos to issue stablecoins and provide cryptocurrency...
How Do You Know If Crypto is Trustworthy? Find Out What’s At Stake.
29.11.2023
The scandals of recent years have taken a profound toll on the credibility and trust of the cryptocurrency sector. However, with the SBF trial behind us, Binance’s settlement with the DoJ, and the promise of a Bitcoin ETF creating a positive buzz in the markets, it feels like the industry...
AI-Focused Cryptocurrency Sector Expands by $2 Billion in Less Than 2 Weeks
29.11.2023
Recent market data reveals a significant surge in the AI-focused cryptocurrency sector, with its value ballooning by nearly $2 billion in just under two weeks. A major contributor to this growth is the token bittensor (TAO), which soared 86.5% in the last fortnight. AI Crypto Economy Rebounds...
Poloniex prepares to resume withdrawals after $100M hack
29.11.2023
Poloniex says it will start resuming deposits on Nov. 30 with Tron (TRX), the cryptocurrency of Justin Sun-founded Tron blockchain
Bitcoin Technical Analysis: BTC Bulls Attempt to Break Upper Resistance
29.11.2023
The price of bitcoin is hovering just above the $38K range after a bullish trading day on Tuesday following U.S. Federal Reserve Governor Chris Waller’s dovish speech. Bitcoin’s 24-hour range has been between $37,156 to $38,450 and it currently has a market capitalization of around...
SEC in Philippines: Binance is Operating Without a License – Here’s the Latest
29.11.2023
Source: Iryna Budanova/Adobe The Securities and Exchange Commission in the Philippines has warned users that cryptocurrency exchange, Binance is operating without the required license. In a Nov 28 press release, the regulator stated that the exchange lacks authorization to sell securities to...
‘Stagnant’ BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc’s Revenues in Q3
29.11.2023
Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the...
Ronaldo faces lawsuit over Binance promotion
29.11.2023
There is a big class lawsuit involving Cristiano Ronaldo, one of the most famous football stars in the world nowadays. In this case, plaintiffs, including Michael Sizemore, Mikey Vongdara, and Gordon Lewis, assert that they have suffered these financial losses due to having Ronaldo promote...
US DOJ Seizes $9 Million in USDT from Cyber Scam Organization, Tether to Onboard FBI
29.11.2023
Source: AdobeStock / Krakenimages.com The United States Department of Justice (DOJ) has seized nearly $9 million worth of USDT from an organization running pig butchering scams – with Tether’s help. According to the press release, the authorities traced the funds to cryptocurrency...
FlokiFi Locker achieved a TVL ATH of $107M
29.11.2023
Floki recently announced that its DeFi crypto locker protocol, FlokiFi Locker, has hit a TVL ATH of $107 million. The locker has over 2,000 wallets locked and is still counting. FlokiFi Locker, for the first time, has crossed the $100 million mark in TVL. The announcement was made on the official...
XRP Price Prediction as Analyst Points to Critical Trendline Break – Is a Major Bullish Move Imminent?
29.11.2023
Source: Bing Image Creator The XRP price has gained by 2.5% in the past 24 hours, rising to $0.615287 on a day when the cryptocurrency market has risen by 3.5%. Expectations of Fed rate cuts as soon as the first quarter of 2024 are the main driver of today’s positivity, with XRP now up...