Search
Security Concerns and High Transaction Costs Top Obstacles to Mainstream Web3 Adoption: Report
22.2.2024
Web3 is ripe for mainstream adoption but there are still a few challenges that need to be addressed before onboarding next billion users onto the next generation of internet built on the blockchain technology, as per a recent survey report by Web3Auth.
The post Security Concerns and High...
AI & Crypto collide? OpenAI seeks $7T for Sora AI
22.2.2024
Sam Altman, the Chief Executive Officer of Open AI, said that they are targeting to raise $7 trillion in funding for Sora, a text-to-video model. Sora basically creates a video based on the verbal prompt. Sam plans to utilize the funds to design and manufacture chips for the model. What has sparked...
XRP Price Prediction as $1.3 Billion Comes In – $10 XRP Possible in 2024?
22.2.2024
The XRP price has risen by 1% in the past 24 hours, reaching $0.546 again as the crypto market enjoys a 2% gain today.
The post XRP Price Prediction as $1.3 Billion Comes In – $10 XRP Possible in 2024? appeared first on Cryptonews
South Korea’s KODA Sees 248% Growth in Crypto Assets Under Custody in Second Half of 2023
22.2.2024
Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has seen a remarkable growth in crypto assets under its custody.
The post South Korea’s KODA Sees 248% Growth in Crypto Assets Under Custody in Second Half of 2023 appeared first on Cryptonews
Analysts identify top crypto performer set to lead bull run, surpassing Solana and Ethereum
22.2.2024
The cryptocurrency market is currently riding on a huge wave of optimism, driven by remarkable price surges observed in two of its most prominent players: Ethereum (ETH) and Solana (SOL). Both tokens are experiencing massive growth, but analysts agree that a newcomer can easily surpass them...
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
22.2.2024
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law
Coinbase: Over Half of Finance-Savvy Singaporeans Own Crypto and View it as Future of Finance
22.2.2024
More than half of finance-savvy Singaporeans have embraced cryptocurrency and consider it the future of finance.
The post Coinbase: Over Half of Finance-Savvy Singaporeans Own Crypto and View it as Future of Finance appeared first on Cryptonews
South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders
22.2.2024
South Korea's most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency
Nigeria Asks Telcom Firms to Restrict Access to Binance, Coinbase Websites – Here’s Why
22.2.2024
Crypto exchange behemoths are facing serious scrutiny in Nigeria, as the country aims to clampdown crypto transactions. The government has directed telcoms to prevent access to crypto websites such as Binance, Coinbase and OctaFX.
The post Nigeria Asks Telcom Firms to Restrict Access to Binance...
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
22.2.2024
The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets
Privacy Coins Under Attack – Not Down for the Count Yet
22.2.2024
The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape...
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering
22.2.2024
Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) to the US Securities and Exchange Commission on Tuesday.
The post Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering appeared first on Cryptonews
Bitcoin Back Over $51K, Crypto Market Recovers as Nvidia's Earnings Rejuvenates AI-Tokens
22.2.2024
The haphazard price action caused over $200 million in liquidations of crypto-tracked futures, of which $150 million were longs, or bets, against higher prices
Why Finland Could be Europe’s Next Crypto Mining Giant
22.2.2024
Finland is emerging fast as an attractive place for crypto mining due to its relatively cool climate, which helps with cooling mining rigs, and its abundant renewable energy sources.
The post Why Finland Could be Europe’s Next Crypto Mining Giant appeared first on Cryptonews
South Korean Province Collects $4.6M in Back Taxes Using Crypto Tracking System
22.2.2024
South Korean province of Gyeonggi is using a nuanced crypto tracking system to claw back unpaid taxes. So far, the province has collected $4.5 million in taxes from delinquents using the crypto tracking system.
The post South Korean Province Collects $4.6M in Back Taxes Using Crypto Tracking System...
South Korean Province Collects $4.6M in Taxes Using Crypto Tracking System
22.2.2024
South Korean province of Gyeonggi is using a nuanced crypto tracking system to claw back unpaid taxes. So far, the province has collected $4.5 million in taxes from delinquents using the crypto tracking system.
The post South Korean Province Collects $4.6M in Taxes Using Crypto Tracking System...
Beyond Bitcoin: Ripple CEO Says Approval of Multiple Crypto ETFs ‘Inevitable’ — Embraces Idea of Spot XRP ETF
22.2.2024
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,”...
‘Western Agencies Using Crypto to Fund Spies in Russia,’ Lawmaker Claims
22.2.2024
Spies and “agents” from Western countries are using crypto to fund their operations, a leading Russian lawmaker claimed.
The post ‘Western Agencies Using Crypto to Fund Spies in Russia,’ Lawmaker Claims appeared first on Cryptonews
Fundstrat’s Tom Lee Anticipates Bitcoin Hitting $150K This Year — Calls BTC ‘Sound Money’
22.2.2024
Fundstrat’s head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast. Describing bitcoin as “sound money,” he emphasized...