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Optimism and Arbitrum flip Ethereum in combined transaction volume
11.1.2023
The two layer-2 networks processed more than 1.1 million transactions combined on Jan. 10
Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
8.1.2023
Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding...
Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions
7.1.2023
Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it is “modifying” its withdrawal policy, citing the crypto...
Venly eases the Avalanche NFT transactions for Shopify merchants
6.1.2023
Avalanche NFTS is, at the present point in time, obtainable for all of the millions of merchants linked to Shopify. This is achievable with the utilization of Venly Shopify NFT, which happens to be a merchant app. Through this, all of the connected merchants will be able to design, mint, and sell...
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
5.1.2023
According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of...
14th Anniversary of Bitcoin’s Genesis Block: A Look Back at the Birth of Cryptocurrency
3.1.2023
14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial...
Demand for Arbitration Filed Against Genesis Global Capital, DCG — Firm Accused of ‘Ochestrating a Sham Transaction’
3.1.2023
Three Gemini Earn users have accused Genesis Global Capital of breaching a contract and have subsequently filed a demand for class arbitration with the American Arbitration Association. In addition, the three users assert that all transactions “constituted unregistered sales...
Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular
3.1.2023
Total transactions on the Ethereum network outstripped Bitcoin more than four-fold, but Bitcoin was still the most searched cryptocurrency of 2022
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network
31.12.2022
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to invite banks and fintech companies to join the trials. Turkey to Widen...
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
30.12.2022
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to...
Central Bank Digital Currency: Turkey's Central Bank Conducts First Transactions of Digital Lira – Will Other Countries Follow Suit?
30.12.2022
The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira.
The country's central bank issued a press release on December 29, stating that,
"In the scope of the first-phase studies of the Digital Turkish...
70% of unregulated exchange transactions are wash trading: NBER study
29.12.2022
The researchers found that in some exchanges, the wash trading volume can go as high as 80%
70% of unregulated exchange transactions are wash trading: NBER study
29.12.2022
The researchers found that in some exchanges, the wash trading volume can go as high as 80%
Polygon Overtakes the BNB chain in daily transactions every week
26.12.2022
The year ends on a great note for Polygon as the platform has overtaken BNB Chain for the second time in 2022. According to the latest reports, Polygon has surpassed BNB Chain in daily transactions every week. The exchange has noted over 3 million transactions daily, and the primary reason behind...
US Government Delays Tax Reporting Rules for Cryptocurrency Brokers
25.12.2022
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto...
Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs
24.12.2022
The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current...
Private Banks to Manage Future Digital Euro Wallets, Transactions
21.12.2022
The European Central Bank's progress report on a central bank digital currency outlines the role of financial intermediaries
Payment System Giant Visa Proposes Working with Ethereum for Automatic Transactions – How Does it Work?
20.12.2022
Payments giant Visa has released a proposal that would allow Ethereum users to make automated programmable payments without the involvement of any third party....
Read More: Payment System Giant Visa Proposes Working with Ethereum for Automatic Transactions – How Does it Work?
Binance Pay merges with Pyypl for secure online transactions
19.12.2022
Binance Pay recently announced a partnership with Pyypl, a FinTech company. The collaboration will allow Binance Pay users to top digital wallets via Crypto. The platforms have also initiated a limited-time offer to provide a 5-token voucher to Binance Pay users in some countries. Keep an eye...
Corporate America has finally taken notice of Web3: US trademark lawyer
16.12.2022
Trademark applications filed this year covered various disparate sectors