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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
11.3.2023
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter”...
India Brings Crypto Transactions Under Prevention of Money Laundering Act
11.3.2023
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
11.3.2023
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions...
Sam Bankman-Fried's bail conditions still too lenient, says judge
10.3.2023
U.S. district judge, Lewis Kaplan, expressed concern that Bankman-Fried could find ways to evade the restrictions and covertly communicate with others electronically
Binance Bans Russians From P2P Transactions With Dollars and Euros
10.3.2023
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits...
Bitcoin Price Outlook for March
10.3.2023
There are only ten days into March, and volatility in the crypto markets has heightened, with both bitcoin and ethereum falling to two-month lows. A collapse in Silvergate Bank was one of the major catalysts leading to this month’s bearish sentiment, which now sees bitcoin trading under...
The Cryptocurrency Betting Revolution on Wintop․io
10.3.2023
Since December 2022, Wintop.io has been strongly growing into the crypto world. A new vision of the betting industry, combining crypto and the most exciting casino and sport games, is now available on https://www.wintop.io/ with a wide variety of bonuses and promotions, for all the types...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October
10.3.2023
Dogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday’s session. Overall, the global crypto market cap dropped by nearly 9% today, which seems to have been triggered by yesterday’s liquidation of Silvergate bank. Litecoin has been another...
Helium (HNT) & Huobi Token (HT) prices decline, Orbeon Protocol (ORBN) presale continues to sell out
10.3.2023
Just three days into March, much of the crypto market has declined. Projects like Helium (HNT) are down by 7.74% in five days, while Huobi Token (HT) is down 5.68%. While Helium (HNT) and Huobi Token (HT) struggle, Orbeon Protocol (ORBN) continues to thrive, having just hit a new all-time high...
What could the TMS Network (TMSN) presale phase 2 event mean for Zilliqa (ZIL) & 1inch Network (1INCH) in 2023?
10.3.2023
After raising over $2 million in a successful phase one of the presale, TMS Network (TMSN) has exceeded expectations. In phase two, this new DEX is set to break down existing barriers in the current decentralized exchange sector. Protocols like Zilliqa (ZIL) and 1inch (1INCH) can benefit from this...
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
10.3.2023
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of...
TMS Network (TMSN) taking the spotlight as Alchemy Pay (ACH) and Zilliqa (ZIL) investors eye its presale
10.3.2023
Alchemy Pay (ACH) and Zilliqa (ZIL) tempted investors with their blockchain innovations and rewarded early adopters with sizable profits. Zilliqa (ZIL) gave its holders a 260% reward in the first three months, while Alchemy Pay (ACH) left others in its dust with a 14,000% spike in the first month...
How Taxes Work With Crypto Trading Bot?
10.3.2023
The Basics of Crypto Taxes Crypto Taxes differ based on using cryptocurrencies, buying and selling cryptocurrencies, and various automated crypto bots for trading cryptos. Crypto Taxes fall into Capital Gains Tax and Ordinary Income Tax. Capital Gains Tax: Capital Gains Tax will be infused upon...
SingularityNET (AGIX) price continues uptrend, why Avorak AI is also gaining support in 2023
10.3.2023
SingularityNET has become a major player in the recently booming AI crypto market. Since the start of 2023, the SingularityNET token, AGIX, has grown significantly. As AGIX’s price rises, Avorak AI gets more support as its ICO event draws more attention. The rise of AI crypto In recent years...
Huobi flash crashes and recovers 90% with high sales and downturn
10.3.2023
Huobi recently witnessed a massive token collapse during a flash crash. The 17th biggest exchange experienced a 90% loss in market cap, which was recovered minutes later. At 3:45, HT was trading at $4.70. The token was now worth $1.83 after 25 minutes had passed. A couple of hours later,...
Gary Gensler pushes to bring crypto ventures under the law
10.3.2023
Gary Gensler, the Chair of the US Securities & Exchange Commission, has published an opinion article explaining the need to bring all crypto ventures under the legal lens. The emphasis is on the importance of bringing crypto ventures within the legal bounds for the objective of protecting...
Iran’s Crypto Rial Project Enters Trial Phase
10.3.2023
The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system. Iranian Government Prepares...
Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty
10.3.2023
The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S. Department of Justice (DOJ) detailed. Airbit...
NY AG sues KuCoin for selling securities and commodities without registration
9.3.2023
New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a security in court