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Crypto tax deters 83% Indian investors from crypto trading: WaxirX report
6.7.2022
With two consecutive taxes ready to eat away at their holdings, most Indian investors have seemed to have opted for hibernation amid an unforgiving bear market
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
Crypto Expert: Why Gnox & Ethereum Ecosystems Take the Lead in 2022?
6.7.2022
Over the past decade, there has been a meteoric rise in the real-world use cases of blockchain technology. The rising popularity of Bitcoin as a store of value, coupled with rapid growth in smart contract platforms, has set the tone for a digital future. Several reputable blockchain ecosystems have...
Voyager Digital Files for Bankruptcy
6.7.2022
Voyager Digital Holdings, the US-based operator of a crypto platform Voyager Digital, and two affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, per Stretto, a bankruptcy specialist, data.
Both estimated liabilities and assets are in...
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
6.7.2022
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that...
Singapore Considers Imposing New Restrictions on Crypto Trading
6.7.2022
The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.”...
Spanish Police Spends USD 115K on Crypto Monitoring Technology to Fight Drug Smuggling
6.7.2022
The Spanish police force has announced that it will invest in tech platforms that will help officers catch drug traffickers who make use of cryptoassets.
According to El Español, officers who patrol the Strait of Gibraltar – the waters that wash Morocco, Spain, and Gibraltar – have spent almost...
Alexander Vinnik Serves Prison Term in France but No Freedom in Sight
5.7.2022
Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer....
eToro to terminate $10B SPAC merger in mutual agreement with acquisition firm
5.7.2022
The firm is reportedly seeking a new funding round that would infuse with more cash at a 50% lower valuation than one year ago
Spanish Crypto Holders to Be ‘Burdened’ with Fresh Crypto Declaration Rules
5.7.2022
Crypto industry insiders have hit back at the Spanish government’s latest plans for the sector: A fresh effort to make citizens who hold coins on overseas platforms declare their holdings....
Read More: Spanish Crypto Holders to Be ‘Burdened’ with Fresh Crypto Declaration Rules
Russians banned from accessing Bitmex within European Union
5.7.2022
Russian citizens or residents will no longer be able to access BitMEX services from the European Union after July 11, 2022
Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect
5.7.2022
Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading...
British Army’s Social Media Accounts Hacked to Promote Bitcoin Giveaways, Crypto Scams
5.7.2022
The British Army’s official Youtube and Twitter accounts were compromised Sunday and hackers used them to promote crypto, including bitcoin and ether giveaway scams featuring Tesla CEO Elon Musk. British Army’s Social Media Accounts Used to Promote Bitcoin, Crypto, NFT Scams...
Brazil Creates Crypto-Dedicated Investigation Unit
5.7.2022
The public prosecution of the Federal District, located in the center-west region of Brazil, has launched its own cryptocurrency investigation unit. The newly formed unit will focus its activities on aiding other prosecutors in cryptocurrency investigations, and also educating consumers about...
Cautious Bullishness in Bitcoin & Crypto Amid Warnings of Further Downsides
4.7.2022
The crypto market saw modestly higher prices on Monday, despite warnings from analysts and institutional investors that the market could fall further as contagion from recent insolvencies continues to spread.
As of Monday at 16:17 UTC, bitcoin (BTC) traded at USD 19,819, up 4% for the past...
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...
Hodlers and whales: Who owns the most Bitcoin in 2022?
4.7.2022
While the Bitcoin blockchain is public, knowing who owns the most Bitcoin in 2022 isn’t as simple as it should be. Here’s what we know
The Sandbox Consolidates Near $1; SAND Still Looks Positive!
4.7.2022
In today’s time, gaming has become a social act, and it is now an inseparable part of our lives, and for others, it has become their alternative truth. The physical seclusion that the world has seen since Covid has given this sensation more adoption and validation. The Sandbox offers players...
Could GNOX Beat Cryptos Like CAKE, FTM, & AVAX in DeFi Sector?
4.7.2022
There’s one crypto project that’s got everyone talking right now: and that’s GNOX. Many are hailing it as the best new crypto project to hit the scene in some time, and it’s performed remarkably well despite overall market conditions (and while still presale). With discounts...
Hilarious 'Web 3 Console' Will Never, Ever Happen
4.7.2022
The Polium One is the answer to a question no one has ever, nor will ever, ask. It is a “next-gen console for web3 gaming.” Which is to say, a render on a website for a fictional machine that I believe will absolutely will never get made. I dare them to prove me wrong.Read more