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Binance to Advise Kazakhstan on Crypto Regulations
27.5.2022
Cryptocurrency exchange Binance will assist the government of Kazakhstan in efforts to regulate the country’s crypto space. The global coin trading platform will also help with the integration of the domestic banking system with the expanding digital assets market. Kazakhstan to Cooperate...
Bitrue Launches New Yield Farming Pools for Dogecoin and Shiba Inu
27.5.2022
The newsletter for six new Yield Farming pools on Bitrue was shared on Thursday. As per the announcement, the crypto exchange will dedicate these new pools to Shiba Inu and Dogecoin with a 7% annual percentage yield. The pools are slated to go live on May 27 at 13:00 UTC. Bitrue is one of...
Chamber of Representatives in Paraguay Advances Crypto Bill
27.5.2022
Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap...
Eurovision Song Contest 2022 Winners Release NFT for Ukraine Charity Auction
27.5.2022
Kalush Orchestra, the winners of the Eurovision Song Contest 2022, are auctioning off an NFT for charity. The auction started May 25 on MetaHistory — the official Ukrainian charitable NFT museum – and will last only until the 28th. Bids will be accepted in both cryptocurrency and fiat...
JPMorgan Foresees Increased Blockchain Use in Finance — Prepares to Offer Related Services
27.5.2022
JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.” JPMorgan’s Blockchain Plans JPMorgan Chase &...
SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner
27.5.2022
A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. “We’re not allowing innovation to develop and experimentation to happen in a healthy way, and there are long-term...
Huobi Global Acquires Latin American Crypto Exchange Bitex
27.5.2022
The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most...
Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate
26.5.2022
Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions...
Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns
26.5.2022
Central African Republic (CAR) President Faustin-Archange Touadéra is readying to launch a new crypto project, dubbed Sango - the first crypto initiative that is designed to strengthen the country’s image as an emerging African crypto hub.
“For us, formal economy is no longer an option,”...
TCG World Announces $5,000,000 Purchase of Virtual Estate in the Largest Open World Metaverse Platform
26.5.2022
TCG World recently announced an exciting new strategic partnership with Curzio Research Inc, which has acquired 19 commercial real estate properties inside TCG World Metaverse for $5,000,000. The acquisition will mark one of the largest real estate purchases for virtual property inside...
3 DEX That Every Investor Should Know About – Uniswap, Pancakeswap, & Calyx Token
26.5.2022
Over the past year, Decentralized Finance (DeFi) has skyrocketed in popularity and is now one of the most talked-about products in the crypto space. The DeFi movement is all about building financial products that champion decentralization. One particular feature of any DeFi product in the market...
FTX Halts LUNA and UST Markets to Support New LUNA Airdrop
26.5.2022
FTX will halt the LUNA and UST markets at noon UTC on May 26, 2022. Holders will, however, have an option to receive the new LUNA airdrops during the snapshot time, and the receipt will be subject to certain adjustments. Meanwhile, FTX will go for more suspensions as mentioned below:- Deposit &...
Terra 2.0 is Almost Here & It Brings LUNA Airdrops for Users
26.5.2022
Terra is set to release its updated network, Terra 2.0. Terra will accommodate this update with a new native staking token as a community-owned venture. As Proposal 1623 prescribes, the new token, called LUNA, will be airdropped to the community members. The token is set to be released on 27th...
IMF Chief Begs Investors Not to Shun All Crypto After the Collapse of LUNA, UST
26.5.2022
The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA,...
No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal
26.5.2022
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted...
US Senator Cruz ‘Incredibly Bullish’ on Bitcoin — Says ‘I Have a Weekly Buy’
26.5.2022
U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those...
JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’
26.5.2022
JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with...
Scott Minerd says Bitcoin price will drop to $8K, but technical analysis says otherwise
25.5.2022
BTC price could be poised for a big bounce despite Minerd’s prediction that price will drop to $8,000
Defining Cryptocurrency Regulation Important for the Industry to Grow: Morgan Stanley
25.5.2022
Disagreement on new legislation would be negative and lead to an extended period of uncertainty, the bank said
Thailand Exempts Crypto Transfers From VAT Until End of 2023
25.5.2022
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will also apply to digital currency issued by the Bank of Thailand. Royal Decrees Enforce...