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Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours
1.5.2022
The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series...
Bill Regulating Crypto Mining Submitted to Russian Parliament
30.4.2022
A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers...
Brazilian Senate Approves Cryptocurrency Law Project
30.4.2022
The Brazilian Senate has approved a recently presented cryptocurrency policy, advancing the project to discussions in the deputy chamber. The proposal will have to be greenlighted by the deputies of Congress and signed by President Jair Bolsonaro to be approved as law. The project presented is...
Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official
30.4.2022
The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that...
Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says
30.4.2022
Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia...
Binance Blocks Accounts Linked to Relatives of Senior Russian Officials
30.4.2022
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals. Crypto...
Belgian financial regulator FSMA to regulate crypto exchange services
30.4.2022
Crypto service providers must fulfill seven conditions that include being constituted in the form of a company with a minimum capital of roughly $52,725 (EUR 50,000)
Demystifying the business imperatives of the Metaverse
30.4.2022
What financial services mean in the Metaverse: A closer look into the process of monetization in the Metaverse — the categories of business “of” and business “in” models
Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency — Finds Web3 Economics ‘Interesting’
30.4.2022
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting....
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan
30.4.2022
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure...
Argentinian Government Advances the Creation of a National CBDC
30.4.2022
The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts...
Coinbase CEO responds to insider trading allegations with changes for token listings
29.4.2022
“There is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,” said Brian Armstrong
ORBS Goes Live On SpiritSwap
29.4.2022
ORBS goes live on SpiritSwap as a part of its major integration on the Fantom network to further solidify its presence on the new chain. ORBS has started with two pools on Spirit, namely ORBS-FTM and ORBS-USDC, with $25,000 each, enabling users to add liquidity and swap tokens on the platform....
Finland to Donate Millions of Dollars From Sale of Seized Bitcoin to Ukraine
29.4.2022
The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for...
7 in 10 Retail and Institutional Investors Plan to Buy More Crypto, Bitstamp Survey Finds
29.4.2022
Most investors plan to spend more on crypto in the next five years, a new survey has found – with both retail and institutional investors looking to delve further into the sector.
The survey was conducted by the crypto exchange Bitstamp, which found that 73% of retail investors and 72%...
FRAX Launches on Terra with Retrograde Partnership
29.4.2022
Retrograde brings the first FRAX tokens to the Terra ecosystem in the search for long-term and sustainable partnerships. This new partnership with the stablecoin protocol was closed to bring deep liquidity to the Blockchain. Thanks to this new deal, the Retrograde governance protocol also receives...
Brave And Gemini to Offer Integrated Custodial Wallet
29.4.2022
Brave And Gemini have taken a step ahead in their partnership by launching a new update for Brave Android App, v1.38, today for the users. The update enables them to connect their Gamini account to the browser version of Brave Rewards. The goal is to efficiently manage Basic Attention Tokens (BAT)...
Treasures of Cryptocurrency: Calyx Token (CLX), Solana (SOL), and VeChain (VET) are the New Gold Mines
29.4.2022
When we talk about cryptocurrency treasures, some newbies may not understand what we mean. Let’s take a look briefly. In the cryptocurrency world, a coin is a digital currency that can exist and operate as a blockchain and be traded or swapped for other coins which are used for many...
Dogecoin Jesus? Roger Ver resurfaces on Twitter, backs DOGE over BTC
29.4.2022
“Bitcoin Jesus” Roger Ver has made a comeback to Twitter and says Dogecoin is a top contender for the world’s dominant cryptocurrency
Digital Yuan Giveaway: Shenzhen Residents to Receive 15 Million Yuan in Digital Currency
29.4.2022
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required. Digital Yuan Pilot Continues China’s central bank,...