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NH Governor Signs Executive Order to Bring ‘Regulatory Certainty’ to Cryptocurrency Industry
13.2.2022
The governor of the U.S. state of New Hampshire has signed an executive order establishing a commission on cryptocurrencies and digital assets. “Federal and state governments must work to bring legal and regulatory certainty to the digital asset industry because clear rules of the road...
Indian Parliament Member Clarifies Legal Status of Cryptocurrency
13.2.2022
Cryptocurrency is currently a gray area in India. It is neither legal nor illegal. A parliament member, India’s finance secretary, and the minister of finance have recently clarified the legal status of cryptocurrency in India. Legal Status of Crypto in India Following the finance...
Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments
13.2.2022
Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business...
FTC Warns of Romance Scams Luring People Into Bogus Cryptocurrency Investments
13.2.2022
The U.S. Federal Trade Commission (FTC) has warned about romance scams using cryptocurrency. Scammers use romance as a hook to lure people into bogus investments, especially crypto, the federal agency explained. “2021 numbers are nearly five times those reported in 2020, and more than...
Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad
13.2.2022
The Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal...
South Korea Jails Seven Masterminds of Country’s ‘Largest Crypto Fraud Scheme’
13.2.2022
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest crypto frauds. Verdict Sets New Benchmark Seven former masterminds of the now-defunct scam...
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
13.2.2022
The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids,” he said. Hungarian Central Bank Chief Wants...
Wells Fargo: Cryptocurrency Has Entered ‘Hyper-Adoption Phase’
13.2.2022
Financial services firm Wells Fargo says that cryptocurrencies are viable investments that have entered the “hyper-adoption” phase. “Cryptocurrencies have been following an adoption pattern similar to other new advanced technologies, such as the internet,”...
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover
12.2.2022
Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior...
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $3,000 to Start the Weekend
12.2.2022
Ethereum dropped below $3,000 to start the weekend, as cryptocurrency prices fell for a second consecutive day. Bitcoin was also lower, giving up some of this week’s gains in the process. Bitcoin Following a surge to a high above $45,000 to start the week, bitcoin prices fell for a third...
Bank of Zambia Expects to Complete CBDC Study in Q4
12.2.2022
The Bank of Zambia has said it expects to complete its study seeking to determine the feasibility of launching a Central Bank Digital Currency (CBDC), before the end of the last quarter of 2022. Narrowing the Financial Exclusion Gap The Zambian central bank has said it expects to complete...
Argentinian Tax Authority Will Be Able to Confiscate Digital Wallets to Collect Tax Debts
12.2.2022
The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt...
Canadian Lawmaker Introduces Bill to Encourage Crypto Sector Growth
12.2.2022
A bill has been introduced in Canada to encourage the growth of the crypto sector. “Canada should be attracting billions of dollars in investment in the fast growing crypto asset industry. Today I introduced a bill, the first of its kind in Canada, to make sure this becomes...
SEC Working With CFTC on Crypto Regulation, Says Chairman Gensler
12.2.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says the securities regulator is working with the Commodity Futures Trading Commission (CFTC) on crypto regulation. In addition, he said the SEC is “trying to work with various crypto platforms, exchanges...
Billionaire Bill Miller Has ‘Very Big’ Bitcoin Position — Calls BTC ‘Insurance Against Financial Catastrophe’
12.2.2022
Veteran investor and fund manager Bill Miller says he has “a very big position” in bitcoin and expects to see a lot of institutional adoption this year, particularly among endowments and foundations. “Bitcoin is insurance against financial catastrophe,” he opined. Bill...
DeFi flashes early revival signs as retail and institutional inflows trickle in
12.2.2022
Inflows into the DeFi sector witnessed an uptick as the wider crypto market recovers and investor sentiment improves
Technical Analysis: IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday
11.2.2022
IOTX was Friday’s big gainer, as crypto markets were lower across the board to end the week. Overall, the global cryptocurrency market cap is down close to 4% in today’s session. Biggest gainers Following a strong start to the week, which saw the likes of shiba inu (SHIB), and...
Canadian Trucker Protesters Eye Bitcoin Amid Court-Ordered Fund Freeze
11.2.2022
The government of Canada’s Ontario has obtained an order from the province's Superior Court of Justice that allows freezing some USD 9.4m in funds collected through crowdfunding platform GiveSendGo for the 'trucker protest' -- encouraging calls by some of the protest’s supporters to develop...
The world's first and oldest Bitcoin mining pool has mined nearly 1.3 million BTC since inception
11.2.2022
Over 15,000 users, mainly small individual miners, are part of the still-growing Braiins (Slush Pool) ecosystem
Crypto Market Braces for Volatile Week Ahead of Fed’s ‘Emergency Meeting’
11.2.2022
The US Federal Reserve (Fed) is set to hold an unscheduled meeting on Monday to discuss interest rates, described by some as an “emergency meeting” and others as a fairly “regular occurrence.” Regardless, the Fed’s unexpected notice has sparked debate in the crypto community over whether...