A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi” coins, that won’t be able to trade …
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Top crypto strategist and trader Michaël van de Poppe is keeping a close watch on Cardano’s price action while predicting an incoming supply shock for Bitcoin. Van de Poppe tells his 404,100 Twitter followers that he sees Cardano slightly correcting against Bitcoin (ADA/BTC) in order to build a base for the next leg up. ADVERTISEMENT …
The Indian Institute of Technology Madras (IITM) has become a member of the Hedera Hashgraph’s council for decentralized governance. IIT Madras is one of the top institutes for technical education in India, which falls under the direct jurisdiction of India’s Ministry of Education. As a member of the Hedera Governing Council, IITM has become one …
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Just a week after Bitcoin (BTC) became legal tender in El Salvador, President Nayib Bukele has admitted that the rollout of the state Bitcoin wallet was too much of a challenge. Chivo, El Salvador’s official Bitcoin wallet, has temporarily disabled new registrations and halted app downloads for new smartphone models due to ongoing issues with …
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The New York Attorney General (NYAG) has won a victory against crypto exchange Coinseed for its dodgy dealings with Dogecoin and defrauding its customers. On Sept. 13 NYAG Letitia James ordered Coinseed Inc. to permanently halt operations and pay $3 million in fines after it had been accused of freezing withdrawals and converting client funds …
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Announced on Monday, EY’s flagship blockchain services including EY OpsChain and EY Blockchain Analyzer will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain. EY emphasized that its enterprise clients will have access to increased transaction throughput with predictable fees and settlement times using Polygon. The firm also revealed it …
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The Ethereum Foundation (EF) and Ethereum Name Service (ENS) are backing a proposed system for secure sign-in using Ethereum from decentralized identity software firm Spruce. Spruce’s system was selected after EF and ENS submitted a Request for Proposals in July encouraging developers and software firms to propose a sign-in package using Oauth — an open …
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The United States Securities and Exchange Commission (SEC) has charged three of Chinese billionaire Guo Wengui’s companies over an initial coin offering (ICO) and initial public offering (IPO) that fetched around $487 million combined. The infamous Wengui, also known as Miles Kwok or Miles Guo, is an exiled Chinese businessman who currently resides in New …
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In a move aimed towards attracting investors, authorities in El Salvador are reportedly set to exempt them from all forms of capital gains and income tax related to Bitcoin. Indications regarding this move began to gain wave following an announcement by one of the country’s Presidential Legal Counsel. Tax exemptions for Bitcoin investments According to …
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Cardano (ADA) welcomes much-awaited smart contracts with launch of Alonzo | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Cardano › DeFi The latest upgrade has finally brough smart contract functionality to the ambitious network. Andjela Radmilac · September 14, 2021 at 2:00 am UTC …
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sponsored UwUFUFU.com, a content marketing platform, has successfully raised $1.7 million USD from early investors. Adopting the play-to-earn mechanism in the form of viral quizzes, anyone can create, play, share quizzes and earn NFTs through FUFU’s reward system. NFTs on FUFU function as a collectible and a potential membership to gain access for future events, …
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects a “trillion dollars” more to flow into bitcoin in the next couple of years. He also sees cryptocurrencies becoming an institutional asset class. “We don’t know when but it is definitely going to come. It’s not going away,” he said. Kevin O’Leary Sees Trillion-Dollar Opportunity in …
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DBS Group Holdings, the largest bank in Singapore and Southeast Asia, says its crypto business is “growing very rapidly.” The bank’s digital asset trading platform expects to double the number of members by year-end. Singapore’s DBS Expects Substantial Growth in Crypto Business DBS’s senior executives said in an interview, published by Reuters Monday, that the …
Bitcoin mining and power generation company Greenidge is set to complete a merger with customer and technical support solutions provider Support.com to become the latest publicly listed mining firm. Once the merger transaction is complete, Support.com Inc. will become a wholly-owned subsidiary of Greenidge Generation Holdings Inc. The new entity’s Class A shares will trade …
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On-chain data shows Bitcoin exchange reserves have hit the lowest value in 3 years, here’s what it might mean for BTC’s price. Bitcoin Exchange Reserves Lowest In 3 Years As Negative Netflows Continue As pointed out by a CryptoQuant post, exchange reserves have been continuing their downtrend, and have now reached lows not seen since …
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