The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the increasing interest in digital assets among the country’s population, which has been facing three-digit inflation rates since the 2021 military coup. On …
Monthly archives: March 2022
Crypto donation startup launches IRS form as US tax season loom
Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service for crypto donations. The Engiven platform now allows nonprofits and donors to automatically generate the Internal Revenue Service (IRS) tax form, the firm announced Tuesday. According to Engiven, nonprofits have …
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NFT adoption: Tokens take the runway at Metaverse Fashion Week
The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more …
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Bitcoin hits 2022 high as analyst gives new $80K BTC price target
Bitcoin (BTC) gave $48,000 a second grilling on March 29 after a modest overnight correction provided a welcome respite from the upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong doubts” over crash below $30,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped to local lows of $46,900 before returning …
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Bitcoin Price Prediction: BTC/USD Prepares for a Break out Above $47,000
Bitcoin Price Prediction – March 29 The Bitcoin price prediction is showing positive signs, and it is likely to accelerate further higher in the near term. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $53,000, $55,000, $57,000 Support Levels: $43,000, $41,000, $39,000 BTCUSD – Daily Chart Buy Bitcoin Now According to the daily …
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Aptos Labs Raises $200 Million From Binance Labs And Other Investors
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has announced that it has invested in the Layer 1 blockchain platform Aptos Labs. Some of the members of the Aptos Labs were also creators of the Diem Blockchain. The investment will help Aptos Labs to speed up the adoption of the decentralized ecosystem. This …
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Japan To Make Sure That Russia Doesn’t Use Crypto To Dodge Sanctions
Japan is planning to modify its crypto exchange laws to prevent any loopholes that Russia could use to escape the ongoing Western sanctions. Japanese Prime Minister Fumio Kishida also demanded more efforts and collaboration with Western allies to speed up the amendment of the exchange laws to make it very difficult for Russians to use …
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CoinShares Records Largest Capital Inflows in 3 Months
CoinShares saw a weekly inflow of $193 million into its crypto investment products. Europe dominated the inflows with $147 million, while the Americas recorded $45 million. Solana also saw its highest weekly inflow, with $45 million. CoinShares has published its weekly report on digital assets fund flows, and it holds some positive signs for the …
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Bitcoin and Ethereum Accepted as Tuition Payment Method in Dubai’s Latest School
An Emirati school has announced its decision to accept two major cryptocurrencies as a payment option for tuition. The move comes shortly after the United Arab Emirates has intensified efforts to position itself as a digital innovation hub in the Gulf region. Dubai has also approved crypto licenses for Bybit and Crypto.com. Local news outlet …
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Vietnam To Prepare Legal Framework Concerning Cryptocurrency Management
The Vietnamese government is devising a new legal framework to include cryptocurrency and virtual assets. The country’s deputy PM has instructed three ministries to carry out research and amend legal documents to include virtual assets. Vietnam is once again exploring the domain of cryptocurrencies and is reportedly busy conducting preliminary research to spearhead crypto-friendly policies. …
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Indian state gov’t uses Polygon to issue verifiable caste certificates
The Government of Maharashtra, one of India’s state governments, has started issuing caste certificates over the Polygon blockchain to citizens residing in Etapalli village, Gadchiroli district, as a part of the Digital India campaign. In partnership with LegitDoc, a blockchain-based application, the Maharashtra state government is in the process of rolling out 65,000 caste certificates …
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President Biden eyes $5 billion revenue from crypto in 2023
The recently submitted Budget proposal for the 2023 fiscal year reveals that President Biden is looking to generate more tax revenue by adopting new crypto tax reporting rules. A US Treasury Department revenue explanation accompanying the proposal reveals the extent of the new regulations. According to the White House, the government can make up to $11 …
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Bitcoin acts as an inflation hedge, rises by 35% since start of the Russian-Ukraine war
News of Russia’s invasion of Ukraine on February 24 saw the value of Bitcoin tanking along with that of other cryptocurrencies. However, the crypto market has since shown a resilience that many crypto analysts have always talked about as the prices of these digital assets have recovered, but they are now trading at a much …
Gold now needs blockchain in an ironic twist of fate
Two of the most notable players in the global gold industry are collaborating to design a scheme to help investors “trust that their gold is genuine and has been responsibly and sustainably sourced.” The London Bullion Market Association (LBMA) and the World Gold Council (WGC) are developing a new international system of gold bar integrity, …
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Meta Brings Metaverse-Like 3D Ads to Facebook and Instagram
Meta is bringing interactive 3D ads to Facebook and Instagram feeds, inspired by the metaverse pivot the company has begun to execute since its name change. This is possible due to a new integration in Meta’s AR (Augmented Reality) publishing library with a development from a company called Vntana. Vntana Integrates 3D Ads in Meta’s …
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