Hailing as one of the world’s largest crypto exchanges, Binance is all set to strengthen its presence in the Middle East with its new expansion plans focused on the region. In its recent report, citing a person related to the matter, Bloomberg reported that Binance Holdings Ltd. is holding strategic discussions with authorities to seek …
Continue reading “Binance Looks Forward to Seeking An Operational License From Dubai Regulators”
With the European Union set to cast a vote on the future of the highly-anticipated Markets in Crypto Assets bill, the Bitcoin mining industry keeps desperate eyes on the final result. In the latest development, it is revealed that the status of Bitcoin mining in the EU rests exclusively on the outcome of today’s voting …
Continue reading “The MiCA Bill Places a Strong Emphasis on Environmental Sustainability”
Thriving as one of the most popular NFT collections, the Bored Ape Yacht Club has taken the global Non-Fungible Token sector by surprise with its new expansion initiative. Yuga Labs, the creator of the BAYC NFT collection has proudly announced that the team has successfully purchased the intellectual property rights of CryptoPunks and Meebits NFT …
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Closely followed crypto strategist Justin Bennett believes leading smart contract platform Ethereum (ETH) is gearing up for a breakout this month. In a new strategy session, Bennett says that Ethereum is facing a diagonal resistance that has kept the market in a downtrend for about four months. “We have a trendline that extends from the …
An altcoin focused on the non-fungible token (NFT) sector has surged while most of the digital asset markets consolidate or trend down. Immutable X (IMX) is a scaling solution for Ethereum NFTs that aims to provide users with near-instant, low fee transactions. According to the project, the Immutable X engine allows for 9,000 transactions per …
While many refer to crypto as the “Wild West,” some believe that this may only continue for a little longer. Thomas Shea, crypto tax leader at EY Financial Services, told Cointelegraph that taxation for crypto is an evolving area and new regulations may be implemented soon. “There is new legislation that will require reporting for …
Continue reading “Tax expert says buying crypto is not a taxable event”
Tesla CEO Elon Musk gives advice for surviving tough economic times leading to pumps in Bitcoin, Ethereum, and Dogecoin. He advocates moving capital to “physical things,” i.e., not cryptocurrency. However, his tweet still spiked the three mentioned tokens, demonstrating that the “Elon effect” is alive and well. Of the three, Dogecoin moved the most, with …
Japanese authorities have told crypto exchanges to comply with sanctions imposed on Russia. To do this, it has asked them not to process transactions subject to the sanctions against Russia and Belarus. According to officials, this compliance is in line with the new G7 announcement seeking to put more pressure on the Russian government to …
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Sudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in fact looking to revive its economy through gold mining. The Rise in Russia’s Gold Holdings The Sudanese Ambassador to Russia Onor Ahmed Onor recently dismissed …
Continue reading “Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations”
Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting …
New on-chain data shows that some of the largest Ethereum whales in existence are investing in one of ETH’s primary competitors. According to the latest weekly numbers from WhaleStats, the top 100 largest Ethereum wallets are making significant investments in Wrapped Luna (WLUNA). Wrapped Luna is pegged to and can be swapped for Ethereum rival …
Continue reading “Ethereum Whales Are Quietly Accumulating One of ETH’s Biggest Competitors”
As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially for the general public across the world. Joining this discussion online, Tesla CEO Elon Musk asked publicly about the probable inflation rate …
Continue reading “Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity”
Bitcoin (BTC) starts a new week struggling to preserve support as key macro changes appear on the horizon. In what could turn out to be a crucial week for Bitcoin and altcoins’ relationship with traditional assets, the United States Federal Reserve is set to be the main talking point for hodlers. Amid an atmosphere of …
Continue reading “Two years since the COVID-19 crash: 5 things to know in Bitcoin this week”
The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA). A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line …
Continue reading “Environmental sustainability key sticking point in EU MiCA bill”
Mayor Steve Adler of Austin, Texas, has fully embraced the discovery of what blockchain technology and crypto payments can bring to his city by proposing two new initiatives. The first initiative aims to ensure that Texas’s fourth-largest city promotes the benefits of blockchain technologies and “promotes equity, diversity, accessibility, and inclusion” in the technological ecosystem. …
Continue reading “Austin mayor embraces Web3 tech and crypto payments”
