Cryptocurrencies have become quite the household name in the world of finance and technology. Especially given the world’s awakening to the power wielded by their underlying technology- Blockchain- cryptocurrencies have remarkably secured a spot in the mind of tech enthusiasts.Now, the fact that these cryptocurrencies have managed to create a major uproar in the global market within a few years of the first integration is re
1Broker is a popular online trading platform that allows users to buy and sell various financial instruments, including cryptocurrencies, commodities, forex, and stocks. The platform has gained a large following since its launch, with many traders using it as their primary trading platform.
In this article, we will provide an update about 1Broker, including recent developments, changes made to the platform, and
the US-based crypto exchange Bittrex announced a delisting of Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP). One of the world’s leading crypto exchanges Binance announced a delisting of 4 coins and tokens, such as CHAT, ICN, TRIG, and privacy-oriented Bytecoin (BCN), which was listed there just 5 months ago, and suffered a huge pump and dump after that. Extra: Binance changed their listing fee pol
after a few months of withdrawal delays, cryptocurrency exchange Bitfinex has temporarily suspended USD deposits, expecting the situation “to normalize within a week”. Bitcoin is being traded with ~2% premium on Bitfinex, which might be connected to USDT price decline from $1 to $0.98. Reminder: Bitfinex has serious banking problems since 2016, when it was fined by CFTC for offering unregulated margins, so the ex
Bearish:Indian police have seized an ATM that was set up by local cryptocurrency exchange Unocoin in Bangalore. Harish BV, co-founder and CTO of the Unocoin, has been arrested while he was attending the crypto ATM. Reminder: earlier in April, the Reserve Bank of India (RBI) directed all financial institutions to stop providing services to businesses associated with cryptos.
Bullish:Bakkt has officially announced that Bitcoin
In 2021, even the most perplexing
Bermuda Triangle mysteries have been solved. However, the identity of Satoshi
Nakamoto's creator is still shrouded in secrecy. Bitcoins are now worth more
than $46,000 each. In November, Bitcoin's value reached an all-time high of
US$68,000, and analysts anticipate that the cryptocurrency's price will reach
US$100,000 by 2022. The identity of BTC's originator remains a mystery, despite
Despite the recent decrease in cryptocurrency prices, most millennial millionaires have made cryptocurrency investments in India. Moreover, according to a recent study conducted by CNBC and published online, they intend to add more cryptocurrency investments to their portfolios by 2022.
According to the survey findings, more than half of American millennial millionaires possess cryptocurrency investments, and about a third ha
It wasn't clear how the bitcoin mining business would evolve when first introduced in 2009. As a result, the world's first cryptocurrency quickly established itself as the dominant player in the market, far ahead of its rivals because of the highest number of bitcoins mined today.Another crucial milestone has been reached for bitcoin mined. Another crucial milestone has been reached for Bitcoin. 90% of all&
Craig Wright, the self-proclaimed "creator" of Bitcoin, has won a legal battle that would enable him to keep a massive stash of the cryptocurrency bitcoin worth billions of dollars.Craig Wright, the self-proclaimed "creator" and inventor of crypto, has won a legal battle that would enable him to keep a massive stash of the cryptocurrency worth billions of dollars. Wright will retain ownership of 1.1 million Bitcoin, valued
During the year 2021, the blockchain gaming sector saw a massive boom. Blockchain games have the potential to revolutionize the gaming business by providing players with a way to make money as they play their favorite games.These are the top blockchain games that can provide a rewarding gaming experience while also providing the greatest prospects for players to make money. The following is a list of the greatest crypto games
Earlier this month, CryptoWire, a cryptocurrency super app, announced the establishment of the country's first cryptocurrency index, which will assess the performance of the 15 most commonly traded cryptocurrencies listed on recognized cryptocurrency exchanges, as measured by market capitalization.
CryptoWire managing director Jigish Sonagara stated at the time of the crypto index launch that "the index has been designe
The year 2022 has just recently begun, and crypto airdrops alerts are becoming more popular than ever. They are often used to reward the community for their support, but they are also utilized as a marketing tool to promote projects and cryptocurrency tokens. Regardless of the kind of crypto airdrop 2022 you participate in, you will have the chance to get some new tokens and maybe even become associate
High levels of unpredictability and volatility characterize cryptocurrency trading. However, the sheer structure of the sector often results in windfall profits for certain investors. The new year started with a lot of optimism for the larger players, such as Bitcoin and Ethereum, but they have yet to experience a significant increase in value. Bitcoin has been in a downward spiral for most of this year, and hence people have
According to a CoinDesk study, cryptocurrency miners planning to go public will likely encounter difficulties in the coming months as bitcoin price falls due to crypto tax. The decline in cryptocurrency prices may damage Core Scientific, which plans to go public through a combination with Power & Electronic Infrastructure Acquisition Corp. through a SPAC.The bitcoin mining company Rhodium Enterprises, due to cryptocurrency t
According to Kris Marszalek, CEO of cryptocurrency exchange Crypto.com, hundreds of users' accounts were accessed, and monies were taken as a result, although the technique of cryptocurrency hack is unknown.According to Marszalek, roughly 400 crypto accounts hacked in an online interview with Bloomberg on the 19th. According to him, regulators have yet to contact him about the crypto hacked attack, but he says he's willi
Russia has already made it illegal to accept cryptocurrencies as a form of payment in exchange for products or services. On the other hand, the study emphasized the need for increased punishments for individuals who break the rules.Ruling out cryptocurrency trading and mining in Russia, the country's central bank today called for a blanket ban on cryptocurrency, claiming that they are "volatile and widely used in illegal act
Indonesia's Financial Services Authority (OJK) has outlawed financial institutions from engaging in cryptocurrency trading, promoting it, or crypto ban in Indonesia. The banking authority also warned the public to look for fraudulent Ponzi schemes that masquerade as cryptocurrency investments.The Cryptocurrency Warning from the Indonesian RegulatorIn a warning issued on Tuesday, Indonesia's Financial Services Authority (OJK),
The bitcoin industry has seen enormous transformations during the previous decade regarding crypto price prediction. When Bitcoin first emerged as a fascinating experiment for institutional investors, it was considered a new asset class and a form of electronic gold.Bitcoin (BTC)Higher Bitcoin prices are supported by several reasons, including a rise in demand for Bitcoin ETFs.Some analysts believe that Bitcoin's cryptocurre
In an editorial article published in the New York Times on Thursday, Nobel Prize-winning economist Paul Krugman cryptocurrency linked the recent cryptocurrency fall to the subprime mortgage crisis in the United States.According to the economist, the crypto market crash has "uncomfortably resembled the subprime mortgage meltdown of the 2000s." According to the analyst, the crypto market has lost $1.3 trillion in value in re
Nirmala Sitharaman, India's finance minister, declared on February 1st a 30% crypto tax on any income derived from the transfer of virtual digital assets, indicating that no deductions or exemptions will be permitted. This is a significant step for taxes on crypto that is thought to have placed cryptocurrencies and Non-Fungible Token (NFT) within the tax net.In addition to a 1% Tax Deducted Source (TDS) on payments for the
Suppose the revision of the regulation is approved. In that case, it will simplify domestic exchanges to add more cryptocurrencies without having to go through a lengthy screening procedure for crypto coin listing.According to media reports, the Japanese government is mulling a plan that would make it simpler for regulated cryptocurrency list exchanges to offer digital assets in the country's retail trading market.According
Cryptocurrency is the most significant turnaround of the 21 st century. Everybody wants to be a part of it. Crypto mining is the start to all of it. Over the past year, electricity suppliers in the Russian province of Irkutsk have witnessed a massive surge in power usage. The residents are blaming crypto mining companies. The power consumption has increased fourfold. The planes carrying crypto mining equipment from China
Early 2023 will be blessed with a digital euro because a bill for a digital euro will be proposed the following year. EU finance chief Mairead McGuinness has mentioned in a conference reported by the politico that the European Union would conventionally go for legislation around a digital euro next year. This new digital Euro will be nothing but the EU's version of a central bank digital currency, i.e. CBDC. A central bank di
During a February 8 exploit, Gemini's retirement accounts or IRA financial hacked. Although the crypto IRA firm hasn't said much, victims think millions of dollars were transferred. They joined IRA Financial Trust intending to accumulate a crypto portfolio. Instead, several customers told CoinDesk that their retirement funds had been withdrawn, frozen, and locked, with no explanation as to what would happen next.It's been a
As of February 13, 2022, according to data, the average transaction cost on the Ethereum gas fees has plummeted to its lowest level in four months, marking the lowest level in four months. The last time eth gas costs on Ethereum were this low was in mid-September 2021, and since then, the average rate has dropped to around $15.13 per transfer.The fees for Ethereum are decreasing.Compared to the middle of January 2022, when
Several media outlets indicate that the US government is considering regulate cryptocurrencies like bitcoin. This week, US President Joe Biden is expected to sign an executive order outlining the federal government's digital asset policy.A central bank digital currency (CBDC) research and a government plan to control digital assets are expected to be directed by the presidential order issued this week by crypto regulation U
Key Details and Impact of Executive Order On Cryptocurrency By President Biden This week, President Biden is reportedly planning to sign executive order crypto to solidify the U.S. government's stance on cryptocurrencies. It was anticipated that the executive order on cryptocurrency would be issued this week, but it had already been planned well before the war. According to two sources, the order was being reviewed under an
Now, people in Dubai can purchase and sell items using money after crypto regulation. President Mohammed bin Rashid, who serves as Vice President and is also the ruler of Dubai, said that the emirate had enacted its first legislation on virtual assets.People in Dubai are working on crypto regulations that will protect investors while also assisting companies in growing in a manner that is beneficial to everyone.Consequently, t
A 30 percent tax rate, the same as the lottery winners' tax, will apply to cryptocurrency tax earnings beginning in April of this year. Virtual digital assets include Bitcoin, NFT, and their corresponding profits. However, the tax rate on stock trading varies between zero and 15 percent depending on the tax bracket in which it is lodged (if filed as a short-term capital gain). To avoid falling foul of the legislation in the
Real-world statistics and expert opinion seem to be at odds with European Central Bank President Christine Lagarde, who described cryptocurrencies as a "threat" to global security. Christine Lagarde, the president of the European Central Bank, has reaffirmed her concerns that Russian people and companies are using cryptocurrency to circumvent sanctions.According to Chainalysis, daily crypto trading in rubles was just $7.4 mi
In a significant upgrade, Ethereum, the Blockchain underlying the cryptocurrency Ether, wants to reduce the massive energy use in Ether mining by 99.95%. The firm has declared that it would abandon the current Proof-of-Work system in favour of one based on Proof-of-Stake (PoS) (PoW).Because of the latest upgrade, "Ethereum upgrade will have nearly the same energy consumption as operating a personal computer for each node on t
In response to pressure from local payment authorities, the world's biggest stock exchange temporarily stopped certain payment services on its newly opened Indian market. In only three days after launching operations in the South Asian subcontinent, Coinbase, the world's biggest cryptocurrency exchange located in the United States, has suspended payment services via the United Payments Interface (UPI) on its platform for India
Since mid-January, Shiba Inu Robinhood has begun to form a much-anticipated wedge formation that is supposed to lead to a bullish breakout. This structure's top trendline signaled an upward break even though the price was trading below both contracting trendlines.As early as February, there were rumors that Robinhood might begin trading SHIB tokens. It took six months of persistent campaigning by Robinhood's users before the
A slew of new political and electoral integrity legislation proposed in Ireland would prohibit contributions to political parties in the country paid in crypto donations.Donations to political parties made via crypto donations would be prohibited in Ireland under new political integrity legislation being prepared in response to concerns about foreign meddling in politics.Among the amendments suggested by Minister Darragh O'
As the cryptocurrency industry continues to expand around the globe and across a wide range of businesses, financial institutions are seeing a surge in demand from customers for services and investments in the crypto license that are both secure and compliant with regulatory requirements.One institution that has taken the initial steps toward delivering digital asset-related services is the German-based Commerzbank, which ha
Amid the pioneering fintech revolution, the biggest risk to bitcoin may be money laundering and its use to finance terrorism, stated Nirmala Sitharaman about cryptocurrency on April 18. Ms. Sitharaman stated during her talk at a seminar during the International Monetary Fund's ongoing spring meeting: "I believe the greatest danger for all nations would be the money laundering component and the currency being used to finance
Britain's previous approach to financial technology regulation has been held up as the de facto benchmark, but its more risk-averse stance has stifled the sector's expansion in crypto, according to industry crypto regulators.Investors have been warned by the Financial Conduct Authority and the Bank of England several times since token prices started rising in 2020, but crypto regulation in the U.K. is only just now beginnin
On Wednesday, the Federal Bureau of Investigation detained a 37-year-old man for an alleged crypto mining scam of over a dozen people out of $1.8 million in a lengthy crypto mining scheme.Officials say Chester "Chet" Stojanovich pretended to be a crypto mining equipment dealer between March 2019 and September 2021, convincing would-be customers to pay large sums for mining machines as well as miner-hosting facilities, which St
Avoid missing CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival event in Austin, TX, on June 9-12 this year! On Thursday, it was announced that the football nft crypto will be experimenting with non-fungible tokens (NFT), introducing a series of card-themed collectibles in conjunction with its upcoming player draft.A live version of the collection is available on the league's Polygon-based marketplace,
Three cryptocurrency ETF Australia funds set to debut on the Cboe Australia exchange have been postponed due to ongoing "checks." The scheduled launch of Australia's first 3 crypto ETF funds on Wednesday has been postponed due to additional "checks."A 21Shares representative told Cointelegraph that "the infrastructure is being built from the ground up" and that "a downstream service provider needs more time to support the laun
The bitcoin price finally rose after five days of erratic performance, but experts questioned if the recent surge would have any staying power in an anticipated dismal start to quarterly results, monetary hawkishness, and macroeconomic precariousness, among other factors.The crypto exchanges in India look to be "dropping out of the window, but grabbing onto the ledge," according to Alex Kuptsikevich, an analyst at FxPro, who
In a recent earnings call, the CEO of Singapore's DBS crypto exchange said that his firm's first emphasis is on extending its cryptocurrency services to accredited and institutional investors and that the bank would explore starting a retail line of business if regulators and technology are in place.According to the DBS crypto exchange, a retail cryptocurrency trading desk would be launched by the end of 2022, which said thi
Cryptocurrency donations made to the Wikimedia Foundation, which owns and runs Wikipedia, are no longer accepting crypto donations. It took three months of deliberation, as per the report. Molly White, a Wikipedia contributor, tweeted an image of the notification. According to Mashable, White also maintains the 'Web3 is Going Great' website, which records cryptocurrency frauds and attacks. During a three-month-long conversat
South Korea's newly-elected president, Yoon Seok-yeol, declared on Tuesday that he would compel the country's tax authorities to withhold taxes on South Korea crypto tax investment choice gains at the very least until a new set of regulations called the Digital Asset Essential Act is passed.South Korea's cryptocurrency tax was originally scheduled to take effect in 2022, but it was postponed to the fiscal year 2023 in Decem
According to a recent report, Kazakhstan's government has established new reporting criteria for Kazakhstan crypto miners to understand better the impact of the industry's energy use on the country's power infrastructure. As part of the country's efforts to reduce power use, cryptocurrency mining businesses will be obliged to provide precise details about their activities.In accordance with the regulation, which was released
SmartOptions has launched an on-site platform called SmartOptions Shop for risk-free crypto signal subscriptions in 2023.
Verified Crypto Traders is the first provider featured on the webshop, and users can purchase VCT subscriptions with special discount codes directly on the site.
The initiative reduces the risk of scams and makes the purchasing process smoother and easier for users, with
Google Cloud has partnered with Tezos incubator startups to offer mentorship and cloud credits for Web3 innovation and scale.
The partnership is aimed at providing secure and reliable infrastructure for Web3 founders and developers to innovate and scale their applications.
The collaboration highlights the importance of secure and reliable infrastructure in the Web3 ecosystem and demonstrate
Gaming and cryptocurrencies are two industries that have rapidly grown over the past few years. Combining the two has resulted in the emergence of gaming cryptocurrencies that are quickly gaining traction in the gaming world.
Gaming cryptocurrencies offer several advantages over traditional payment methods. Firstly, they allow for fast and secure transactions, which is essential in the gaming industry where speed is critical.
BitDAO's Mantle Core is seeking to raise $200 million to support Web3 startups.
The initiative aims to create an ecosystem that will provide strategic support, resources, and funding to early-stage blockchain and Web3 projects.
Mantle Core will use a decentralized autonomous organization (DAO) structure, where the community will decide which projects to fund and support.
Mantle Core's proposal
An investor with frozen assets in the bankrupt cryptocurrency lender BlockFi has filed a class-action complaint against BlockFi's executives, two directors, and cryptocurrency exchange Gemini. The complaint alleges that BlockFi and Gemini sold unregistered securities through false statements and significant omissions.
Allegations of False Statements and Significant Omissions
Binance allegedly tried to recruit Gary Gensler as an adviser before he became SEC chairman in 2018, according to a Wall Street Journal report.
The report also details the relationship between Binance and Binance US, noting that Binance wanted to have a "purely contractual" relationship with the American unit, positioning it as a separate operation.
Binance has faced scrutiny for its compliance shortcomings
The European Union (EU) has recently approved the Data Act, which includes a specific section addressing blockchain smart contracts. This move towards smart contract policing is part of a larger data markets plan and has the potential to impact the cryptocurrency industry. With 500 votes in support and 23 votes against, the European Parliament approved the Data Act on Tuesday.
Concerns in the Crypto World
The Asian markets continued their rally on Friday, extending a recent surge on Wall Street. The week was tumultuous, marked by plunging bond yields and a brewing banking crisis, which prompted market participants to sharply lower expectations of future interest rate hikes in Western economies.
Despite the uncertainty, the European Central Bank (ECB) delivered a 50 basis point rate hike, in line with oft-repeated guidance, to