China is a region that is against cryptocurrencies, mining, and decentralization or, in retrospect, everything that is crypto. China was considered the leading platform when it came to Bitcoin mining and used to provide a solid hash rate to the Bitcoin’s blockchain,…
Authorities of Venezuela, especially the state of Carabobo, has been making life miserable for mining facilities, as power has been cut out for them. On Saturday, the 7th of August, Venezuelan Authorities operating in the area apparently cut out the electricity supply…
Crypto adoption is on the rise, and since the mid-May crash, this is the first time that the whole crypto market is in sync, and every cryptocurrency is showing positive price signs across the board. The adoption rates are good, too, given…
When it comes to cryptocurrencies and their usage, the United States of America has been trying to weigh out the cryptocurrency industry. One of the recent actions it has taken to execute its plan is by introducing an infrastructure bill. According to…
The crypto community protested in unison against the bill proposed by Senator last week. The bill proposed raising infrastructure money by imposing a tax on crypto transactions. Furthermore, the bills also changed the legal definition of crypto brokers. Keeping in view the…
SEC has made it very clear that they are going to be some extreme enforcement on the crypto industry as the regulatory agency is working its way to fully understand the crypto space and implement changes and regulations wherever necessary. The Securities…
South Korean crypto regulatory authority FSC to ban 11 crypto exchanges. Anonymous resources claimed that multiple mid-scale crypto exchanges in the country won’t be able to convince FSC to approve their operations in South Korea. The Financial Services Commission planned to impose…
Uniswap has managed to become a popular DEX (decentralized exchange) in the crypto industry, despite its flaws and shortcomings. The development firm which is largely responsible for its success, Uniswap Labs, recently announced this past Friday that it should be cutting off…
The government of South Korea has proposed an amendment to its tax code for allowing the tax authority in the country to seize and sell crypto that belongs to delinquent taxpayers. A government official said that the revision will enable direct seizing,…
The recently appointed secretary of Treasury Janet Yellen called for a meeting on the subject of stablecoins. She told the media last Friday that an interagency coordination and communication event is to take place to deal with the stablecoin projects. The President’s…
Binance is once again the media spotlight for all the wrong reasons. It is considered one of the largest crypto exchange platforms in the world. There are many critiques of Binance; however, two global payment giants have recently endorsed the crypto trading…
A number of experts at JPMorgan have recently stated that El Salvador’s decision to legalize Bitcoin (BTC) might be more problematic than anything else, as this could end up straining the flagship crypto’s network. Furthermore, the analysts had criticized the decision and…
Former Employee at Cryptopia Exchange, present in New Zealand, has admitted to stealing more than $170,000 worth of different digital crypto assets from the company, now facing two charges. Details about the Stealing The former employee of the exchange admitted that he…
The elected government in South Korea launched a crypto task force, this has injected fresh hope for the crypto sector in South Korea. The newly created crypto task force is talking hyperactively about the industry trends, and the need to “legalize” cryptocurrency…
Brief – Indian cryptocurrency exchanges struggle to secure reliable payment options as banks break ties. Most crypto fans rely on given alternative combinations. Foreign exchanges find ways to join the Indian crypto space regardless of the uncertainties. Most crypto exchanges are now…
It is recently reported that Palestine is looking for possible ways to gain financial stability and freedom by developing digital currency. Most of the countries around the globe are trying their level best to develop their own Central Bank Digital Currency (CBDC),…
The nominee of President Biden regarding the Treasury Department under the command of the secretary for terrorism and financial intelligence announced to prioritize the new regulations for driving cryptocurrency if he gets selected. To direct the attention of the unit which is…
A variety of reactions all around the globe have been inflamed by the El Salvadoran adoption of Bitcoin (BTC) to be used as a legal tender. Although those in favour of Bitcoin are consequently praising this step yet various regulatory bodies are…
The word DeFi is an abbreviation of decentralized finance. It has fewer intermediaries than traditional finance and is conducted over the blockchain. This means it is not reliant on a single source, enhancing the speed of transactions and reducing complexities. Dan Berkovitz,…
Congressman Ron Paul has come forth with his own ideas and theories regarding cryptocurrency and its place in the current financial sector. The Congressman said that Bitcoin is definitely a new concept and maybe the ideal financial solution of the modern world,…
