Twitter shares surged up after serial entrepreneur and CEO of Tesla, Elon Musk, spent a whopping sum of over $2.89 billion to purchase a 9.2% share in Twitter. Also, the news sparked a jump by over 10% in Dogecoin’s trading price as the DOGE community reacted to the report. Elon Musk Invests In Twitter Billionaire…
Enormous XRP transfers between cryptocurrency exchanges are continuing, according to an official Whale alert Twitter account, whereas Ripple has re-escrowed the remaining cash just disbursed. With a few major cryptocurrency exchanges, Ripple has moved over 313M XRP, like two of the on-demand liquidity routes by Ripple in Asia and Latin America, respectively. 313.1M XRP Moved…
Per multiple reports, Indonesian authorities will start charging value-added tax (VAT) on crypto transactions and another 0.1% tax on profits from crypto investments. Part of the official announcement states that the policy will become effective by next month. Crypto Transactions Are Taxed Because They Are Commodities – Federal Authorities The current Indonesian crypto policy considers…
Bengal Energy intends to mine BTC using energy discharged from “abandoned” gas reservoirs in response to the increase in BTC mining this year. Bengal Electricity, an oil and gas firm in Canada, plans to invest in cryptocurrency mining operations using power from “abandoned” gas reservoirs. The company aims to install 70 Bitcoin mining machines within…
The leading digital asset has kept its gains in the last seven days, and its price is $47.5K as of this writing, only losing a little above 0.15% over the previous 24 hours. While many analysts are confused about its next price movement, nearly 56K investors are confident that BTC’s price will be slightly over…
Greenpeace and Ripple’s “change the code” campaign came off the BTC community in the wrong way, and the BTC community has been reacting since the campaign started yesterday. Bitcoiners saw the campaign as slander on the Bitcoin network, and they have been responding ever since. Responses From Various BTC Advocates. While many of these responses…
Top US-based crypto exchange, Coinbase, has requested that the crypto community reject the EU’s proposed amendment of the funds’ transfer policy, stating that a modification of that policy will negatively affect crypto transactions, especially a breach of privacy. The exchange, whose headquarters is based in San Francisco, further appealed that the crypto community should be…
A US-based insurance firm plans on combining blockchain tech with crypto to provide adequate insurance for subsistence farmers globally, especially African farmers. Highlights Of The DAO Terms Through its Lemonade crypto climate coalition (an autonomous DAO), the Lemonade foundation plans to provide subsistence farmers with low-cost insurance. The insurance partner (parametric insurance) will give insurance…
The top crypto regulator in Venezuela, Sunacrip, has announced a revamp of its wallet (the Petroapp wallet), allowing users to access new features, including the governance token (PTR). Part of the new features are ways users can exchange the PTR for other cryptos, some sets of gift cards, and a variety of payment options. The…
The SHIB community has been experiencing growth tremendously since the beginning of this year. Strangely, the community lost nearly 55K SHIB holders within nine days. Coinmarketcap data revealed that SHIB members are now 1,144,119 as of March 25 compared to 1,198,788 as of March 15, indicating a decline of 54,669 within ten days. SHIB Holders…
Since this week, there have been substantial cash inflows into smart contract networks, notably Ethereum, Cardano, and Solana. On-chain analytics platform, Santiment, claimed that the surging demand for decentralized solutions might be the reason for this funds inflow. Short Order Liquidation Volume Soars After ETH price surged past the $3K level, Santiment’s data feed observed…
On Wednesday, the largest American-based crypto exchange, Cardano, revealed that its platform will start supporting Cardano staking services. A top-level executive with the company remarked that Coinbase’s choice to offer Cardano staking services was simple because the network ranks among the top ten blockchains. This blockchain is based on a pos algorithm that is flexible,…
One of Cardano’s founders, Charles Hoskinson, has claimed that the Cardano team is planning three colossal upgrades for the network to achieve greater scalability before the end of this year. We Are Working On Three Big Things For Cardano – Hoskinson In the latest interview with popular podcast host, Marco Monty Montemagno, Hoskinson revealed the…
Top crypto exchange (FTX) and the largest ETP issuer in Europe (Coinshares) are forming a partnership to launch a Solana ETP. The first product to be launched under this partnership is the physically staked Solana ETP due for listing on Xetra (a German-based finance marketplace). Coinshares will provide tech support through its Galata technology, while…
Crypto asset management firm Grayscale has announced a non-ETH trust fund launch, especially those for Ethereum’s main rivals such as Solana, Polkadot, Cardano, and Avalanche. Grayscale’s Newest Investment Product On March 22, Grayscale revealed its latest crypto investment fund product (Grayscale smart contract platform ex-Ethereum, GSCPxE). According to Grayscale, the primary objective of launching this…
Less than seven days to implement the updated tax laws, confusion reigns over India’s crypto tax policies. A parliamentary addendum to questions regarding the crypto tax policy states that crypto traders can’t compensate for losses on one digital asset by making a profit from another one. With the updated policy set to become effective by…
Eight days ago, a crypto user wouldn’t have envisaged that a keyboard mishap and a sniper bot would make him lose over $1m within a few minutes. But that’s what happened to Twitter user @Dino_Dealer last Thursday. The Pain Of A Huge Loss Dinodealer had wanted to list a rock as 445 ETH (about $1.2m)…
Russia’s apex bank has approved Sberbank (the nation’s top lender) to start providing digital assets services. The move became necessary after EU and US sanctions had strongly devalued Russia’s fiat currency earlier this month. The Operational License Becomes Effective Immediately Sberbank released an official statement confirming the notice saying, “we are among the financial service…
Apart from being the wealthiest person on earth right now, Elon Musk has considerably influenced the crypto market. However, scammers have crypto tokens that exemplify the female version of the Tesla CEO, named ‘Elona Musk.’. As of this writing, more than 30 of such tokens are now available, with about half of them being honeypots….
Despite no end in sight in the war between Russia and Ukraine, the latter’s deputy minister for digital transformation has revealed that Ukraine is already planning to release some moments from the war in the form of digital collectibles. That’s why the country is already making requests to fund its war with Russia through NFTs….