Authorities Need To Prioritize Crypto Regulation And Education – IMF Chair

Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the … Read more

Two Top South Korean Exchanges Raise Concerns Over The Latest Litecoin Upgrade

Two top South Korean exchanges (Bithumb and Upbit) have issued investment warnings over Litecoin’s recent upgrade. It is noteworthy that the exchanges issued their warnings separately. Litecoin’s New Upgrade Might Contradict FATF Policy The English translation of Bithumb’s notice reads, “the Mimblewimble extension blocks (MWEB) enhances Litecoin network’s scalability. However, the developers also included a … Read more

Germany’s Federal Ministry Of Finance Outlines Income Tax Rules For Crypto

On Tuesday, the BaFin (Federal Ministry of Finance) issued a 24-page publication that outlined the transparent tax principles for virtual assets as well as for cryptocurrencies. Individual taxpayers, businesses, and tax practitioners at present have a straightforward way regarding the tax requirements dealing with selling, trading, as well as obtaining cryptocurrencies. The chief important factor … Read more

Jerome Powell Is the Next Chair Of Federal Reserve System

Jerome Powell’s nomination for being the chairman of the Federal Reserve System’s board of governors has been sanctioned on the behalf of the Senate of the United States until 2026. On Thursday, voting occurred in the Senate with 80-19 being the results pointing toward the endorsement by U.S.-based policymakers regarding the chairmanship of Jerome Powell … Read more

Bitcoin (BTC) Stays Beneath $30K amid Regulatory Concerns

The broad market and Bitcoin see early pressure with increased regulatory scrutiny threatening market players’ appetite following roller-coaster events over the past week. Sunday sessions saw BTC on a 3rd successive day of gains, ending the week with an 8% loss. Bitcoin witnessed a 7th sequential week of red. While the space recovered from the … Read more

Coinbase Introduces A Set Of Cryptocurrency Compliance Tools For Law Enforcement Agencies

With its efforts to provide a much better intelligence system, the Coinbase Crypto exchange moves towards introducing new solutions to handle risks more effectively. Popular crypto exchange, Coinbase very recently revealed a brand-new collection of tools and solutions named as “Coinbase Intelligence” to facilitate all kinds of businesses, financial firms, Law makers and individuals who … Read more

Bison Bank Gets Approval Of Portugal’s Central Bank To Run As A Virtual Asset Service Provider

Bison Bank – a bank based in Portugal – acquired permission on the behalf of the Portuguese Central Bank (also called Banco de Portugal) to run as a VASP (virtual asset service provider), making the initial bank across the country to be granted the permission by the regulatory agency. On Thursday, the virtual-asset list of … Read more

Banks In Virginia Can Now Custody Cryptocurrency

Nowadays, cryptocurrency is a hot topic that is under discussion globally. The whole world is working on different aspects of cryptocurrency. The increasing popularity of crypto made the world think about legislation regarding the crypto market. The government of Virginia made legislation and allowed the chartered banks of the state to offer custodial services regarding … Read more

MasterCard Has Filed With USPTO Fifteen NFT And Metaverse Trademark Applications

Inspired with the developments surrounding VISA and American Express regarding the Metaverse, MasterCard has also decided to expand their sources of revenue. New Trademarks Globally popular payment service, MasterCard has recently registered around 15 Metaverse and NFT Trademarks in cooperation with the U.S Patent and Trademark Office. The main motivation behind registering in these trademarks … Read more

Grayscale Seeks Expansion Into Euro Crypto Market, Meets Local Partners

A recent Bloomberg report has revealed that Grayscale Investments seeks to start offering its services to the wider European crypto market. According to the firm’s CEO, Michael Sonnenshein, Grayscale has already started discussing with local partners. Grayscale Already Has A Detailed Plan For Entering Europe’s Crypto Space – Grayscale CEO However, Sonnenshein refused to reveal … Read more