Russian lawmakers recently approved a draft law that could possibly exempt digital asset issuers from making value-added tax payments. It has also established new tax rates on income earned through the sale of such assets. Russia’s New Crypto Legislation As reported by Reuters, the draft law was approved following second and third readings by members...Read More
The Liechtenstein-based cryptocurrency exchange – Unizen – secured a $200 million funding to accelerate its development in numerous fields. The fundraiser was led by the investment management giant Global Emerging Markets (GEM). Unizen is Looking Towards a Rapid Expansion In a recent announcement, the trading venue vowed to employ the multi-million financing to expand the...Read More
US Federal authorities have arrested and charged two 21-year-old men in Virginia with planning a violent robbery of bitcoins worth millions of dollars. The duo had plotted to break into a family’s home in Westchester County, NYC, and force its residents to reveal the code to the private key of the wallet which they thought...Read More
Bitcoin began the month of June slightly beyond the $31,600 mark. However, shortly after, BTC plummeted below the $30,000 mark, where it remained there for almost a week. As a result, traders are predicting how Bitcoin will trend in July. The loss beneath $29,000 on June 11 never recovered because Bitcoin fell steeply to a...Read More
Blockchain analytics firm Chainalysis’ latest report reveals that less than 1% of all holders in major DAOs have 90% voting power. It also cited Solend’s attempt to seize a whale’s account to avoid potential insolvency as contradicting the tenets of decentralization on which web3 is built. Moreover, the document shows that as DAOs span a...Read More
Last week, cryptocurrency derivatives exchange CoinFLEX joined a growing list of digital asset platforms to halt withdrawals due to market uncertainty and issues with its counterparty. The company has now unveiled a recovery plan that involves the creation of a new token. CoinFLEX to Raise $47 Million Announcing the solution on Monday, CoinFLEX said it...Read More
Recent reports indicate that the Ethereum 2.0 merger will be happening sometime this year, with many predicting an early merge in August. This comes even as the network struggles with low scalability and massive gas charges. Merge Coming in The Summer A few months ago, Tim Beiko, an Ethereum network developer, mentioned that the upcoming...Read More
Reports emerged yesterday claiming that Alex Mashinsky – the CEO of the struggling cryptocurrency lender – attempted to leave the country but was stopped by local authorities. However, the Celsius team refuted these allegations, reaffirming that they continue to work around the clock to find a solution to the recent issues. CryptoPotato reported the suspicious...Read More
Tl;dr: We’re announcing two big updates to our Commerce platform: instant, free payments from Coinbase users to Commerce merchants, and seven new cryptocurrencies that can be used for payments through Commerce. One of Coinbase’s goals is to become a platform that brings together consumers and businesses in the cryptoeconomy. By making cryptocurrency transactions easier and...Read More
[PRESS RELEASE – Majuro, Marshall Islands, 27th June 2022] Web3 is the next iteration of the internet powered by decentralized blockchains. Although in its infancy, a wide range of Web3-based cryptocurrencies and projects are scattered throughout the crypto market. Let’s explore the concept of Web3 and navigate the ways users can get involved with Web3...Read More
FTX is not planning to buy Robinhood. The CEO of crypto exchange, Sam Bankman-Fried, refuted rumors about any such deal. According to the latest report, SBF said he is excited about Robinhood’s business prospects and collaboration in the future but clarified that FTX was not exploring opportunities to acquire the financial service company. I have...Read More
The current cryptocurrency downturn is taking its toll and yet another exchange appears to be facing serious challenges. Huobi – a platform that used to be very prominent in china – will reportedly lay off at least 30% of its staff. According to well-known cryptocurrency reporter Colin Wu, Huobi will start cutting staff. The reason is...Read More
Cardano‘s price is pretty down in the weekly chart for almost half a year being unimpacted by the bullish market trends. No doubt, ADA price did attempt to pull a massive leg up multiple times but eventually failed to hold above the gained levels. However, amidst the bearish cartel being outspread within the space, Cardano...Read More
[PRESS RELEASE – Please Read Disclaimer] How many of you were lucky enough to exceed your expectations from an experience you have worked really hard on? Such a long sentence to describe a surreal adventure that hasn’t reached its final stop yet – The XOXO project. As lifelong artists, Maya and Yehuda are always eager...Read More
Paolo Ardoino, the chief technology officer (CTO) of Bitfinex and its stablecoin Tether (USDT), has reacted to reports that traditional hedge funds have joined retail traders in shorting USDT. Hedge Funds Betting Against USDT The Wall Street Journal (WSJ) reported Monday that a growing number of hedge funds had opened USDT short positions, worth hundreds...Read More
The lawsuit filed by the SEC in December 2020, alleging that Ripple Labs Inc, Brad Garlinghouse, and Chris Larsen illegally used XRP as unregistered security to raise $1.3 billion, continues to be delayed to such an extent that The CEO of Ripple is threatening with the possibility of leaving the country in the event that...Read More
This article is also available on Gleb’s personal blog here. In this article, we attempt to design smart contracts encouraging miners to withhold a certain transaction, to better understand how practical such smart contracts are. Better understanding these contracts is relevant in the broad Bitcoin context, and for better understanding the security of time-sensitive Bitcoin...Read More
Yifan He, the CEO of Blockchain-based Service Network (BSN), published an article on June 26 referring to cryptocurrencies as the “biggest Ponzi scheme in human history.” He is also the CEO of Red Date Technology, which happens to be one of the founding members of China’s blockchain infrastructure. The article was published in the state...Read More
