Cardano (ADA) has remained in the top 10 cryptocurrencies by market cap despite a brief slowdown this week. Over the past day alone, ADA gained over 7%, depicting its revival with the onset of the bull market. Furthermore, a crucial on-chain metric has reached heights last seen over two years ago, further validating the bullish...Read More
American crypto exchange Coinbase will stop offering rewards to holders of the USD Coin (USDC) stablecoin located in the European Economic Area (EAA) on November 1. In a note to clients, the exchange explained that the move had been triggered by “new requirements for e-money tokens” that are expected to come into effect with the...Read More
Russia is one step closer to implementing a comprehensive framework for taxing cryptocurrency transactions and mining. Its Federation Council approved a federal bill on November 27, following its passage in the State Duma. The legislation, which awaits President Vladimir Putin’s signature to become law, classifies digital currencies as property and exempts crypto transactions from value-added...Read More
Taiwan’s Financial Supervisory Commission (FSC) will enforce new anti-money laundering (AML) regulations for cryptocurrency service providers starting November 30. The upcoming rules require crypto exchanges and other virtual asset service providers (VASPs) to register for AML compliance. AML Framework The deadline for mandatory AML registration for crypto companies was initially January 1, 2025, but the...Read More
The 2024 cryptocurrency market witnessed an explosive rally, spurred by Donald Trump’s victory in the Presidential Election. Data suggest that interest in Layer 1 blockchain solutions has soared, as these platforms provide the foundation for dApps and Smart Contracts, intensifying the race for L1 dominance. Unlikely Cryptos Take Center Stage According to the latest report...Read More
