Latest news — Page 427

With the significant growth of the crypto market last year, the Revenue Department is planning to strengthen its surveillance of crypto trading this year.

The CBDC pilot, which ran for eight months, was completed on December 31, 2021.

Pal told podcast Bankless Brasil that “there is a reasonable chance” that the total market cap of the global crypto sector could grow as high as $250 trillion as long as the crypto network adoption continues on its tr…

Bitcoin currently accounts for around 20 percent share of the store of value (gold and Bitcoin) market.

The decision to ban crypto mining was based on recommendations made last week by the Technical Committee on Emergency Measures for Energy Supply.

Jeremy Siegel, a finance professor at the Wharton School, University of Pennsylvania, noted that gold has been disappointing and appeared to have lost its appeal among younger investors.

O’Leary revealed that he has invested more in Ether (ETH) than in Bitcoin (BTC).

The Ontario Securities Commission (OSC) clarified that the exchange is not registered under the securities law in Ontario and described Binance’s action of sending emails as unacceptable.

Authorities said that the frozen accounts were used to process transactions worth 51 million rupees (around $288,000) to and from crypto exchanges including Binance, Coinbase, and Coinmama.

Inherited or gifted digital assets will be taxed based on the average price of the crypto the month before and after the date of the donation or the date of the commencement of inheritance.

Musk said pointed out Dogecoin's higher transaction volume capability and its lower transaction cost compared to Bitcoin.

In a regulatory filing with the Securities and Exchange Commission, Virginia-based MicroStrategy announced that it has purchased approximately 1,914 BTC between December 9 and December 29.

The temporary ban on crypto mining is expected to free up 209 megawatts of power for household use,

Long-term holders increased their Bitcoin holdings by 1.846M BTC since the year started.

As Chinese Bitcoin miners closed shop due to the government crackdown on crypto mining and trading, Thai retail miners were able to acquire mining rigs at a much cheaper price.

The crypto exchange announced that it will continue its services for Ontario-based users after successfully working with Canadian regulators.

Bank of Russia sad that the move is aimed at identifying risk areas associated with the use of payment cards and wallets issued to fictitious individuals by cryptocurrency exchangers, online casinos, and unscrupulous …

Genesis Trading head of market insights Noelle Acheson sees strong signs of accelerating institutional investments growth in the crypto market next year.

Kevin Lee recently signed a four-fight contract with the Russia-based Eagle Fighting Championship that specified BTC as part of the payment.

La Haus is making it easier for crypto investors to purchase properties using their digital currencies.

The crypto scammer duped his victims into investing by promising high returns of up to 400 percent in just 200 days.

Banking and other financial institutions will increasingly embrace crypto as more customers want digital currencies to become part of their investment portfolios.

Ricardo Salinas Pliego posted a two-minute video for his 957,200 followers on Twitter urging them to invest in Bitcoin, the world’s largest crypto by market cap.

The company is on track to becoming a crypto-asset provider in Bahrain after having secured an in-principle approval from the central bank.

The country’s Financial Crimes Investigation Board (MASAK) has imposed an 8 million lira (around $750,000) fine on Binance Turkey.

The government reportedly “wants to hold wider consultations on the matter” and it is highly unlikely that the bill will be drafted before March as the Finance Ministry and institutional stakeholders have other priori…

Japan’s recently approved tax plan might negatively impact the country’s crypto sector.

Former President Donald Trump says he is not a fan of crypto and that he prefers the U.S. dollar as currency.

Binance, the world’s largest crypto exchange in terms of volume, will share its rich experience in dealing with regulators worldwide.

Visa's head of crypto explained that crypto-linked cards make it easier for businesses to accept crypto payments.

Celsius Network CEO Alex Mashinsky believes that 2022 will be a year of volatility and uncertainty amidst fears of the Omicron variant, the possibility of monetary tightening by the Federal Reserve, and the rising inf…

The number of BTC purchased is also to commemorate the scarcity of Bitcoin’s supply, which is only limited to only 21 million BTC by design.

Former U.S. Treasurer Rosie Rios is hopeful that regulatory uncertainties in the crypto market would finally be over in 2022.

Fitch Ratings, a global credit rating agency since 1913, shared views on the new cryptocurrency industry.

With his departure from Twitter, there are those who believe that Dorsey could be planning to pursue his interest in Bitcoin.

The Bitcoin miners are expected to add an aggregate hash rate capacity of 826 petahash per second.

He views owning the cryptos as better than owning cash due to high inflation

Banning cryptocurrencies would pose a practical challenge for regulators due to the decentralized nature of digital currencies.

Once the bill is passed, the Industry and Commerce Secretariat, along with the National Securities Commission, Anti-Money Laundering Office, and National Electricity Administration, will regulate the crypto mining ind…

Bitcoin is accepted in both of Elektra’s physical stores and online.