TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- What Colorado crypto owners should keep in mind when paying taxes using digital currencies
Crypto owners must bear in mind that paying off taxes with crypto will trigger another taxable event for the following tax year.
· Regulation
- Crypto exchange Binance obtains a permanent license in Kazakhstan
The license allows crypto exchange Binance to offer products and services as a regulated platform in the country.
· Regulation
- Bitcoin ATMs are increasingly used by a new type of crypto scam called Pig Butchering
In this crypto investment scam, potential victims are contacted via social media or dating apps, where fraudsters pose as a potential romantic partners or pretend as one of the victims’ long-lost contacts.
· Regulation
- Crypto expert says Bitcoin could rise as high as $22K
While Bitcoin’s price struggled for the past week, the crypto managed to soar past $20,000 on Tuesday.
· Insights & Views
- Bitcoin and Ether payments are accepted by McDonald’s outlet in Lugano, Switzerland
This is hardly surprising to residents of the city as Lugano is known as a hotspot for crypto adoption in Western Europe.
· Regulation
- Sega partners with Double Jump Tokyo to develop a blockchain game
The project will be based on the Sangokushi Taisen series, a well-known arcade game in Japan.
· Technology
- Bitcoin, Tether, Wazirx Token, and USDT frozen by Indian authorities connected to its E-nuggets investigation
According to the ED, Aamir Khan, S/o Nesar Ahmed Khan launched the mobile gaming app E-Nuggets, “which was designed for the purpose of defrauding the public.”
· Regulation
- Bitcoin is something governments cannot take, says Senator Lummis
U.S. Senator Cynthia Lummis said that Bitcoin cannot be stopped as governments cannot just confiscate the cryptocurrency.
· Insights & Views
- Kiyosaki recommends Bitcoin, gold, and silver as he predicts the U.S. dollar will crash by January 2023
Kiyosaki isn’t that concerned and even noted that crashes are great times to accumulate wealth as there will be buying opportunities as long as the Federal Reserve continues to raise interest rates.
· Insights & Views
- Ghana’s crypto trading volume in P2P exchanges surges by 400% in two years
With its growth in adoption, researchers believe that Ghana has the potential to reach the same adoption levels as Kenya, which ranked 11th, and Nigeria ranked 19th in Chainalysis’ Crypto Adoption Index.
· Insights & Views
- 4 Asian countries test international settlements using digital currencies
The trial was also participated by 20 commercial banks which used the platform for the settlement of cross-border trades for their corporate customers.
· Technology
- Bitcoin won’t likely be the choice for Russia’s crypto cross-border payments
The possibility of Russia allowing Bitcoin (BTC), Ether (ETH), or any other crypto to be used for cross-border payments is highly questionable because these tokens are “hard to control.
· Regulation
- SWIFT partners with Chainlink for a cross-chain crypto transfer project targeting financial institutions
Using Cross-Chain Interoperability Protocol, the POC project will enable financial institutions using SWIFT to make transactions across blockchain platforms such as crypto transfers.
· Business
- Christie's auction house blockchain-based platform for NFT auctions
Dubbed “Christie’s 3.0,” the platform allows NFT transactions to take place entirely on the ETH network from start to finish.
· Business
- Co-founder of crypto firm Terraform Labs Do Kwon says he won’t hide even after Interpol’s red notice
Insiders fear that the notice against Kwon may set a wrong precedent for the crypto industry and hinder innovation.
· Regulation
- Russia is developing a settlement mechanism for crypto payments in international trade
The Finance Ministry and the Bank of Russia arrived at the conclusion that, in the face of escalating sanctions, Russia “can't do without cross-border crypto payments.”
· Regulation
- IRS secures court order for issuing summons for crypto investors’ records
At least 10 American taxpayers have been discovered by the IRS as having used the SFOX platform to deal in cryptocurrencies but failed to report those transactions to the IRS as required by law.
· Regulation
- DBS’s new crypto trading service allows clients to trade in Bitcoin, Ether, and XRP
The bank has launched self-directed crypto trading via its app giving its qualified customers access to the bank's digital asset exchange and trade in popular cryptocurrencies.
· Business
- Survey predicts 1 million new crypto owners in Australia in the next 12 months
The newly released Swyftx's second Annual Australian Crypto Survey expects around one million Australians to make their first crypto purchase over the next 12 months.
· Digital Currency
- Bits of Gold becomes the first crypto exchange in Israel to receive a capital markets license
Bits of Gold aims to make the world of cryptocurrencies more accessible to the Israeli public in a simple yet secure manner.
· Regulation
- Crypto wallet Pouch wants Boracay to become the Bitcoin Island of the Philippines
Around 120 businesses in Boracay have already agreed and teamed up with the wallet provider to enable the acceptance of BTC payments in their establishments.
· Business
- Nasdaq to offer Bitcoin and Ether custodial services to institutional clients
Nasdaq plans to tap into the growing corporate interest in digital currencies and is now in the preparatory stage of offering custodial services for Bitcoin and Ether to institutional clients.
· Business
- New Bitcoin Solitaire game rewards gamers in BTC for playing the P2E mobile version of the popular card game
Before the launch of the Lightning Network, using Bitcoin as a virtual gaming currency was impractical due to its high fees and low transaction speed.
· Business
- Crypto wallet firm CEO views the current bear market as an opportunity to address 3 barriers preventing Web3 mass adoption
Trust Wallet CEO Eowyn Chen believes that the most important point to address is Web3’s “identity and privacy aspects.”
· Business
- Luna crypto drops by almost 50% after Seoul court issues arrest warrant for Terra co-founder
LUNA’s price dropped by as much as 48.4 percent to $2.23 before recovering slightly after news of the warrant was released.
· Regulation
- Huobi is now the third major crypto exchange Busan has tapped for its local crypto exchange project
Busan Metropolitan City already partnered with Sam Bankman-Fried's FTX and Binance, the world's largest crypto exchange by volume.
· Technology
- Vietnam, the Philippines, and other emerging markets dominate Chainalysis’ Global Crypto Index
Vietnam holds the number one spot while fellow lower-middle-income countries such as the Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, and Indonesia have managed to secure a spot among the wor…
· Insights & Views
- Starbucks incorporates NFTs into its rewards program
Members of the iconic coffee chain’s rewards program can just use their Starbucks Rewards login credentials to engage in Starbucks Odyssey “journeys,” which is a series of fun activities that include challenges and in…
· Business
- Bitcoin rebounds and trading above $22K
Analyst il Capo of Crypto predicts that Bitcoin’s current bullish trend might be short-lived. He said that BTC will likely go as high as $23,000 before turning bearish once more.
· Insights & Views
- MicroStrategy plans to buy more Bitcoins by selling up to $500M of stock
Bitcoin plunged below $18,700 last week but the crypto eventually recovered and, at the time of writing, BTC traded at $22,175.29.
· Business
- Thai SEC accuses crypto exchange Zipmex of providing incomplete information on digital wallets and crypto transactions
The SEC said that both crypto exchange Zipmex and its co-founder Akalarp Yimwilai forwarded incomplete information outside of the approved timeframe without offering reasonable cause or excuse for the delay.
· Regulation
- Crypto ads must not trivialize investing in cryptocurrencies, UK’s ad regulator warns two former reality stars
The regulator also said that the ads contained phrases that could lead consumers to believe that investing in crypto is risk-free and simple, especially for those who are not very knowledgeable about digital currencies.
· Regulation
- South Korean lawmakers propose the Metaverse Industry Promotion Act
A member of the National Assembly, Heo Eun-ah, recently proposed the enactment of the Metaverse Industry Promotion Act to aid the Web3 industry’s growth.
· Regulation
- IMF acknowledges cryptocurrencies becoming more mainstream and calls for a global response toward regulation
The IMF believes that the best approach, for now, is for regulators worldwide to come up with a global response that is consistent, coordinated, and comprehensive.
· Regulation
- LG to launch crypto wallet that supports NFTs this year
LG Electronics, which is part of the country’s fourth-largest chaebol LG Corp., is getting into the crypto service business by offering a crypto wallet.
· Business
- Iran ratifies a set of crypto regulations described as more “comprehensive and detailed”
Reza Fatemi-Amin, the minister of Industry, Mines, and Trade, told reporters on Sunday that the Iranian government approved a set of cryptocurrency regulations after completing its evaluation of all issues related to …
· Regulation
- Busan partners with crypto exchange FTX for its crypto exchange and blockchain projects
The technology and infrastructure of FTX will be used by Busan City to establish its own crypto exchange.
· Technology
- Crypto can be an alternative in international settlements, says Russian PM
The head of Moscow’s executive power stressed the need for the Russian Federation to intensively develop innovative areas such as the introduction of digital assets.
· Regulation
- CBDC transaction fees were reduced by half for Nigeria’s e-naira
In a move aimed at promoting the use and adoption of the e-naira central bank digital currency, the Central Bank of Nigeria (CBN) has reduced service fees by 50 percent.
· Regulation
- Founder of Turkish crypto exchange Thodex arrested in Albania
After the shutdown of his crypto trading platform in 2021, Ozer vanished, which prompted Turkey to issue an international arrest warrant for him in April of 2021.
· Regulation