Image Source: Pixabay Bitcoin extended gains over the weekend ahead of the Lunar New Year holiday and the Spring Festival in Southeast Asia. The major cryptocurrency surged above $23,000 on Saturday, gaining nearly 10% from the previous day, according to CoinMarketCap data. The coin hit a local high of $23,282, a level not seen in … Read more
As major cryptocurrency exchanges such as FTX flounder amid high volatility, nearly 90 percent of cryptocurrencies have low trading volume, while 2 percent of crypto coins have healthy liquidity, a new study has found. There are only 153 major crypto coins traded on multiple exchanges. In contrast, according to a report compiled by Bitstacker, there … Read more
The lower house of the Russian parliament, the State Duma, has voted on a piece of legislation designed to regulate cryptocurrency mining. While lawmakers have rejected that proposal, another bill aimed at legalizing crypto payments in the country, a bill that would allow cross-border transactions with digital assets, is expected to pass the legislature soon. … Read more
South Korea’s government has seized $184 million worth of cryptocurrency in tax arrears over two years, local media reported. Seoul authorities will begin confiscating virtual assets from people accused of tax evasion in 2021. About 260 billion in Crypto has been seized in South Korea for tax evasion. The amount of crypto assets from South … Read more
Crypto industry experts have formed a working group to develop energy-efficient and profitable cryptocurrency mining standards in Russia. The rules will aim to help developers and data center operators deliver more hardware uptime to investors. Russia is set to improve the efficiency of its mining facilities by 2023. A group of crypto specialists have come … Read more
Cryptocurrencies are facing a new threat: the lure of Treasuries offering the same payoff for less overall risk. Cryptocurrencies are facing a new threat: the lure of Treasuries offering the same payoff for less overall risk. In a rare reversal, the crypto yield typically sought by institutions fell below what the US government would pay … Read more
South Korea’s Financial Intelligence Unit is cracking down on 16 foreign currency cryptocurrency exchanges operating illegally in the country. “Illegal business activities by unregistered entities may result in a maximum of 5 years in prison or a fine of up to KRW 50 million,” the regulator said. 16 was suggested by the South Korean inspector … Read more
An Irishman is in danger of losing his farm. An American with suicidal thoughts. 84-year-old widow loses life savings: People caught up in crypto lender Celsius’ meltdown are begging for their money back. Hundreds of letters have been submitted to the judge overseeing the company’s multibillion-dollar bankruptcy and are heavy with anger, shame, despair and … Read more
Source: Adobe / photopixel Elimination of some trading fees on the main crypto exchange Binance The increase in Friday’s trading volume is believed to have been due to a slowdown in prices. Binance CEO Changpeng Zhao (CZ) has now announced measures to combat the so-called laundry business. Specifically, the increase in volume occurred on the … Read more
Indianapolis – If he wins one of the automotive crown jewels, Connor Dali will gladly accept the seven-figure payout for the Indianapolis Champions 500 and deposit American traditional cash directly into the bank. Oh, and bring in some digital dollars. “We have Bitcoin tokens in our contract, so we will win,” she said. Indicar Driver … Read more