Cryptocurrencies

Out of the blue, the UK government decided to bring forward a consultation on the case for a central bank digital currency. Does it mean digital assets await mass adoption? Not so fast. Even enabling of legal framework doesn’t guarantee a change in rhetoric. Regulators continue to see cryptocurrencies and stablecoins as risks to the […]

Quick Take A new tax law will require maximum cooperation from Cryptocurrency providers. The decentralized nature of virtual currencies hampers the work of tax authorities. The European Union (EU), the supranational organization of Europe, will require cryptocurrency trading enterprises to abide by tax regulations to reduce the crime of tax evasion. The EU is implementing […]

ByBit and Swyftx announces their intention to reduce their workforce as they could no longer cope with the crisis of the crypto winter. ByBit is a high-ranking crypto exchange platform based in Dubai. part of the measures that they considered to be taken to keep their business floating is the reduction of their workforce. In […]

The profitability of a Bitcoin mining venture is determined by some factors. The most important factor of them all is the very price of Bitcoin. When the price of Bitcoin is high, mining becomes easier than when the price is low. This is because of the high cost involved in mining new blocks. A comfortable […]

 QUICK TAKE House Financial Services Committee invites SBF to a Dec 13 hearing on his failed exchange The invitation provides SBF with an opportunity to clarify issues and boost investors’ confidence pledges a congressional appearance on a yet-to-be-determined date Sam Bankman-Fried (SBF), who is in hot water, has the chance to address a variety of […]

More than 2 billion dollars was lost in the FTX disaster due to problems relating to a lack of liquidity on the platform. Within 3 days, about 80% of the value of the FTT token was lost. FTX was once seen as a survivor and a champion in the struggling market. What went wrong with […]

The crypto industry has lost another genius – Tiantian Kullander and this is the second of such, after the incident of the death of Nikolas Muchegian who died in late October. Tiantian is an influential young man who co-founded a Hong Kong-based cryptocurrency company which is known as the Amber group. He passed away in […]

Dutch government anti-fraud organization places its searchlight on a man for probable money laundering charges through the use of a Bitcoin ATM A man in his early forties will spend some time in the care of security personnel and give them helpful information regarding where he received the money he utilized in some recent transactions. […]

The creator of a Web3 Social video platform, which is known as Cheelee and a Web2 mobile App program known as NUTson has announced the establishment of a $200 million support fund aimed at supporting the crypto industry in turbulent financial times. The Founder of Cheelee and NUTson, Roman Alekseev, in a statement that he […]

In October, the XRP market consolidated below the 20-day moving average. This was after the bull market faced rejection at the $0.50 price level. The buyers attempted to recapture the $0.5 level, but they were rejected again. This time around, the bearish run brought the price to $0.329. The support was formed from this point […]