The Federal Reserve authorized a lesser interest-rate boost than previous ones this year but indicated intentions to keep increasing rates next year to battle excessive inflation, sending the price of cryptocurrencies down along with U.S. markets. Inflation in the United States is at a 40-year high, therefore the Federal Reserve
December 15, 2022 2 mins read
Australia’s government said on Wednesday, December 14 that it is doing the necessary to enhance crypto service provider regulation. The government plans to issue a discussion paper in early 2023. In order to determine which kind of digital assets they want to regulate. Moreover, the Australian government is contemplating major
December 14, 2022 1 min read
In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening
December 14, 2022 1 min read
In Cuba, cryptocurrency has advanced to the point that its inhabitants may use it to purchase goods online from outside, recharge their mobile phones and the internet, and send and receive money from family and friends living outside of the country. However, challenges remain for cryptocurrency mining to achieve the
December 12, 2022 1 min read
A key figure in the organization of Russia’s greatest financial pyramid in recent years, Finiko, has been arrested in the United Arab Emirates. After the arrest of Zygmunt Zygmuntovich. The other co-founder of the Ponzi scam, last month, news of Edward Sabirov’s incarceration in an Arab nation comes as a
December 12, 2022 1 min read
Countries across the globe are stepping up regulations due to recent events that have unfolded in the crypto market. New “tax transparency rules” for the cryptocurrency sector are on the agenda of Brussels’ executive authority. Not only EU-based service providers. But any service providers that facilitate transactions in crypto assets
December 11, 2022 1 min read
Some of the most distinguishing features of blockchain technology are its decentralization, transparency, immutability, and automation. Use applications for these components are almost limitless because of the breadth of their applicability across sectors. There has been a recent uptick in the number of nations examining how blockchain technology may be
December 11, 2022 1 min read
On December 1st, Symbiont filed for Chapter 11 bankruptcy. After having joined the rush of businesses over a decade ago. Aiming to introduce crypto’s underlying blockchain technology into conventional finance. In a petition with the United States Bankruptcy Court for the Southern District of New York. The corporation said that
December 10, 2022 2 mins read
The government of the United Kingdom has proposed over thirty changes to financial regulation, some of which include the expansion of tax benefits for investment managers to include crypto assets. To replace EU law in areas like disclosure for financial products, the so-called “Edinburgh Reforms” ease ring-fencing capital regulations to
December 10, 2022 1 min read
DappRadar, the world’s largest dapp store, has released its latest industry report, which demonstrates the blockchain industry’s fortitude in the face of recent setbacks like the FTX exchange’s closure and an increase in hacks, frauds, and vulnerabilities in the decentralized financial sector. Though one would expect consumers to flee in massive
December 9, 2022 2 mins read
