Over the Lunar New Year period, the Chinese Central Bank distributed CBDC worth millions of dollars around the nation. Around 200 events for the e-CNY were introduced around the nation during the holiday season. This is according to a report in the Global Times which is an English-language arm of
February 6, 2023 1 min read
Today, Binance is introducing Binance Tax, a brand-new tool that gives customers quick access to information on the tax related to their cryptocurrency trading activity. Users of Binance Tax are able to get a report that includes a tax summary of any profits or losses they have made using Binance.
February 6, 2023 2 mins read
Zodia Custody, a subsidiary of Standard Chartered, and SBI Digital Asset Holdings have come to an agreement to form a joint venture in Japan that would serve as a custodian for crypto assets for institutional customers in Japan. SBI Digital Asset Holdings (SBI DAH) and Zodia Custody, which has the
February 5, 2023 1 min read
In order to settle a $38.6 million debt to the New York Digital Investment Group (NYDIG), the once-prominent bitcoin miner Core Scientific signed an agreement to transfer 27,403 of its mining equipment to the latter. A few days before the holidays in 2022, the firm filed for bankruptcy. Over 27,000
February 5, 2023 1 min read
The protracted bear market in Bitcoin and other cryptocurrencies led to a dramatic decrease in the value of WisdomTree’s digital asset holdings in the fourth quarter of 2022. As of December 31, 2022, the total value of the cryptocurrency funds managed by WisdomTree was $136 million. Down from $163 million
February 4, 2023 1 min read
The first phase of Australia’s multi-year strategy to regulate Bitcoin and cryptocurrencies has been unveiled. Through this new approach, the government wants to make sure the regulation of cryptocurrencies safeguards users, according to Assistant Treasurer Stephan Jones. The release cites shoring up enforcement, boosting user protection, and creating a structure
February 4, 2023 1 min read
MetaMask, a leading cryptocurrency wallet, stated on February 2 that it will provide customers with an improved experience when creating new wallets and adjusting their account’s security and privacy settings. Users can now control which functionalities make queries to external services by toggling them in the detailed privacy settings. MetaMask
February 3, 2023 2 mins read
The European Central Bank (ECB) has raised its benchmark interest rate by 0.5% points and said it would do the same in March, in contrast to the Federal Reserve’s 0.25% hike. This was done because of expectations that inflation would remain high in light of continued brisk economic expansion in
February 3, 2023 2 mins read
The first yearly ETHTLV, which takes place from February 1 to 9 in Tel Aviv, is being organized by Israel’s most prominent web3 companies. In addition to establishing the community’s presence in the international web3 scene and discussing the actions web3 must take to enroll the next billion users, the
February 1, 2023 3 mins read
One of the leading banks, HSBC, has recently advertised several high-level roles in the cryptocurrency sector. Suggesting that it may soon join the burgeoning digital asset sector. Recent job postings indicate that the industry’s dominant financial institution is actively seeking to hire a Product Director with responsibility for managing “tokenization”
February 1, 2023 1 min read
