Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219 Bank Accounts Blocked Iran’s Ministry of Intelligence issued a statement Saturday stating that it has blocked a number of bank accounts due to suspicious foreign currency and cryptocurrency transactions,…
Month: May 2022
Portugal to lose crypto tax haven status as state announces gains duties
To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date. The move to start taxing crypto was seconded by Secretary of State for Tax Affairs António Mendonça Mendes on May 13 according to Sapo, a local news outlet. There is not…
Bitcoin Is Mainly Used in Underground Economy for Illicit Activities – Featured Bitcoin News
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.” Ben Bernanke on Bitcoin, Cryptocurrency Former Federal Reserve chairman Ben Bernanke shared his view on bitcoin and…
Bitcoin 2022 Bazaar Five Stalls
Bitcoin 2022 was home to high-profile keynotes, announcements and panel discussions. But the plebs had their spotlight as well. The Bitcoin Bazaar was the place to get to know some of the most interesting projects in Bitcoin merch — not necessarily world-changing but definitely uplifting. Panties For Bitcoin “BTC — Be Truly Confident” — Panties for Bitcoin What I first…
Decrypt Learn: What is Web3?
Web3 is the next evolution of the Internet, built on blockchains. Blockchains are a new kind of database, making new types of peer-to-peer apps possible. This has profound implications for humanity. Source: https://decrypt.co/videos/explainers/k2wGUJ9I/decrypt-learn-what-is-web3
Solana NFTs Come ‘Full Circle’ as Okay Bears Knockoff Lands on Ethereum
In brief Not Okay Bears is a new Ethereum NFT project that uses reversed artwork from Solana’s Okay Bears project. Okay Bears is one of the most popular recent projects across the entire NFT space. Early in the growth of Solana’s NFT ecosystem, it was common to find obvious knockoffs of top Ethereum projects like CryptoPunks and Pudgy Penguins. Now,…
The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures
B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group’s chief financial officer, André Milanez, made the announcement during a conference call on Monday. Milanez did not provide many details on how the product will work. It is not yet…
Twitch Co-Founder Raises $24M for Web3 Gaming Company Metatheory
Metatheory, a Web3 gaming and entertainment company, has raised $24 million in a funding round led by Andreesen Horowitz, with Pantera Capital, FTX Ventures, Dragonfly Capital, and others participating. Founded by Twitch Co-Founder Kevin Lin, Metatheory is currently developing its flagship project, DuskBreakers, a sci-fi franchise with two minigames. The project makes use of NFTs, unique blockchain-based tokens that demonstrate…
How Bitcoin Should Be Upgraded In The Future
One of the most contentious questions in Bitcoin over the last five years has been how to activate soft forks. There have been many different mechanisms used in the history of Bitcoin to activate new features on the network, the iteration of which has generally evolved with the goal of making feature deployment as safe and non-disruptive as was possible.…
Grayscale Launches European ETF While Urging SEC to Approve GBTC Conversion Into Spot Bitcoin ETF – Finance Bitcoin News
Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra. Grayscale Launches ETF in Europe Grayscale Investments, the world’s largest digital asset manager, announced Monday the launch of its first European exchange-traded fund (ETF) called Grayscale…