Paraguay’s legislature has approved a bill that creates a tax and regulatory framework for crypto mining in the South American country. The senate bill regulates businesses undertaking mining activities in the Bitcoin-friendly nation. The proposal stems from legislation drafted last year by Congressman Carlos Rejala and Senator Fernando Silva Facetti, which also aimed to regulate cryptocurrency mining and trading. It…
The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB), revealed Monday that it has…
On Sunday, hackers infiltrated popular NFT registration platform PREMINT and made away with 320 stolen NFTs and more than $400,000 in profit in one of the biggest such hacks this year. According to analysis by blockchain security firm CertiK, the hackers compromised the PREMINT website on Sunday with malicious JavaScript code. They then created a pop-up within the site that…
“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months. This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the real challenge is whether it can push higher in…
The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore headquarters. The liquidators said in the 1,157-page document that a court decision is needed in light of the number legal proceedings that may arise in the…
Tony Hawk, one of the most popular skateboarders in the world, is planning to build a skateboard park in the metaverse. The initiative, which will be completed in partnership with The Sandbox and Autograph, will also create voxel representations of the skateboarder as NFTs, that will be able to be used in The Sandbox metaverse world. Tony Hawk Takes…
Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins. In a Monday blog post, Disparte named 18 principles Circle had established as part of its effort to shape stablecoin policy in the United States.…
In brief The cheapest-available CryptoPunks NFT is now listed above $100,000, topping that mark for the first time in two months. The rising Punks price comes following a pair of high-value sales last week, at $2.6 million and $3.3 million respectively. All of the major “blue chip” Ethereum NFT collections have taken a massive hit in value over the last…
Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending platform voluntarily filed petitions for Chapter 11 reorganization after closing off the last of its decentralized finance (DeFi) debts owed to Compound, Aave and Maker. …
As the price of Bitcoin and Ethereum rose today, shares of companies traded on Wall Street with exposure to cryptocurrencies buoyed upwards as well. Among cryptocurrency prices, Polygon’s MATIC led the charge, rising 22% on the day, according to data from CoinMarketCap. At the time of writing, Ethereum had climbed 10.5% over the past 24 hours to nearly $1,500, notching…
