The past week has been brutal for significant cryptocurrencies, with nearly $80 billion worth of value wiped off the market following the Fed’s 75-basis point hike. But despite bearish price action in the broader crypto market, gaming-related cryptocurrencies Gods Unchained (GODS) and ApeCoin (APE) have posted double-digit gains over the past week. GODS, the token powering popular NFT-powered card game…
Buying the dip instantly becomes a nightmare when crypto prices go down even further as the bear market continues its onset. However, recent dips show that current prices may potentially be a good entry point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question — is the bottom in? Could you please stop…
The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved in this operation, effecting search and seizure orders for six cryptocurrency…
The Economic Crime and Corporate Transparency Bill was introduced in the United Kingdom’s parliament yesterday to extend police powers over cryptocurrencies in order to counteract cyber crime, money laundering, and “foreign kleptocrats.” While not specifically targeting crypto, the bill would make it “easier and quicker” for law enforcement agencies like the National Crime Agency to “seize, freeze and recover cryptoassets”…
In a world where censorship is growing and the right to privacy is being undermined, Web3 — the next iteration of the world wide web — looks to some like the solution users of online platforms are waiting for. As some pioneering Web3 products and solutions have demonstrated, when users are in control, there are fewer incidents of breaches or…
China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain technology. The country has actively promoted the use of blockchain tech over the years, and thus the high percentage of…
The U.S. Internal Revenue Service (IRS) has been granted the authority to issue a ‘John Doe’ summons to M.Y. Safra Bank, a court in New York ruled on Thursday. The summons will oblige the bank to produce information about customers who may have failed to report and pay taxes on crypto transactions through prime dealer SFOX. In its petition in support…
A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23. The company positions its ETP as a “sustainable and climate-friendly” exposure to Bitcoin with a management fee of 1.49%. The alignment with global environmental goals and Environmental, Social and Corporate…
An international group of experts with extensive background in public and corporate governance will advise global cryptocurrency exchange Binance on regulation. The move is an indication of Binance’s focus on compliance and collaboration with regulators, according to its management. Crypto Exchange Binance Secures Qualified Advice on Regulatory Matters Binance, the world’s leading digital asset exchange in terms of trading volume,…
With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax. U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert and IRS Commissioner Charles Rettig announced that US judge Paul Gardephe authorized the IRS to issue…
