Browsing Category
Bitcoin
Report: $1.3 Billion in Crypto Stolen in Q1 2022, 97% Stemmed From Defi Exploits
According to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from…
Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official…
Report: Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related Activities
Cambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal.
Fintech Industry Growing Rapidly
The…
Nepal Shuts Down Crypto Websites, Apps — Warns About Engaging in Crypto Activities
The Nepal Telecommunications Authority has issued a warning that crypto activities are illegal. The regulator emphasized that websites, apps, and online networks related to crypto activities are prohibited to be used, operated, or managed…
Deutsche Bank Predicts Major US Recession Next Year
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic about the future outlook for the…
Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange…
According to a working study published by the U.S. National Bureau of Economic Research (NBER), most Salvadorans stopped using the Chivo wallet after getting their $30 bitcoin bonus. The report shows that the median Chivo wallet user made…
Bitcoin, Ethereum Technical Analysis: BTC Slips Below $40,000 yet Again, Following Brief Rebound on…
Following a brief rally on Tuesday, BTC once again dropped below the $40,000 level during today’s session. Wednesday’s selloff has seen prices fall by as much as 4%, whilst ETH also declined by the same amount.
Bitcoin
The…
L2 Scaling Startup Optimism Reveals Governance Collective, Native Token, and ‘Many Airdrops’
The layer two (L2) Ethereum scaling project Optimism has announced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to…
Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability
The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these…
Argentinian Tax Agency Supports Creation of Global Crypto Report System to Avoid Evasion
The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would make it easier for tax agencies all over the…