Cryptocurrency Analysis and News Portal
China’s blockchain market is becoming more attractive than ever to foreign investors, with the industry receiving a significant boost from the central government.Although China has implemented regulations in recent years to ban technologies such as initial coin offerings and cryptocurrency exchanges, its support for blockchain, as well as artificial intelligence,
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A Chinese cryptocurrency fitness app has reportedly been placed under investigation for allegedly illegal fundraising practices and financial fraud.Nikkei Asian Review reported the news on Dec. 18, citing documents ostensibly accessed by its affiliate publication, KrASIA. Investors in limboAccording to the report, the market regulator in Changsha, the capital of
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While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam.You will recall that a
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OKEx is currently one of the biggest digital assets exchange and trading platforms that has achieved significant progress since its inception. The platform is known for its constant innovation, characterized by the introduction of new features for users at a regular frequency. In this post, OKEx gives a brief overview
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Bitcoin (BTC) scammers may be abandoning the cryptocurrency to focus on extorting money via prepaid debit cards, a new study suggests.Revealing its findings in a blog post on Dec. 16, cybersecurity company Kaspersky Lab highlighted a growing trend in Brazil as an example of hackers’ growing taste for prepaid
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Privacy-focused altcoin Monero (XMR) will see arguably its best-known advocate step down as the project’s lead maintainer in an upcoming reshuffle. In a blog post on Dec. 16, representatives confirmed that Riccardo Spagni, known as fluffypony in cryptocurrency circles, will in the future serve as a backup maintainer. His replacement
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Crypto markets are in the doldrums at the moment, just as they were this time last year. A $10 billion dump on the week looks bad in the short term but things may not be that negative overall. One of the largest players in the industry has been on a
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The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials.The Indian government doesn’t consider cryptocurrencies as legal tender, but it also
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At the end of November, news surfaced that Russian cryptocurrency users, who have been operating in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join forces to outlaw the use of digital assets as a payment instrument. Shortly after, the country’s interior ministry confirmed
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San Francisco-based cryptocurrency exchange Kraken announced that it has acquired Circle’s over-the-counter (OTC) desk.In a Dec. 17 blog post, Kraken said that the company has bought “one of the most recognized OTC desks in crypto.” Circle co-founders Sean Neville and Jeremy Allaire confirmed the sale of the Circle Trade
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