Cryptocurrency Analysis and News Portal
The Indian tax authority's revision in the amounts that it seized in taxes and penalties from crypto exchanges and the number of platforms it targeted reflects the government's harsh stance toward digital assets; Solana has a banner day. Source
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“It would be ideal from a social viewpoint to intervene and have a less tolerant approach towards these activities,” said Panetta, who is a member of the ECB’s executive board, to a meeting of the European Parliament’s Economic Affairs Committee, saying that Bitcoin-type activities were “pure gambling, wasting enormous amounts
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Cryptocurrencies have come a long way over the last few years, so much so that their market capitalization is now above the $2 trillion mark, and large businesses including Tesla and MicroStrategy have invested billions in Bitcoin (BTC).While institutional investments in crypto assets have been growing over the last few
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The Bank of England is working on a strict regulatory framework for crypto assets. The Bank of England announced these plans as part of its efforts to prevent the risks to financial stability that the rapid growth of cryptocurrencies could cause. The global crypto sector flourished in 2021, with the total
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Last week, Bitcoin (BTC) dodged a regulatory bullet in the European Union when proposed cryptocurrency legislation was altered to not include a ban on proof-of-work- (PoW)-based crypto assets. Policymakers had raised a number of concerns about the relative anonymity of crypto transactions and their environmental impact. Some experts including Tim
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Singapore's high standards may be discouraging some crypto companies from establishing operations in the nation state; investors were wrestling with the latest developments in Ukraine and await the order by President Joe Biden on Wednesday. Original Source
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Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as OpenSea. It is a real platform economy that is emerging, like those in which YouTube or Booking.com gained a foothold. But it is a very young economy — one
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Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly
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Microsoft, the software behemoth, announced today it had completed a deal to acquire Activision Blizzard, one of the biggest game developers and publishers in the gaming world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important franchises like “Call of Duty,” “Candy
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At the WEF’s 2022 Davos agenda, Narendra Modi, Indian Prime Minister, called for a united global stand to tackle the issues emerging from the cryptocurrencies’ increasing adoption. The key takeaway of the Indian PM’s talk was, “A single country cannot tackle the challenges from crypto well enough.” Call For A Standard
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