Kraken Exchange Faces Investigation for Sanction Violation

Kraken encountered a similar suit in 2019. A former worker accused the firm of generating cash from accounts of sanctioned nations. The United States Treasury investigated whether the Kraken exchange allowed Iranian to trade digital tokens. The trading platform has been under the radar since 2019, and reports suggest it might encounter penalties, paying fine. … Read more

FTX Provides Lifeboat to Sinking Voyager; Investors to Receive Refunds

FTX crypto exchange has decided to rescue Voyager, the sinking player in the crypto space. FTX CEO Bankman-Fried provided Voyager a resurrection plan that could aid the latter from deteriorating. Voyager suspended user transactions on July 1. Nevertheless, customers could cash out their money and receive investment refunds. Ready to Sail? Voyager Digital customers eventually … Read more

Coinbase Shares Plunge Amid Celsius and Crypto Fears, But Here’s the Catch

The leading crypto exchange is unlikely to pause withdrawals but remains susceptible to one concerning trend. Coinbase Global saw its shares on a sharp plummet on Monday, opening 21% down from the Friday close and trading 14% lower today. The cryptocurrency spectrum struggled over the weekend, and market players often use Coinbase to gauge sentiment … Read more

Crypto Firms Move To Switzerland To Escape Strict Regulations 

A division is stemming up between crypto-friendly states and those against crypto development. Several regions have introduced heavy taxation on crypto firms, while others banned crypto usage. Regions that have introduced strict rules for crypto include Iran, China, and India. However, crypto-friendly nations exist, such as El Salvador, UAE, Singapore, and Switzerland. Meanwhile, countries like … Read more

The Number of BTC Millionaires Dropped By 20% In 2022

Due to the downward trend in the crypto market, several investors have sold their crypto holdings. Many crypto holders converted their digital currencies to stablecoins such as USDT.  Since the price of most stablecoins is pegged to the dollar, it may offer some stability. Also, over 1 trillion dollars was lost in the current bearish … Read more

Binance Inks MOU With Kazakhstan For Crypto Regulation

Binance has decided to work with Kazakhstan’s government to foster crypto regulation. The exchange will provide advisory assistance to the government on crypto and blockchain development.  On Thursday, the crypto firm announced the MOU signing with the Ministry of Digital Development, Innovations, and Aerospace Industry. Both parties are willing to work together to foster crypto … Read more

Coinbase Adds Web3 Functionality To Mobile App

Coinbase, the most popular cryptocurrency exchange in the United States, has begun rolling out Web3 app features to a subset of its app customers, including a browser and a wallet. They will be granted access to decentralized applications (Dapps) present on the ETH network. Some examples of these applications are OpenSea and Uniswap. Mobile App … Read more

BTC Experiences a Dead Cat Bounce After Witnessing the Worst Crash in 2022

BTC is enjoying a dead cat bounce following its worst drop of the year. Bitcoin is currently trading at $30.5K, up from this week’s low of $25.3K. It has dropped drastically from its ATH of about $70K. So, how long will this recovery last? BTC’s Comeback The Bitcoin price has risen as speculators hurry to … Read more

Germany Says No Taxes On Selling Of Crypto Held For More Than A Year

In a recent announcement, the German Ministry of Finance said that private persons would not be required to pay tax when selling Bitcoin or Ethereum if they have owned either asset for more than one year. The rules regarding cryptocurrencies have undergone specific revisions thanks to the work of the German Ministry of Finance. The … Read more

Initial Coin Offerings To Be Reintroduced Following Substantial Crypto Changes In South Korea

South Korea’s new government, led by Yoon Suk-yeol, is moving quickly to implement key changes in the nation’s crypto industry. These changes will allow for the reintroduction of ICOs, which were abolished in 2017 due to the high incidence of fraud. A New Crypto Asset Framework For North Korea The new President’s Transition Committee is … Read more

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