Tag: cryptocurrencies
All news related to cryptocurrencies, the digital assets that are revolutionizing the finance sector.
Sweden Tax Authority Requests $90M from Crypto Miners
Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).
Kraken Introduces a Self-custodial Crypto Wallet
Reading Time: < 1 minuteCrypto exchange Kraken has recently launched their own self-custodial mobile wallet known as Kraken Wallet.
Crypto Companies Are Expanding Their Workforces
Reading Time: < 1 minuteMajor cryptocurrency exchanges have put a hold on planned layoffs that were initially slated to begin in 2023.
UK Intends to Implement a New Crypto Legislation This Summer
Reading Time: < 1 minuteEconomic Secretary Bim Afolami announced that the UK government plans to introduce legislation by June or July for stablecoins, crypto staking, exchange, and custody.
London Mayoral Candidate Promises to Give Away £100 in LONDON Token if He Wins
Reading Time: < 1 minuteBrian Rose, a candidate for London mayor, has proposed to distribute LONDON tokens worth £100 to every city resident.
Retail Investors Are Showing Little Interest in Crypto
Reading Time: < 1 minuteJoe Vezzani, CEO of analytical firm LunarCrush, stated that although Bitcoin and other cryptocurrencies have experienced a significant rise in value lately, retail investors have not yet fully embraced the trend.
Arthur Hayes: Cryptocurrencies Will Fall After Bitcoin Halving
Reading Time: < 1 minuteBitMEX exchange’s founder, Arthur Hayes, is predicting a prolonged period of decline for the cryptocurrency market following the Bitcoin halving.
Crypto Funds See Influx Since Beginning of the Year
Reading Time: < 1 minuteFrom March 30 to April 5, there was a total inflow of $646 million into cryptocurrency investment products, with a record total of $13.8 billion invested since the beginning of the year.
Staking Rewards Exceed S&P 500 Dividends
Reading Time: < 1 minuteThe current average staking reward for cryptocurrencies is 450% higher than the average dividend payout for investors in the S&P 500, even though both markets have seen strong growth.
Galaxy Digital’s Net Profit Reached $296M Last Year
Reading Time: < 1 minuteIn 2023, crypto company Galaxy Digital saw a significant increase in net profit, reaching $296 million.
Total Value Locked in Liquid Restaking Platforms Reaches $8B
Reading Time: < 1 minuteThe total value locked in liquid restaking tokens has almost reached $8 billion.
Google Adds Tool for Tracking Crypto Wallets
Reading Time: < 1 minuteGoogle’s search service has recently added a new feature that displays the balances of cryptocurrency addresses in various networks including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom.
Court Sentences Tornado Cash Developer to 64 Months in Prison
Reading Time: < 1 minuteDutch prosecutors are seeking a 64-month prison term for Tornado Cash developer Alexey Pertsev.
Investors Withdraw $942M from Crypto Funds
Reading Time: < 1 minuteAccording to CoinShares’ latest review, there was a significant decrease in cryptocurrency investment products from March 16 to 22, with a total outflow of $942 million.
The EU Does Not Plan to Ban Self-custodial Crypto Transactions
Reading Time: < 1 minuteOver the weekend, there was widespread panic in the crypto community due to misinterpretation of comments made by Patrick Breyer, a member of the European Parliament.
Goldman Sachs Hedge Fund Clients Are Turning to Crypto
Reading Time: < 1 minuteAccording to reports, Goldman Sachs’ clients have begun re-entering the crypto market this year, motivated by the SEC’s approval of spot Bitcoin exchange-traded funds.
Goldman Sachs to Buy Claims on Liquidated Crypto Companies
Reading Time: < 1 minuteThe head of digital assets at Goldman Sachs has expressed interest in potentially investing in claims against failing cryptocurrency companies as well as exploring other options.
Galaxy Digital’s Assets Under Management Reach $10B
Reading Time: < 1 minuteGalaxy Digital’s Crypto investment firm has recently surpassed $10 billion in assets under management, as institutional interest in the digital asset market continues to rise.
SEC Accuses 17 People of Organizing CryptoFX Pyramid Scheme
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has taken legal action against 17 employees of CryptoFX.
Bakkt’s Shares Could Be Delisted from NYSE
Reading Time: < 1 minuteThe NYSE has issued a warning to Bakkt, stating that if the average closing share price of the crypto custody and trading platform does not go above $1, it may face delisting.
The EU Greenlights New Sanction Rules Involving Crypto
Reading Time: < 1 minuteEU legislators have passed a set of regulations aimed at cracking down on violations of sanctions, particularly those involving digital currencies.
Donald Trump: Bitcoin is an Additional Form of Currency
Reading Time: < 1 minuteFormer US President and Republican Party leader Donald Trump has stated that he would not interfere with their use if he were to win the November election.
Users Lose $104M in Crypto Due to Phishing Attacks
Reading Time: < 1 minuteAn estimated 97,000 users were affected by phishing scams in the first two months of the year, resulting in a staggering $104 million in losses.
Spain Orders Worldcoin to Stop Collecting Data
Reading Time: < 1 minuteThe Spanish Agency for Data Protection (AEPD) issued a temporary order on March 6 to stop Worldcoin from collecting and processing data in Spain.
Deutsche Börse Rolls Out a Crypto Platform for Institutional Investors
Reading Time: < 1 minuteDeutsche Börse has launched a platform for spot trading of virtual currencies, catering to institutional investors.
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