Holders of these coins have a new way to get passive income. Crypto exchange Bitfinex is now offering a way for holders of three different cryptocurrencies to earn up to 6.2% annual interest. According to a Sept. 30 announcement, Bitcoin (BTC) and Ethereum (ETH) holders are now eligible to earn up to 6.2% annual percentage […]
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Crypto garnered another mention in one of Maduro’s bombastic speeches. The President of Venezuela Nicolas Maduro says that the country’s government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions. On Sept. 29, Maduro presented a new bill that intends to help the country overcome the impact of United States’ sanctions. […]
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Singapore continues to apply blockchain in its public administration. In a pandemic era of unprecedented health data collection and surveillance, Singapore is turning to blockchain technology for the infrastructure that can make it work. Government-owned investment firm SGInnovate and Singaporean startup Accredify have jointly developed a new blockchain-powered digital health passport, according to a report […]
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But it remains unclear where KuCoin is actually headquartered. Chainalysis, a major global cryptocurrency analytics firm, is expanding its presence worldwide to embrace more jurisdictions for its crypto investigations. Providing services to federal agencies like the Internal Revenue Service and the FBI, Chainalysis is launching new offices in Singapore and Tokyo to better service customers […]
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A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan ‘entrepreneurs network’ has started testing under the local regulatory sandbox. YENTS, an unusual stablecoin developed by the Kenya’s Young Entrepreneurs Network (YEN), has entered into testing under the local regulatory sandbox. YEN, which organizes golfing tournaments to facilitate […]
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For the U.K. to remain attractive to the crypto industry, it should strive to provide more clarity and certainty around compliance. Policymaking in the United Kingdom is typically reactionary, and this is no less true in the context of the crypto-asset industry. Reactionary policymaking means that the U.K.’s crypto regime is occasionally behind those of […]
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If it’s a taxable event, authorities want to know. New Zealand businesses must now submit information on their clients’ digit asset usage to the country’s tax regulator, the Inland Revenue Department, or IRD. The governing body said it wants to get a better grasp on the crypto scene in the country and determine an applicable tax […]
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Despite Bitcoin’s online sentiment being at a two-year low, analytics say that BTC may be on the verge of a breakout. The global economy doesn’t seem to be in a good place right now, especially with countries such as the United Kingdom, France and Spain imposing fresh, new restrictions across their borders, thereby making the […]
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Banking will not become decentralized, but with blockchain, it will become accountable for both banks and clients. Recently, European central bank executives — Thomas Moser from Swiss National Bank and Martin Diehl from Deutsche Bundesbank — stated that central bank digital currencies don’t need a blockchain. They expressed their opinions by saying that blockchains — […]
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Local authorities hope that tackling the issue will restore trust in the e-residency program. The e-residency program of Estonia is now under the local regulator’s radar as foreigners registered as e-residents of the Baltic nation are being linked to cryptocurrency frauds. The local police’s Financial Intelligence Unit has discovered that overseas companies owned by e-residents […]
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