Ethereum Destroyed About $6 Billion of its Own Cryptocurrency on Purpose
Since August 5, 2021, the Ethereum network’s burn rate has exceeded 2 million ethers worth $5.81 billion. The 24-hour burn rate of the crypto network...
Category : News
Increased Scrutiny Has Been Placed on the UK’s Crypto Advertisements
The UK’s advertising authority has issued enforcement notices to over 50 firms that have promoted cryptocurrency. The Advertising Standards Authority(ASA) said that the notice is...
Malaysia Should Legalize Crypto, Says a Government Official
According to local news source Harian Metro, Datuk Zahidi Zainul Abidin, deputy minister of communications and multimedia, has urged that Malaysian authorities authorize specified applications...
Bitcoin Outperformed in 2022 as Compared to Other Major Altcoins
Bitcoin attracted institutional investment despite the market fall. Since the beginning of 2022, Bitcoin’s value has fallen by around 15%, compared to a 30% reduction...
Ukraine has finally legalized the use of cryptocurrency
In the midst of rising Russian-Ukrainian tensions and global market anxiety about the risk of a larger conflict, Ukraine finally approved the use of cryptocurrencies...
Argentina faces outrage from public for discouraging crypto by complying with IMF guidelines
A compromise has been reached between Argentina and the International Monetary Fund (IMF) in order to renegotiate its debt repayment plan for the $45 million...
Japan urges crypto companies to comply with Russian sanctions
On Monday, Japanese authorities ordered cryptocurrency exchanges not to conduct transactions involving crypto assets that are subject to asset-freeze penalties imposed on Russia and Belarus...
Bitcoin is Becoming More Prominent Amongst Mexican Drug Cartels
According to a recent investigation, some of Mexico’s most known drug cartels are increasingly employing bitcoin in their illegal activities. Jalisco New Generation Cartel and...
Thailand Approves Crypto Trading Tax Relief Measures
The Thai Cabinet has authorized tax breaks for cryptocurrency traders. According to a Thai bitcoin exchange executive, the new tax rules are “far more beneficial...
Polygon network faces interruption for several hours after…… an upgrade
Ethereum scaling solution at layer 2 Polygon has been without a fresh block for nearly 11 hours, with creators blaming the problem on a network...