Coinbase faces the US’s SEC investigation into releasing its crypto listings
Since Coinbase underwent expansion, it has been under the constant scrutiny of the Security and Exchange Commission of the US. SEC has filed a complaint...
Tag : btc
Regulations for Crypto by 2023-South African Reserve Bank (SARB)
The deputy governor of the South African Reserve Bank (SARB) has announced that cryptocurrency trading would be regulated in South Africa during the next 12 to 18 months, beginning on July 12, 2022. SARB investigations have shown non-compliance with cryptocurrency legislation, resulting in tax evasion, money laundering, and terrorist funding which is caused by decentralized cryptocurrencies. SARB...
Taxation on all cryptocurrency transactions to be waived for the next two years in South Korea
South Korean digital asset owners can rejoice because the government has declared that all taxes on blockchain transactions will be waived until January 2025. The...
Bearish Crypto Market forces Blockchain.com to cut down 25% of its staff
Blockchain.com, which deals with digital asset trading, suffered immensely in the bearish market of cryptocurrencies. Therefore, they have decided to shed down 25% of its...
Bitcoin rebounds after Tesla sells 75% of its holdings
Tesla Inc sold nearly 75% of its Bitcoin holdings late Wednesday, causing the virtual currency to temporarily fall in value. Bitcoin rebounded following the announcement....
FBI: 244 investors lost $40 million to fake crypto apps
The FBI has warned the general public after hackers who pretended to be trustworthy companies stole more than $40 million from US investors. The study...
Volatility resulting from selloffs triggers further regulations in crypto
Cryptocurrencies are notorious for their volatility, but the crypto market has recently shrunk to an all-time low this year. The cryptocurrency market cap reached a...
Worldwide crypto ATM installations fall 32%
During the year 2022, there was a decrease in the number of crypto ATMs throughout the world. Many crypto assets saw their value plummet as...
Crypto is becoming part of the mainstream payment system
A cryptocurrency is built on blockchain technology, which is used as a medium of exchange, creating value for its users by providing low transaction costs...
Lender Celsius Is Accused of Operating as a Ponzi Scheme
A former money manager for Celsius Network, a crypto lender whose assets were frozen last month, claims the company failed to hedge its risks and...