Crypto News in 60 Seconds
October 25, 2022
Although there is still pressure on bitcoin miners to sell, falling production costs offer relief. The recent decline, along with countless other factors, has put pressure on Bitcoin mining companies. According to Politico, miners have had to contend with rising interest rates, rising energy costs and falling prices, which means lower demand and shrinking […]
October 23, 2022
Bill on cryptocurrency approved by the Paraguayan Senate The Paraguayan Senate has approved a bill on the regulation of digital currencies and their activities in the country. The bill, which was previously introduced in the House of Commons, passed with some proposed changes, creating clear definitions and tax exemptions for companies operating in the digital […]
October 21, 2022
Itau Unibanco considers providing cryptocurrency services and establishes a tokenization unit in Brazil.. Itaú Unibanco, one of Brazil’s largest holding companies, has announced that it is considering offering cryptocurrency trading services to its clients. The company said it will offer tokenization services through its digital asset division, which will allow customers to issue tokens backed […]
October 19, 2022
After the NFT Charity Auction, the comedian Bill Murray’s wallet was breached for $186k worth of Ethereum. On September 1, 2022, American actor and comedian Bill Murray’s wallet was depleted of 119.2 ETH after Murray held a charity auction of non-fungible tokens (NFTs). Statistics show that most of the tokens and NFTs have been moved […]
Zambian Kwacha surpasses the Russian Ruble to become the world’s best-performing currency thanks to IMF bailout approval. The southern African country’s currency, the kwacha, rose 3.1 percent after the International Monetary Fund announced approval of an aid package for Zambia. After this growth, the kvacha surpassed the Russian ruble to become the world’s best currency […]
Will the recovery to $22k be lost with Bitcoin Whale Exchange inflows? The influx of bitcoin whales on the exchange has recently hit an all-time high, and Chain data show that the recent buildup above $ 22,000 may not last long. As one analyst noted in a CryptoQuant publication, current whale deposits for exchanges are […]
October 18, 2022
Do Kwon’s passport will be revoked by South Korea’s ministry of foreign affairs, according to a report. According to local reports from South Korea, the Ministry of Foreign Affairs is seeking to cancel the passport of Doo Kwon, one of the founders of Terraform Laboratories. The story comes a day after it was announced that […]
In the wake of political and economic uncertainty, Argentina Turns to Stablecoins Amid the recent uncertainty caused by the resignation of some key members of the government, citizens of Argentina are using stable currencies to protect their savings. Late last week, the country’s economy minister resigned along with other figures, sparking chaos that saw the […]
In light of the weak market, US states are reconsidering crypto tax payments. According to Bloomberg News on July 5, U.S. states are reconsidering accepting tax payments due to the bear market prices, with the exception of Colorado and Utah. Although Colorado and Utah didn’t flinch, they still need to work out administrative issues […]
October 15, 2022
Tornado Cash is unique, according to TRM Labs, in reaction to OFAC sanctions. DRM Labs is a blockchain analytics company that helps identify blockchain risks for financial institutions, crypto businesses and government agencies. The company provides a variety of services, including risk assessment of virtual asset service providers and other crypto businesses, investigation of the […]
They formed a strategic partnership to create the STEPN Virtual City in GigaSpace. New GigaSpace Metawares has entered into a strategic partnership with the STEPN fitness program to create a STEPN virtual city for its community. Sharing the same vision with STEPN – building a bridge connecting Web2 & Web3, GigaSpace is building a virtual […]
According to Michael Seeler, CEO of Microstrategy, his company recently bought 301 bitcoins worth $6 million at an average price of $19,851. Seiler described that the company currently holds 130,000 bitcoins on its balance sheet, as the company’s holdings are the largest amount of bitcoins held by a public business today. MicroStrategy is the most […]
