Crypto News in 60 Seconds
November 9, 2022
Adding Staking Services for Seven Different Crypto Assets on Binance US Seven digital currencies are currently available with annual percentage yields (APYs) up to 18%, according to Binance US, which is now providing crypto staking services. Proof-of-stake (PoS) cryptocurrencies like Binance Coin, Solana, Avalanche, LivePeer, Graph, Cosmos, and Audius allow users to earn yields. […]
November 8, 2022
According to Deloitte, 75% of merchants expect to accept cryptocurrency payments over the next 24 months. The main motivations for wanting to use crypto payments were to improve customer experience, grow their client base, and have their brand be seen as “cutting edge.” According to a new Deloitte poll, three-quarters of US merchants aim […]
November 5, 2022
Madison Cawthorn’s crypto promotion is being investigated by the US House Ethics Committee for possible insider trading The House Ethics Committee said on May 23 that it is investigating North Carolina Representative Madison Cawthorn for the illegal promotion of cryptocurrencies. The investigation is looking at whether Cawthorn marketed a cryptocurrency in which he had an […]
November 3, 2022
As the crypto fear index drops to a two-year low, market sentiment is dangerously negative The bearish feeling in the cryptocurrency market has returned. Since the Terra crisis began and investors hurried to get out of the market, this has been brewing. As a result of this, and concerns that the market is about to […]
Until the end of 2023, Thailand exempts cryptocurrency transfers from VAT Thailand’s government has legally provided a VAT exemption for cryptocurrency transfers made through government-approved exchanges. The tax discount will apply to digital money issued by the Bank of Thailand until the end of next year. In Thailand, investors who move cryptocurrencies and digital tokens […]
November 2, 2022
NFTs are classified as financial assets in Hong Kong, which also requires licencing. In a recent advising paper, Hong Kong’s Securities and Futures Commission (SFC) acknowledged NFTs as “collective investment schemes” as opposed to collectibles. NFTs now fall under the SFC’s purview as a result of the recognition. The regulator views NFTs as extremely risky […]
Ethiopian Central Bank Requests Citizens to Stop Using Cryptocurrencies Ethiopian Central Bank Requests Citizens to Stop Using Cryptocurrencies. The National Bank of Ethiopia (NBE) has said that it does not accept cryptocurrency as a valid form of payment and that citizens should refrain from doing so. The bank maintains that the local birr is the […]
Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the […]
November 1, 2022
Binance and TripleA collaborate on a cryptocurrency payment method For its new universal crypto payment gateway for its Binance Pay payment function on its mobile applications, Binance has picked the cryptocurrency payment processor TripleA. A press release on June 10 stated that the new cooperation would be crucial in assisting with the expansion of Binance […]
Blockchain Company Edge Introduces a Private Crypto Mastercard A private cryptocurrency Mastercard that doesn’t require KYC information and doesn’t charge transaction fees has been launched, according to the San Diego-based cryptocurrency company Edge. Privacy advocates should rest easy knowing that the Edge Mastercard has “no name or address linked with it,” according to the […]
Optimistic hacker admits they are whitehat, returns the majority of the money they took The project developers have been asked to provide a return address for the tokens that remain in the custody of optimism hacker, who has acknowledged that they are a whitehat hacker. By taking advantage of a botched transaction involving liquidity provider […]
A Nigerian court sentences a cryptocurrency fraudster to one year in prison with the possibility of a fine. An individual accused of defrauding an unwary cryptocurrency investor has been found guilty and given a one-year prison sentence by a Nigerian court. The prosecution said in its charge sheet that the guy should face appropriate […]
