The number of Indian users on cryptocurrency exchange Binance has soared after the Indian government began levying taxes on crypto transactions. Meanwhile, daily trading volumes at some major India-based cryptocurrency exchanges are down over 90% since the new tax rules took effect. Binance Sees Record Number of Indian Users The number of Indian user sign-ups
Bitcoin News
The Central Bank of Egypt (CBE) has issued a fresh warning about cryptocurrency, noting that violators could face imprisonment. The Egyptian central bank’s law “prohibits issuing, trading, or promoting cryptocurrencies, creating or operating platforms for trading it, or carrying out related activities.” Crypto Warning Issued by Egypt’s Central Bank The Central Bank of Egypt (CBE)
Twitter’s shareholders have overwhelmingly voted for Tesla CEO Elon Musk to take over the social media platform. “Approximately 98.6% of the votes cast at the special meeting approved the proposal to adopt the merger agreement,” the social media giant said. Shareholders Want Elon Musk to Take Over Twitter Twitter Inc. (NYSE: TWTR) announced Tuesday that
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From
Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that are allegedly associated with the Iranian ransomware gang. Iran Adds 7 New Bitcoin Addresses to
Ethereum classic rebounded on Wednesday, following three consecutive days of declines. The token dropped below $40.00 earlier this week, and continues to trade below this level ahead of tomorrow’s merge event. On the other hand, Solana remained lower, with prices falling by over 8% today. Ethereum Classic (ETC) Ethereum classic (ETC) rebounded on Wednesday, following
Bitcoin’s (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark. JPMorgan
According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic Downturn The current economic downturn that is affecting the traditional and
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA, must be “viewed as a complement to the comprehensive detail of our published framework.” A ‘Basis for Regulatory
A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on
While the Bitcoin network isn’t programmable, it serves as an excellent settlement layer to build robust applications on top of, says Hiro CEO Alex Miller. Hiro provides Bitcoin development tools for developers to build on the Stacks blockchain. Miller said Stacks inherits the Bitcoin network’s security through a consensus mechanism called proof-of-transfer (although this is
The brother of a former Coinbase product manager has pleaded guilty in a cryptocurrency insider trading case. According to the U.S. Department of Justice (DOJ), he is facing up to 20 years in federal prison. DOJ’s First Crypto Insider Trading Case The U.S. Department of Justice (DOJ) announced Monday that Nikhil Wahi, the brother of
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to get into crypto now, predicting that the biggest economic crash in world history is incoming. “Now is the time you need to get into crypto,” he stressed. Robert Kiyosaki Says Now Is the Time to Buy Crypto The
Canadian Prime Minister Justin Trudeau has slammed Pierre Poilievre, the new leader of the Conservative Party of Canada, for telling people that they can “opt out of inflation” by investing in cryptocurrencies. Trudeau claims that his Conservative rival’s crypto advice is not “responsible leadership.” Justin Trudeau Calls Pierre Poilievre’s Crypto Advice Irresponsible Leadership Canadian Prime
Bitcoin’s mining difficulty reached a new all-time high at block height 753,984 from 30.97 trillion hashes to 32.05 trillion hashes. After two difficulty increases during the past month, the network’s mining difficulty jumped another 3.45% higher on September 13. Bitcoin’s Difficulty Reaches 32 Trillion The leading cryptocurrency by market capitalization, bitcoin (BTC), is now a
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported
press release PRESS RELEASE. Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange. Based on the world-class digital asset exchange technology, CoinFloww is proud to launch at a time when crypto exchanges are
Exchange-traded funds (ETFs) have grown in popularity as a means of investing since the mid-1990s due to their intraday liquidity and low transaction costs. In general, ETFs track a specific index and are generally traded on exchanges. In a securities market, ETFs allow investors to trade their shares continuously throughout the trading day, unlike mutual