Browsing category

Crypto

2335 posts

Stay informed with the latest crypto market news and updates on the best crypto news website. Explore real-time data with the real-time crypto heatmap.

Modi Reappoints Nirmala Sitharaman as India's Finance Minister — Investors Remain Concerned Over High Crypto Taxes

June 11, 2024

Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019.

South Korean Regulator Excludes Certain NFTs From Crypto Regulations

June 11, 2024

South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act…

$16B Injected Into Stablecoin Economy in 90 Days; Tether Claims 69% of Total

June 10, 2024

Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market…

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

June 10, 2024

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. Trump Reportedly to Participate in…

Elliptic Study Finds AI-Enabled Crime in Cryptocurrency Remains in Early Stages

June 10, 2024

A new study has found that crimes enabled by artificial intelligence in the cryptocurrency ecosystem are still in their nascent stages. Stakeholders can prevent these activities from becoming widespread through timely and measured responses. Data from the same study indicate…

US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria

June 7, 2024

A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of…

Tether Invests $18.75M in XREX Group to Facilitate Launch of Gold-Backed Stablecoin

June 7, 2024

Tether, the issuer of the USDT stablecoin and a leading player in the digital asset industry, has made a strategic investment of $18.75M in XREX Group, a fully regulated, blockchain-enabled financial institution. The investment aims to drive innovation in the digital asset industry and facilitate USDT-based cross-border payments in emerging markets. XREX will use the funding to offer businesses…

Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax

June 7, 2024

Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though…

US Spot Bitcoin ETFs Record Second-Highest Inflows at $886.6M, Led by Fidelity’s FBTC

June 6, 2024

On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on Tuesday. U.S. Spot Bitcoin ETFs…

Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers

June 6, 2024

DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full reimbursement for affected customers, DMM Bitcoin plans to collaborate with its group companies to replace the…