As the European Union institutions are advancing their discussions on the controversial Transfer of Funds Regulation (TFR), crypto industry representatives are looking to hamper the proposal’s potentially harmful impact on the sector’s future development…. Read More: Crypto Industry Rallies Ahead of Vote on Controversial EU Crypto Regulation Read more »Pay, Trade, Buy Bitcoin with…
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The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business at the federal level. Russian Official Proposes Regional Energy Quotas for…
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Argentine professional footballer Lionel Messi has signed a deal worth over USD 20m to promote digital fan token company Socios.com in another sports-crypto marketing effort. As part of the deal, Messi will be involved in a promotion campaign for Socios in the 2022 FIFA World Cup, which is scheduled to take place in Qatar…
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The service would allow users to bridge assets from any blockchain to BNB Chain. On Tuesday, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will…
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The proposed 20% tax on unrealized gains put forward by the US Department of Treasury’s 2023 Revenue Proposal could potentially become a “penalty for being successful,” according to Shehan Chandrasekera, Head of Tax Strategy at crypto tax software specialist CoinTracker…. Read More: US Proposed Unrealized Gains Tax May Become ‘Penalty for Being Successful’ in…
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Scammers are impersonating anyone from influencers to high-profile crypto figures using deep-fake technology in a bid to steal crypto from unsuspecting victims — however, they now seem to have focused on impersonating regular people as they are “more convincing” tools. Most recently, Miranda, an e-commerce worker who does not wish to disclose her real…
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Russia appears keen to foster its Bitcoin (BTC) and crypto mining sector – and appears to have assured miners that sanctions, imposed due to Russia’s invasion of Ukraine, will not impede their ability to continue mining tokens. However, the long legal struggle for legalization is continuing – despite the intervention of some of the…
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The UK government is reportedly slated to reveal its crypto regulatory framework in the coming weeks, and it will include a special focus on stablecoins, per anonymous sources cited by CNBC. British Finance Minister Rishi Sunak is expected to make the announcement, CNBC reported, citing four industry sources familiar with the matter…. Read More:…
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The global crypto industry is increasingly fighting back in response to regulatory proposals they consider harmful to the sector’s future development. Following the unsuccessful campaign by some European Parliament (EP) members to ban proof-of-work (PoW) consensus protocol-powered cryptoassets, the crypto industry is now targeting a potential crackdown on so-called “unhosted wallets” in the European…
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El Corte Ingles, one of the biggest retailers and distributors in Spain, has taken its first step into the cryptocurrency world. The company is reportedly launching its own cryptocurrency exchange for customers of its stores. The firm has enrolled the help of Deloitte to build a new platform that will allow its customers to access…
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