The move follows the crypto exchange’s successful VASP registration in Italy. Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain.According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading
The bot was valued at $16.5 million during its token debut last month. None Trading, a trading tool for cryptocurrencies and nonfungible tokens built on Discord, has shut down due to a “critical exploit” within its infrastructure.According to the September 20 announcement, None Trading developers said that it has “lost a significant amount of funding”
FTX took the decision as a proactive measure to prevent any potential future incidents or additional harm following the recent hack. Following the recent Kroll cybersecurity breach, bankrupt crypto exchange FTX has temporarily suspended accounts of impacted users accessing its claims portal.FTX’s decision which was posted on X (formerly known as Twitter) was undertaken as
The Russian government has legally recognized digital currencies issued by other nations, local crypto media reported. The respective legislative changes have been made alongside the adoption of a dedicated law regulating the introduction of Russia’s own digital ruble. Amendments Legalizing Foreign CBDCs Enter Into Force in Russia Russian authorities have granted digital currencies of other
Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate. On May 1, nonfungible tokens marketplace Blur launched Blend, a peer-to-peer perpetual lending protocol that supports NFT collateral. Developed with venture capital firm Paradigm, developers cite Blend’s rationale as a means of “financialization to scale.”4/ Every trillion dollar
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are concerned. Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue
Address poisoning is a phishing scam that can affect users who have received unwanted tokens and don’t check their addresses carefully when sending crypto. According to an Apr. 10 post from Etherscan, the blockchain explorer has disabled the display of zero-value token transfers on its website by default. From now on, users must manually switch
The country’s next general election will be held on May 14, at which time all 500 seats in Thailand’s House of Representatives will be up for grabs. The Pheu Thai Party, a political party in opposition to the current Thailand prime minister’s, has reportedly proposed giving nearly every citizen of the country roughly $300 in
The next BTC bull market will last longer than previous ones due to the latest banking crisis, according to Swan Bitcoin CEO Cory Klippsten. The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten.In an interview with Cointelegraph, Klippsten pointed out that
Community engagement has always been a key aspect of crypto, and it’s proving its value during bear markets. The highly anticipated launch and airdrop of Arbitrum’s native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim the
The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11. According to the Aave’s
Under the proposed amendments, crypto campaign contributions under $100 were acceptable, provided the receiver immediately convert the funds to USD and not HODL them. Lawmakers in the Kansas House of Representatives have introduced a bill proposing to amend the legislature’s rules on political campaign donations.According to the bill, no person would be allowed to make
According to CoinShares, digital asset investment products saw inflows totaling $76 million last week. On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week
Nifty Gateway was founded in 2018 and acquired by Gemini in 2019. In a Twitter thread posted on Jan. 25, Duncan Cock Foster and Griffin Cock Foster, co-founders of nonfungible token (NFT) auction platform Nifty Gateway, announced their resignations effective immediately. In supporting the decision, Duncan said they were leaving because “Griffin and I are
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client
The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With
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