Proposed bill in Argentina to encourage citizens to reveal crypto holdings
Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed bill.
World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board…
Bitcoin Price Resumes Increase as Crypto Bulls Aim More Upsides
Bitcoin price extended its increase and traded towards $17,500. BTC is consolidating gains and might aim a move towards the $18,000 resistance. Bitcoin extended its rise above the $17,200 and $17,250 resistance levels. The price is trading above…
It'll be OK: DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, according to Galaxy Digital Holdings CEO Mike Novogratz.
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,'” the Department of Justice (DOJ)…
Bitcoiners Are Flocking To Nostr, But What Makes It Different Than Twitter?
Nostr is an alternative to Twitter that better protects users from censorship, and it’s built in a way that could appeal to Bitcoiners.Nostr has gotten a lot of attention and steam behind it since its recent addition to the list of alternative…
Polkadot (DOT) Ecosystem Grew Massively In Q4 2022, What To Expect Next?
Polkadot provides interoperability among several blockchains for users while maintaining high scalability and speed in processing transactions. Also known as a multichain network, Polkadot supports many parachains, enabling developers to build…
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing…
Will Solana Price Continue To Surge After The Explosive Price Rally?
The Solana price has secured 45% appreciation over the last week. The coin made this significant recovery after its yearly low of $8 in December. Over the last 24 hours, the coin fell by 1.6%, which depicted that SOL was consolidating after a…
Bullish Signal: Bitcoin Whales Go On 20,000 BTC Buying Spree
Bitcoin whales have now started accumulating BTC once more. This comes at a time when the crypto market is seeing struggling prices marked with low momentum. Now, with these large investors picking up the pace with their investments, there could be…
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a…
Blockchain privacy groups urge new US Congress to protect privacy rights
Digital advocacy group Fight for the Future has rounded up a group of prominent signatories to its appeal for digital privacy, balanced power and human rights.
Binance pushes back against report stablecoin isn’t fully backed
The crypto exchange said there was a "timing mismatch in backing Binance-Peg BUSD with BUSD" seemingly showing data in which the stablecoin was not fully backed at times.
The few months toward the end of 2022 brought devastating events in the crypto industry. With the collapse of the FTX crypto exchange, chaos erupted in the crypto markets. Prices of almost all the crypto assets took a hit. Also, the negative…
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, published on Jan. 10, 2023, details that Singh met…
Lido DAO (LDO) Token Outperforms Market With 62% Weekly Gains
The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours. But as most of the assets falter, some tokens record exponential gains. LDO, the governance token of…
US lawmakers call on court to approve 'independent examiner' in FTX bankruptcy case
Four U.S. Senators said Sullivan & Cromwell was "simply not in a position to uncover the information needed to ensure confidence in any investigation or findings" regarding FTX.
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