Crypto news

Spending cryptocurrencies such as Bitcoin and Ethereum in shops and restaurants is getting easier by the day. More and more merchants grasp the potential of cryptocurrencies and adopt them in one way or another. Several cryptocurrency debit cards have recently popped up to help businesses offer digital assets as a payment method. Just like any other conventional ones, cryptocurrency debit cards allow you to conduct day-to-day transactions using BTC, ETH, XRP, and other...

Tether’s USDT stablecoin is beyond fully backed, according to the latest assurance report provided by accounting firm MHA Cayman. The firm found that Tether’s total assets are worth at least $82,424,821,101, while its total liabilities (including issued stablecoins) amount to $82,262,430,079. The State of Tether’s Reserves The report’s figures match those in Tether’s unaudited Consolidated Reserves Report (CRR) as of March 31st, 2022. This ensures that Tether’s USDT...

South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. The Genesis According to local reports, the tax agency first launched an investigation into Terraform Labs and its subsidiaries in June last year on suspicion of corporate and income tax evasion. The investigation found that two of the company’s subsidiaries were registered abroad in the...

Ajeet Khurana is a crypto expert looking to bring positive change to the digital currency world of India. Ajeet Khurana Discusses India’s Crypto Future The nation has continued to have a very rocky relationship with crypto and apparently cannot decide if digital currency activity should be banned. Not long ago, Khurana offered an interview about the development of crypto in the nation and where he thinks the future of the space is headed. Khurana started off by talking...

More than 10 million people have now bought Bitcoin using Jack Dorsey’s CashApp, according to Block’s Q1 2022 shareholder letter. The app generated $624 million in gross profit for the company over that time, $43 million of which came from Bitcoin sales. Expanding Bitcoin Access The company states that it is focused on expanding awareness and access to Bitcoin among its customers, in order to bolster the network’s adoption. Block Head Jack Dorsey – who stepped down as CEO of...

The US arm of the cryptocurrency exchange, FTX, is going old school with the launch of its new stock-trading service for a limited number of users in the country. The new offering is being released through FTX Capital Markets, which happens to be a FINRA member broker-dealer. Push for Stock Trading According to the official announcement, the platform plans to expand its functionality to all US users over the next months. FTX Stocks will enable users to trade and invest in...

The cryptocurrency market is still in a state of uncertainty and fear. Ethereum is no exception, and any upward attempt is faced with immediate sell pressure. Will the bulls be able to regain control of the market? Technical Analysis By Grizzly The Daily Chart On the daily time frame, ETH is moving downward inside a falling wedge (in yellow). It is important to note that this wedge bottom is aligned with the horizontal support level of $1700 (in green), which can be a...

Dubai steht vor Immobilien-Boom. Auf der Crowdinvest-Plattfrom Stake kann jeder mitinvestieren. Gewinne und Zinsen werden monatlich ausbezahlt. Dubai is pretty Bitcoin friendly. And Dubai is currently experiencing a renaissance. The expo was not only a great achievement for Switzerland, but also for all those involved. Not least for the tourism industry. It set a new record in spite of the travel restrictions. However, Dubai is also on the brink of...

Phemex, a Singapore-based cryptocurrency exchange, is currently attracting all of the industry’s attention. Phemex is bringing back its popular Deposit Dazzle event and rewarding all active traders with a new Bitcoin and USD bonus! With the Phemex Deposit Dazzle, you may win a crypto bonus worth up to $4,500 in BTC and USD! The best aspect is that the event is simple to attend, and anyone may meet the deposit criteria. Phemex was founded in 2019 by Jack Tao and seven...

Ripple has announced a partnership with Lithuania’s FINCI to provide retail remittances and B2B payments through RippleNet’s On-Demand Liquidity (ODL). Thanks to this partnership, FINCI’s customers can make seamless payments between Europe and Mexico, a PR from Ripple said. Ripple-FINCI Partnership FINCI is an online cross-border money transfer provider, while RippleNet’s ODL provides crypto-enabled international payments. ODL taps into global crypto liquidity to give...