Crypto news

The Chairman of the United States Securities and Exchange Commission (SEC) – Gary Gensler – opined the turbulence in the digital asset market has not ceased with Terra’s fiasco. He predicted that a lot more coins will “fail,” which will harm an additional number of investors. The Turmoil is Not Over Yet The cryptocurrency market has significantly declined in the last few weeks. Bitcoin, for one, is down by over 25% in the past 14 days. However, all eyes were on Terra’s native...

Camper & Nicholsons – a company that sells, manufactures, and charters luxury yachts – has teamed up with Bit Pay to permit companies and individuals in need of boating services to pay with crypto assets like bitcoin. Camper & Nicholsons Says “Yes” to Crypto Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on...

Earlier this week, a pull request was submitted by an Ethereum DevOps engineer for the Ropsten testnet Merge configuration code that can be seen in the GitHub repository. For the uninitiated, the Ropsten testnet was created by Ethereum Foundation nearly five years ago and is considered one of the best replicas for the Ethereum blockchain. The Merge The merge, which marks the end of the PoW-style architecture, will essentially combine the two layers in a single PoS-based...

Van Eck – a company that at this point, every diehard crypto trader and fan should know about – is entering the non-fungible token (NFT) space. Van Eck Is Establishing an NFT Division Van Eck made a name for itself many years ago when it became one of the first companies to try and get a bitcoin-based exchange-traded fund (ETF) approved by the Securities and Exchange Commission (SEC). The company went through heavy rigamarole trying to earn a greenlight on its...

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...