Tag Archives: News

[unable to retrieve full-text content]CoinspeakerBinance Becomes Fully Licensed Crypto Exchange in El Salvador With its services now fully authorized in El Salvador, Binance has achieved its 18th regulatory approval, solidifying its position as the exchange with the most licenses and registrations worldwide. Binance Becomes Fully Licensed Crypto Exchange in El Salvador

Japan just established a whole new level of clarity to its crypto tax agenda. Up to this point, all unrealized gains from crypto assets were subjected to the country’s present 30 percent corporate tax rate, though now, it appears this is coming to an end. Japan is Putting an End to Some Crypto Taxation The news came from Japan’s National Tax Agency (NTA). The agency explained in a statement that crypto assets will be excluded from any company’s asset valuation...

[unable to retrieve full-text content]CoinspeakerEli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85% Eli Lilly’s success can be ascribed in part to its promising medical pipeline and strategic acquisitions. Eli Lilly Raises Full Year Outlook amid Q2 2023 Profit Surge of 85%

A new report produced by leading digital currency exchange Coinbase suggests over 52 percent of Fortune 500 companies are exploring blockchain technology. They’re also looking at crypto and web3. Coinbase Believes Blockchain Innovation is Growing The blockchain industry has walked a long route in a particularly short period. For example, the bitcoin blockchain – which was first introduced in a whitepaper on Halloween of 2008 – didn’t see mining action until early...

[unable to retrieve full-text content]CoinspeakerRipple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity

[unable to retrieve full-text content]CoinspeakerMoody’s Reduces Ratings of Several US Banks and Puts More Under Review for Potential Downgrades Moody's is watching the banking sector and has already cut its ratings on several institutions because of ongoing economic headwinds. Moody’s Reduces Ratings of Several US Banks and Puts More Under Review for Potential Downgrades

[unable to retrieve full-text content]CoinspeakerBrazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. Brazil Gives Name and Logo to Its Central Bank Digital Currency (CBDC) – DREX

[unable to retrieve full-text content]CoinspeakerBinance Traded USDC In for BTC and ETH Following Silvergate Collapse The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1. Binance Traded USDC In for BTC and ETH Following Silvergate Collapse

Blockchain security firm Redefine has joined hands with digital currency management platform Safe. The goal is to integrate the former’s platform De Fire Wall software into Safe’s infrastructure to ensure Safe can properly check each transaction and prevent any sort of illicit activity or fraud. Redefine and Safe: A Perfect Match? Safe has been garnering a lot of traction lately amongst web3 startups. The company has become the official asset holder for several of...

[unable to retrieve full-text content]CoinspeakerSingapore Grants Blockchain.com Major Payment Institution License The new MPI license makes it possible for Blockchain.com to offer regulated digital payment token services to institutions and accredited investors. Singapore Grants Blockchain.com Major Payment Institution License