Bookmarking Crypto Insights
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains. Tax Authority in Romania Verifies … Read more
The value and reputation of the crypto market took a nosedive this May. Its recovery is a chance to fix both. Go to Source Powered by WPeMatico
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. Pioneering Digital Transformation In what has been described as a first for an Islamic bank, the … Read more
This year’s annual Israel Crypto Conference was focused on regulation and CBDCs: The regulated status of cryptocurrencies would open many doors of possibilities. Go to Source Powered by WPeMatico
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu … Read more
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638. Go to Source Powered by WPeMatico
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022. Ethereum Fees … Read more
What is Web5, where is Web4 and what would be the recently announced initiative by Block subsidiary TBD to create a new layer of decentralization on top of the Web. Go to Source Powered by WPeMatico
While awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem. Go to Source Powered by WPeMatico
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook owner Meta Platforms Inc. (Nasdaq: META) announced Friday that … Read more
