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The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must … Read more
Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024. Go to Source Powered by WPeMatico
Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on Friday. Despite crypto markets being mostly in the red in today’s session, a handful of tokens managed to climb higher. Chainlink was another one of these tokens, as it hit a two-month high earlier in the … Read more
The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies. Go to Source Powered by WPeMatico
Will central banks allow stablecoins to survive? Maybe as a financial instrument for the unbanked or they will be able to peacefully co-exist? Go to Source Powered by WPeMatico
According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado … Read more
Familiar support zones are back on the radar after $25,000 proves too much for Bitcoin bulls. Go to Source Powered by WPeMatico
Bitcoin price is testing support at the $23k level after yesterday’s bull run to $24.5k. Ethereum manages to stay in the high $1,800s after rising to $1,900 earlier in the week. The global cryptocurrency market cap is down 2.53% but well above the $1 trillion level. Crypto assets are expected to slow down this Friday, … Read more
Cryptocurrency markets consolidated on Friday, as bulls marginally pulled back following strong gains in yesterday’s session. Bitcoin fell slightly below $24,000, as prices were once again unable to move past a key ceiling. Ethereum was also lower, however continued to trade close to $1,900. Bitcoin Bitcoin (BTC) prices fell marginally lower on Friday, as crypto … Read more
Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting. Go to Source Powered by WPeMatico
