‘No clear catalyst’ as altcoin bloodbath sees top coins dip double digits
Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflow. Go to Source
Month: June 2024
Zimbabwean Regulators Develop Framework for Virtual Assets Trading
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protection Act, and educational support. Challenges include infrastructural investment and licensing fees for foreign-supplied systems. An informal virtual asset … Read more
BDAG Leads CoinSniper, Outshining INJ & JasmyCoin Trends
BlockDAG Claims #1 Spot on CoinSniper, Attracting Major Crypto Whale Investments Beyond INJ’s Growth & JASMY Predictions While Injective (INJ) continues its upward trajectory and JasmyCoin (JASMY) captures market attention with potential price increases, BlockDAG (BDAG) is setting new benchmarks. Currently reigning as the top listed crypto on CoinSniper, BlockDAG has achieved a stunning 3,269 … Read more
Korean Exchanges Set to Reevaluate Over 600 Listed Virtual Assets
South Korean cryptocurrency exchanges are set to reevaluate more than 600 digital assets, and those failing this process will ultimately be delisted. Once the process is completed, crypto exchanges will be required to conduct maintenance reviews quarterly. The reputation of the issuers and user protection tools are among the factors related to virtual assets that … Read more
Tanzania Targets Crypto Traders With Proposed Income Tax Act Amendment
Tanzania plans to amend its Income Tax Act to tax crypto trades. The proposal includes a three per cent withholding tax on income from digital asset transactions. Digital platform owners or facilitators of digital asset transfers will act as withholding agents. Foreign citizens operating such platforms must register under Tanzania’s Simplified Tax Regime. The government … Read more
Trump token dumps 31% despite doubts he’s behind the DJT token
Trump hasn’t confirmed or denied ties to the DJT token but a blockchain analytics firm and industry leaders raised doubt that it was launched by Trump’s team. Go to Source
TikTok could soon be flooded with AI avatars in ads
TikTok’s new tools include AI-powered digital avatars that brands can dub over and use to sell their products in multiple languages. Go to Source
Wasabi Wallet Lead Developer: ‘Bitcoin Developers Are Failing El Salvador’
Adam Ficsor, the lead developer of Wasabi Wallet, a privacy-centric Bitcoin wallet, has revealed his position regarding the slow adoption of Bitcoin in El Salvador. In a recent interview, Ficsor stated that Bitcoin developers have failed El Salvador, having been unable to improve the situation of Bitcoin as a means of exchange, even with the … Read more
Financial Stability Board Emphasizes Need for Global Crypto Regulation to Prevent Arbitrage
The Financial Stability Board (FSB) Plenary met in Toronto on June 14 to discuss various financial stability issues. Key topics included the financial stability outlook, lessons from the March 2023 banking turmoil, and enhancing the resilience of non-bank financial intermediation (NBFI). The FSB also reviewed progress on implementing its global regulatory framework for crypto asset … Read more
Signal boss slams EU’s latest ‘upload moderation’ surveillance ploy
The Chat Control law is aimed at combating child exploitation material, but Meredith Whittaker said it’s just the latest proposed tactic to undermine encryption. Go to Source