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President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for government offices in Russia … Read more
United24, a new fundraising platform announced recently by Ukrainian President Volodymyr Zelenskyy, accepts a number of cryptocurrencies, alongside traditional payment methods. The initiative also permits donors to choose how their money will be spent. Kyiv Launches New Platform for Donations Amid Ongoing War With Russia Ukraine, which has been increasingly relying on foreign donations to … Read more
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.” UK Government Plans to Support Crypto Adoption The U.K. government outlined its legislative agenda for the next parliamentary year in the Queen’s Speech delivered … Read more
With the recent crypto bloodbath, most cryptocurrencies are down roughly 20% this week. However, Terra Luna has been down over 78% in the past seven days, and its stablecoin TerraUSD (UST) is down over 19%, currently trading at $0.80. This article looks at what’s going on with Terra Luna and why UST cannot maintain its … Read more
One of the most common questions about Bitcoin’s price is whether or not this is the bottom for cryptocurrency and if this is a good time to buy the dip. According to Wall Street analysts, the Cboe Volatility Index (VIX) fear gauge signals that the bottom may not be so near. Since Bitcoin has been … Read more
After the Fed raised interest rates to unprecedented levels last week, the stock and crypto markets experienced significant losses. This week, Bitcoin, Ethereum, XRP, Solana, and other major cryptocurrencies showed double-digit percent price losses. However, after bottoming out at $29k on May 9th, Bitcoin shows signs of life as the cryptocurrency is currently trading above … Read more
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert … Read more
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.” BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report … Read more
El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether. El Salvador Buys the Bitcoin Dip Amid a crypto bloodbath, El Salvador has … Read more
With the recent cryptocurrency market crash, where the price of most major coins like Bitcoin, Ethereum, BNB, XRP, and Solana has been down between 12-18% in the past week, is this the ultimate buying opportunity for those brave enough to buy the dip? Let’s look at why the price is crashing and whether this could … Read more