Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.
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Japanese Bank SMBC to Foray Into NFT and Web3 Markets
The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers tokenization and listing services in Japan, to launch a token business […]Powered by WPeMatico
IMF global outlook suggests dark clouds ahead for crypto
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.
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CFTC poaches Pantera Capital’s legal counsel, citing digital asset experience
Joe Cisewski formerly provided Pantera Capital with legal and regulatory guidance relating to the firm’s funds and investment advisors.
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Billionaire Mark Cuban Expects SEC to Impose ‘Nightmare’ Crypto Registration Rules
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.” Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation Billionaire Mark […]Powered by WPeMatico
US Senators Introduce Bipartisan Bill to Exempt Small Crypto Transactions From Taxes
A new bipartisan bill has been introduced in the Senate that would simplify the use of cryptocurrency for everyday purchases by creating tax exemption for personal crypto transactions under $50 as well as when the capital gains are less than $50. New ‘Virtual Currency Tax Fairness Act’ A new bipartisan bill, known as the “Virtual […]Powered by WPeMatico
Report: Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the […]Powered by WPeMatico
Bitcoin price falls under $21K, bringing more capitulation or just consolidation?
Multiple indicators and on-chain metrics reflect confluence pointing to an improving market, but technical analysis still raises the possibility of Bitcoin dropping to new yearly lows.
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The Costa’ Bitcoin on the rise: Major chains give Gibraltar a BTC boost
Major franchises in Gibraltar including Costa Coffee, the Card Factor and Hotel Chocolat now accept Bitcoin over the Lightning Network or on-chain.
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Treasury’s OFAC is investigating Kraken for violating US sanctions: Report
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange.
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