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PoW vs. PoS as European Parliament rejects clause in MiCA

The crypto industry loosened up as the European Parliament rejected a clause in MiCA. Furthermore, the crypto industry weighs the pros and cons of PoW vs. PoS. The clause in Markets in Crypto Assets (MiCA) would have banned PoW protocol-based cryptocurrencies, including bitcoin.  However, Solana and Cardano stand on PoS, where miners can “stake” cryptocurrencies […]

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Elliptic: Ukraine’s cryptocurrency donations worth $13 million

Ukraine’s government has raised cryptocurrency donations worth $13 million, according to Elliptic. As per data from Elliptic, a blockchain analysis firm, bitcoin donations poured in after Ukraine appealed to social media.  Ukraine’s cryptocurrency and digital token donations On Saturday, Ukraine’s official Twitter account appealed for cryptocurrency donations. Ukraine’s Vice-Prime Minister and minister of digital transformation, […]

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Cryptocurrency Digital Money Economic & Finance

Ukraine turns to crypto as Central Bank suspends e-money

The National Bank of Ukraine ordered to suspend issuing e-money. As a result, Ukrainians turn to crypto.  Electronic money refers to digital accounts platforms like PayPal and Venmo.  National Bank of Ukraine suspends e-money On Thursday, The National Bank of Ukraine released a statement including an order to suspend the foreign exchange market.  Furthermore, they […]

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New ad guidelines issued for cryptocurrency by ASCI

On Wednesday, the ASCI issued a set of ad guidelines for cryptocurrency products and NFTs. Furthermore, The guidelines apply to all adverts released or published on or after April 1.  The disclaimers issued by ASCI read, “Crypto products and NFTs are unregulated and can highly risky. There may be no regulatory recourse for any loss […]

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Halving cycles lead to no Bitcoin Bull Run until 2024: Du Jun

Du Jun, Huobi, co-founder, says that due to the halving cycles, there will be no bitcoin bull run until 2024.  He believes the halving events affect the bitcoin market cycles. He said, “Following this cycle, it won’t be until end of 2024 to beginning of 2025 that we can welcome next bull market on bitcoin.” […]

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Digital-asset universe may benefit from dipped coin prices

Ethereum blockchain co-founder Vitalik Buterin says the digital-asset universe may benefit from the dip in coin prices.  The recent coin price retreat is casting a chill on investors known as another crypto winter. However, the sector has boomed since the last “crypto winter” of 2018.  Crypto ‘welcomes’ another winter Vitalik said in an interview with […]

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How Can Cryptocurrencies & NFTs exchange the realm of online playing

February, Newswire Investors Blockchain expertise is decided to revolutionize fundamental industries world wide. We are already witnessing one of the crucial adjustments which have include this novel technology. The online gambling industry has equally embraced the technology in a bid to augment the iGaming journey. This article highlights the influence of cryptocurrencies and non-fungible tokens(NFTs) […]

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Indian Crypto Industry seeks a revision on 30% tax rate

The Indian Crypto Industry seeks a revision on the 30% tax rate from the government. The 2022 Union budget announced a 30% tax imposition on cryptocurrency.  The Blockchain and Crypto Assets Council drafted a memorandum that will consider the several implications of the new tax rule.  The memorandum will also monitor the impact of the […]

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Blockchain rare-earth scheme certifies sustainability for EVs

The blockchain rare-earth scheme is an EU-funded certification scheme. The is project is to certify sustainability for EVs.  Automakers demanded evidence about materials used in manufacturing magnets for EVs. Therefore, the EU-funded certification scheme uses blockchain and is under development for rare earth.  What is the Blockchain rare-earth scheme? The Rare Earth Industry Association (REIA) […]

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‘Bitcoin Family’ sets its roots in Portugal for its 0% tax

The Taihuttus ‘Bitcoin Family’ sets its roots in Portugal for its 0% tax on cryptocurrency. Portugal is known to be Europe’s ultimate crypto tax haven. The so-called ‘Bitcoin Family’ patriarch chose Portugal for favourable crypto tax rules.  Didi Taihuttu said, “You don’t pay any capital gains tax or anything else in Portugal on cryptocurrency. That’s […]

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