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Cryptocurrency

Chainalysis: Crypto profits surged by 400% in 2021

As per Chainalysis, worldwide crypto investor profits surged by 400% in 2021.  On Wednesday, a report published by Chainalysis stated that worldwide investor gains surged from $32.5 bn in 2020 to $162.7 bn in 2021.  Furthermore, bitcoin and ethereum – the two most valuable cryptos, hitting an all-time high influenced the 400% surge.  Crypto investors

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Cryptocurrency

New tax laws negatively impact cryptocurrency this week

As per CoinMarketCap, Bitcoin dipped over 8% in the past week. The new tax laws severely impacted cryptocurrency.  While the 30% tax on crypto came into effect on April 1, the 1% TDS deduction will take effect from July.  The first week of April witnessed a negative impact on BNB, Bitcoin, Shiba Inu, Ethereum, Litecoin,

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Cryptocurrency

Tiffany & Co launches 499 18K TiffCoin worth $9,999

As per an April 2 announcement, TIffany & Co minted 499 18K gold coins worth $9,999 each.  However, on April 1, as a joke, Tiffany announced via Twitter, “we’re launching our own cryptocurrency called TiffCoin — with exclusive product launches, NFT releases and invite-only events for top TiffCoin holders!” “Get some gold in your wallet

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Cryptocurrency

CNBC: Britain’s new crypto regime to divulge in weeks

As informed by a source to CNBC, Britain’s Finance Minister Rishi Sunak will announce the new crypto regime.  The upcoming announcement will focus on stablecoin as The Treasury continues discussions with trade and firm groups.  Furthermore, as the information is not public yet, The Treasury declined to comment, and the four sources familiar with the

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Cryptocurrency

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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Cryptocurrency

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

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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Cryptocurrency

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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Cryptocurrency

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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Cryptocurrency

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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