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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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India to impose a 30% tax on Cryptocurrency; What expert says

India’s Finance Minister Nirmala Sitharaman announced to impose a 30% tax on cryptocurrency. Partner at IndusLaw, Ritesh Kumar, told Business Insider, “The 30% rate of tax and restriction to set-off losses is a very bold move in discouraging transactions in crypto.” Nirmala Sitharaman, Finance Minister of India, said during the Union Budget 2022-23, “Cryptocurrencies will […]

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Indonesia bans financial firms from trading in cryptocurrency

The Financial Services Authority (OJK) warned that Indonesia bans financial firms from trading cryptocurrency. The regulators also warned that people must understand the volatility and risks of cryptocurrency before investing in it.  Cryptocurrency in Indonesia In a statement posted on Instagram, the regulators said, “OJK has strictly prohibited financial service institutions from using, marketing, and/or […]

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Bitcoin market cap drops 11% in 24 hours

As the Bitcoin market cap drops 11% in 24 hours, the world’s most significant 100 cryptocurrency tokens are trading in the red.  Overall the entire cryptocurrency market cap fell below 12% in the last 24 hours, according to coinmarketcap.com.  Cryptocurrency drops in the last 24 hours Ether, the second-biggest cryptocurrency, went down 15%, dropping to […]

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Cyberattacks increase in Covid as global population goes online: Report

The increasing digitisation due to the rising pandemic has led to an increase in instances of cybercrime. According to a study by World Economic Forum (WEF) titled Global Cybersecurity Outlook 2022, there was a 151 percent increase in ransomware attacks in 2021. It shows that on an average 270 cyberattacks were faced by one organisation […]

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Tesla to accept Dogecoin as payment

Elon Musk announced in a Tweet, “Tesla merch buyable with Dogecoin.” Tesla will now accept Dogecoin as payment for selected merchandise.  Elon Musk’s Tesla to accept Dogecoin as payment Tesla will now accept Dogecoin as payment for merchandise such as – the $150 Giga Texas Belt feat. the company logo and the recently launched $50 […]

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Pakistan plans to ban Cryptocurrency

As suggested by Chainalysis’ Global Crypto Adoption Index, Pakistan plans to ban Cryptocurrency. Despite the country ranking third with the highest number of crypto users, the State Bank of Pakistan submitted a document calling cryptocurrencies illegal in the Sindh High Court.  Why does Pakistan plan to ban Cryptocurrency? While this isn’t the first time Pakistan […]

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Bitcoin Value Drops After U.S. Fed To Raise Interest Rates

Bitcoin value drops after U.S. Fed suggests an increase in interest rates. Crypto value also dropped due to the internet shutdown in the world’s second-largest bitcoin mining hub, Kazakhstan.  The U.S. Federal Reserve suggests raise in interest rates While the U.S. Federal Reserve announcement to raise interest rates may have dropped bitcoin value, the crypto […]

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Top 10 Trends of the Crypto Market That Will Change in 2022

In the cryptocurrency markets, 2021 has been a volatile year. The year started with a rally that took some prices to all-time highs over the spring, before they plunged in May and attempted to recover over the summer. There are various Trends of the Crypto Market which you might want to know. In November, Bitcoin reached […]

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