Coins

Chamber of Representatives in Paraguay Advances Crypto Bill

May 27th, 2022

Cryptocurrency regulation in Paraguay is progressing steadily, as a crypto bill introduced in December has been approved by the Chamber of Representatives in the country. The bill, which contains definitions and rules for cryptocurrency mining, one of the hot topics in Paraguay due to the cheap electricity costs, will be passed to the Senate to…

Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z

May 25th, 2022

The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says the project’s efforts provide a “brilliant financial mechanism that creates…

Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’

May 24th, 2022

Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched A number of crypto firms have joined forces and launched a new,…

Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus

May 18th, 2022

Cloudflare, internet services and DDoS protection company has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and consistency…

UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown

May 16th, 2022

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson. Regulation of Stablecoins in the…

Onecoin ‘Crypto Queen’ Ruja Ignatova Listed Among Europe’s Most Wanted

May 13th, 2022

Ruja Ignatova, mastermind of the notorious pyramid Onecoin, is now one of Europe’s most wanted fugitives. Also known as the “Crypto Queen,” she disappeared almost five years ago, after the Ponzi scheme she led collected billions of dollars from defrauded investors around the world. Europol Seeks Information on Onecoin Inventor’s Whereabouts The European Union Agency…

Ukraine’s New Fundraising Platform Accepts Crypto, Allows Donors to Allocate Funds

May 11th, 2022

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…

India Considers Imposing 28 percent GST on All Crypto Transactions

May 10th, 2022

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…

Finder’s Experts Predict Ethereum Price Reaching $5,783 This Year and $23,372 by 2030

May 3rd, 2022

A panel of crypto industry experts has predicted that the price of ether will reach $5,783 this year, before rising to $11,764 by 2025 and $23,372 by 2030. Most of the experts on the panel are bullish on ether, with 61% saying now is the time to buy and a further 32% saying you should…

Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem

May 2nd, 2022

Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer. Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea Tesla CEO Elon Musk has…