In a pivotal reshuffle of its prestigious cryptocurrency indices, the Hong Kong Virtual Asset Consortium (HKVAC) has welcomed new digital currencies into its fold. The consortium, recognized for its rigorous evaluation of crypto markets, has made notable changes to its top-tier listings, reflecting the dynamic nature of the crypto world. Solana has ascended to the top 5 global […]

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Venezuela is set to discontinue its petro cryptocurrency, a digital asset once heralded as a workaround to U.S. sanctions. The petro will officially cease operations on January 15, six years after its inception, as confirmed by recent reports. Launched in 2018 by President Nicolas Maduro, the petro aimed to bolster Venezuela’s economy, reeling from sanctions […]

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Coinbase, a leading digital currency exchange, has announced a significant partnership with Yellow Card, a prominent African financial service provider. This collaboration is set to revolutionize the way Coinbase users in Africa convert local currencies to and from crypto, with a special emphasis on the stablecoin, USD Coin (USDC). Key Benefits for African Users: The initiative […]

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In the realm of cryptocurrency, a unique psychological phenomenon known as “unit bias” has been identified as a barrier for investors. Gabor Gurbacs, a strategist at investment firm VanEck, sheds light on the tendency of investors to prefer owning whole units of an asset, which can make the high price of a single Bitcoin daunting. This […]

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In the burgeoning digital economy, Kyrgyzstan is emerging as a contender in the crypto mining sector, with tax revenues showing a promising increase. The nation’s Finance Ministry reports a collection of 78.6 million soms (approximately $883,000) from the industry within the first 11 months of 2023. Despite the fluctuations in monthly tax income, with a peak in August […]

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In a startling turn of events, the Orbit Chain Bridge, a key player in the realm of blockchain interoperability, has been compromised in a security breach that resulted in the theft of approximately $82 million. The incident, which unfolded mere hours before the world welcomed the new year, has sent shockwaves through the cryptocurrency community. The […]

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The Securities Exchange Commission (SEC) of Nigeria has introduced stringent licensing requirements that could reshape the industry. Despite the Central Bank of Nigeria (CBN) recently lifting a ban on banks’ engagement with cryptocurrencies, local crypto exchanges are facing a new hurdle: the SEC’s steep capital requirements. Crypto expert Rume Ophi has voiced concerns that the […]

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Chinese authorities have unearthed a colossal $2.2 billion underground forex operation, intricately linked to virtual currency trading platforms. This action highlights China’s stringent approach to controlling financial transactions across its borders. The Qingdao Branch of the State Administration of Foreign Exchange’s Inspector, Xu Xiao, shed light on the mechanism of the scheme. Underground banks were buying […]

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Japan has revised its tax laws to foster a more crypto-friendly business environment. Starting April 1, 2024, coinciding with the onset of the fiscal year, Japanese companies will experience a significant shift in how they are taxed on cryptocurrency assets. Corporations will now be taxed solely on profits realized upon the sale of cryptocurrency, aligning with the […]

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In a strategic move, President Recep Tayyip Erdoğan has infused fresh expertise into Turkey’s central banking system by appointing Professor Fatma Ozkul, a renowned academic in the realm of digital finance, to the Monetary Policy Committee. With her tenure commencing at Marmara University in 2012, Ozkul’s portfolio boasts a deep dive into the intricacies of blockchain and cryptocurrency. […]

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