Written by: ( April 8, 2022 )
After hackers stole $320,000 worth of Binance Coin (BNB), the operators of crypto play-to-earn site WonderHero have deactivated the game. WonderHero’s coin, WND, was also affected by the attack, which caused it to drop more than 90%. WonderHero is a popular game where players can earn revenue through gaming in cryptocurrency and NFTs. It currently […]
Written by: ( April 7, 2022 )
Bolt, a global checkout and shopper network company, announced today that it has reached a definitive agreement to buy Wyre, a cryptocurrency infrastructure provider startup. This acquisition is expected to close in 2022. It comes amid increasing demand for cryptocurrency-related goods and services and the potential of Web3. Bolt and Wyre are joining forces to create commerce […]
Written by: ( April 5, 2022 )
With the unveiling of plans to allow stablecoins to become payment options in the UK, the country’s government is closer to bringing cryptocurrencies to mainstream finance. However, there is still work to be done before the plan can be realized. The Treasury announced Monday that stablecoins, a type of crypto that is tied to regular […]
Written by: ( April 4, 2022 )
21 suspects are wanted for their involvement in a defunct Turkish cryptocurrency exchange. If the prosecution gets its away, the suspects will each be given massive sentences exceeding 40,000 years. For the culprits accused of operating Thodex (a defunct cryptocurrency exchange), prosecutors are seeking sentences up to 40,564 years. According to Demiroren via Bloomberg, the […]
Written by: ( March 31, 2022 )
The Financial Conduct Authority (FCA), Britain’s financial regulator, has extended the temporary registration status to some crypto-service providers past its Friday deadline. In a statement on Tuesday, the FCA said that the UK will only allow a limited number of crypto firms to continue to hold temporary registration status. The financial regulator stated that temporarily […]
Written by: ( March 30, 2022 )
Blockchain project Ronin announced Tuesday that hackers had stolen cryptocurrency worth nearly $615 million from its system. This would make it one of the biggest cryptocurrency heists ever recorded. Sky Mavis, a Singapore-based game studio that owns Axie Infinity, developed Ronin. According to the project, unidentified hackers stole 173,600 Ether tokens and 25.5 million USD […]
Written by: ( March 28, 2022 )
Rio de Janeiro announced a plan for cryptocurrency to be used in its tax payment options. The municipality’s officers announced plans to begin collecting cryptocurrency for the tax next year at a recent meeting where Mayor Eduardo Paes was present. The municipality collects this tax on the citizens’ properties and their values. Rio de Janeiro […]
Written by: ( March 24, 2022 )
The Spanish Treasury Ministry admitted that the current legal framework doesn’t include the obligation for Spaniards to declare their cryptocurrency holdings. Model 720, new tax guidance issued last year, deals with funds held overseas. However, the Spanish Tax Agency confirmed that citizens are not required to disclose their overseas cryptocurrency holdings. This is even if […]
Written by: ( March 23, 2022 )
FIFA, the international governing body of major soccer tournaments, has announced that Crypto.com, a cryptocurrency exchange, will be an official sponsor for its next World Cup in Qatar. The association announced Wednesday that Crypto.com branding will be visible inside and outside stadiums for the FIFA World Cup Qatar 2022. As part of the sponsorship, the […]
Written by: ( March 21, 2022 )
According to a survey conducted by the Salvadoran Chamber of Commerce, El Salvador’s retail industry is slowly adopting Bitcoin (BTC). This is despite the fact that the country recognized the digital asset in September 2021 as legal tender. 14% of the 337 companies that were surveyed between January 15 and February 9, said they have […]