Category Archives: Cryptocurrency News

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Owners of cryptocurrencies will be obliged to report to the Tax Service In Israel

The Israeli Ministry of Finance has published a bill requiring investors to report to tax authorities when they own crypto assets worth over $ 61,000. The new bill, presented by the Israeli Ministry of Finance, is included in the draft Law on Regulations, which contains forthcoming amendments to economic policy and is submitted to parliament along with the annual budget. Under the “enhanced oversight” section of the proposed bill for virtual currencies, the reporting requirement…

State Street Bank Launches Cryptocurrency Services For Private Clients

State Street, one of the oldest American banks, has partnered with New York-based Lukka to launch cryptocurrency services for individual clients. Lukka will act as a data and software provider. In addition to the Lukka toolbox, the bank will also use its own solution for managing information about digital assets, as well as data on their rates. Nadine Chakar, Head of Cryptocurrencies at State Street, said the bank is not seeing a decline in the…

US Congress: “the digital dollar should not be a tracking tool for citizens”

US lawmakers discussed the benefits of the digital dollar. They concluded that the state digital currency should not violate the privacy of citizens. At a conference organized by the Subcommittee on National Security Services, International Development and Monetary Policy, Congressmen discussed the risks and opportunities of the digital dollar. Some US lawmakers have called on the US Federal Reserve (FRS) to speed up its development. Despite the fact that countries are at different stages of…

Mastercard Selected Seven Cryptocurrency Firms to Participate in the Start Path Accelerator

Payment giant Mastercard has selected seven cryptocurrency startups to participate in the Mastercard Start Path program. It aims to support cryptocurrency and blockchain firms. Participants in the six-month program will include Uphold trading platform, Israeli crypto custody firm GK8, American investment platform Domain Money, oracle developer SupraOracles, blockchain infrastructure provider STACS, fintech company Taurus, and Mintable, a platform for issuing and trading non-fungible tokens. The management of Mastercard noted that companies working with cryptocurrencies became…

Monero Developers warned of an error affecting the confidentiality of transactions

Monero Developers Warn of Error Affecting Confidentiality of Transactions The developers of the confidential Monero cryptocurrency have announced that they have discovered a serious error in one of the selection algorithms that may affect the confidentiality of transactions. According to a Twitter statement from Monero developers, third-party developer Justin Berman has notified the project team that there is a “significant” error that could affect the privacy of users’ transactions. An error found in one of…

Burger king brazil released dog biscuits with pay in DOGE

Burger King diners in Brazil had the opportunity to buy their dogs Grilled Meat Flavored Dogpper Cookies and pay for them with DOGE. According to regional media reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for dogs called Dogpper. The new product is grilled meat-flavored dog biscuits. Dog owners can buy it for their pets along with their order. The company accepts payments in Dogecoin for Dogpper…

Robinhood will launch staking and cryptocurrency lending services

Ahead of the IPO, Robinhood announced investments in cryptocurrency lending and staking services in addition to developing a cryptocurrency wallet. In a pre-IPO presentation this week, Robinhood CFO Jason Warnick said the company “is actively investing in the development of cryptocurrency services: wallet, lending and staking services.” “We think we have great prospects and we look forward to making more products available to customers,” he added. The Robinhood trading app allows customers to buy and…

SCB President: “The DeFi Industry Cannot Be Fully Regulated”

Siam Commercial Bank President Arak Sutivong believes DeFi needs a structure to integrate with the rest of the financial ecosystem. Arak Sutivong, CEO of SCB 10X and President of Siam Commercial Bank (SCB), spoke about how one of the largest venture capital funds in Southeast Asia looks to the future of DeFi. The derivatives market in the traditional market is valued at about $ 640 trillion (the value of outstanding derivatives contracts). Derivatives, which have…

Kirobo startup launches token swaps on Ethereum

Kirobo startup launches token swaps on Ethereum The developers of the technology for the return of erroneously sent BTC will launch a solution for P2P token swap on Ethereum. Direct swaps on the blockchain will be cheaper than through exchanges and OTC platforms. As stated by Kirobo, the Atomic Safe Swap protocol offers a decentralized peer-to-peer alternative to centralized marketplaces or OTC platforms. The tool runs on Ethereum and supports ETH and ERC-20 tokens. The…