Category Archives: Cryptocurrency News

The German Ministry of Finance issued a guide to paying tax on cryptocurrencies

The German Federal Ministry of Finance (BMF) has explained that owners of digital assets will be able to sell crypto assets without paying taxes after one year of ownership. The BMF has released the country’s first guidance for paying income tax on digital currencies and other blockchain-based tokens. The document classifies and explains the technically different aspects of the issue from the point of view of German law. The sale of purchased cryptocurrencies, such as…

De Beers introduced the first blockchain-based diamond mining platform

The De Beers Group announced the launch of the Tracr blockchain platform to scale control over diamond mining and track the chain of movement of precious stones from mines to buyers. The Tracr system will be the first distributed network in the history of the diamond industry to capture and secure the origin of gemstones. According to the developers, this will allow companies that are part of a limited circle of De Beers distributors to…

NiceHash: We have fully unlocked Nvidia GPUs for Ethereum mining

Computing marketplace NiceHash announced the release of an update for Nvidia LHR RTX GPUs. NiceHash announced the release of an update to the NiceHash QuickMiner ether mining software that 100% unlocks the hashrate of Nvidia LHR RTX video cards. At the height of mining and the acute shortage of silicon chips in 2021, Nvidia installed a software “ether hash rate limiter” for flagship models and equipped the entire line of Nvidia’s latest generation RTX 3000…

Dubai Cryptocurrency Regulator set up an office in the metaverse

The Dubai Virtual Assets Regulatory Authority (VARA), amid the popularity of the presence of large corporations in the metaverse, has opened a representative office in the virtual world of The Sandbox. VARA representatives explained that the headquarters in the virtual space will allow to offer services and provide a platform for interaction between market participants, from virtual asset service providers (VASPs) to influential industry representatives and regulators from around the world. With its office in…

Google Cloud Forms Web3 Development Team

Following the creation of a blockchain team, Google is forming a Web3 development team to provide companies with the tools to interact with new technologies. According to CNBC, Google Cloud VP Amit Zavery sent a letter to his team declaring his intention to make Google Cloud Platform the best choice for Web3 developers. Google Cloud is a set of various cloud services that are associated with all the company’s projects. Although the Web3 market is…

Luna Foundation bought bitcoins worth $1.5 billion

The non-profit organization Luna Foundation, associated with the cryptocurrency project Terra Luna, continues to purchase bitcoins. Yesterday, May 5, 37,863 BTC were purchased to secure the UST stablecoin. As part of another Bitcoin purchase, the Luna Foundation acquired $1 billion worth of BTC through over-the-counter transactions through Genesis Trading, according to CNBC. For this, she used UST stablecoins. Another $500 million worth of bitcoin was purchased from the investment firm Three Arrows Capital. The Luna…

Robin Hood offered clients trusts for bitcoin and ether

The Robinhood financial platform has made available to users cryptocurrency investment products from Grayscale. Robinhood announced that it has registered two investment products Bitcoin Trust (GBTC) and Ethereum Trust (ETHE). Robinhood customers can now access Bitcoin and Ethereum-based cryptocurrency investment products without actually owning digital currencies. Investment company Grayscale takes care of the storage of these products in exchange for a commission, and buyers receive a “share in bitcoins or ethers.” The founder and CEO…

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…

Opera will give users access to a BNB Chain-based DApp

Opera browser users will have access to decentralized exchanges and applications based on BNB Chain for iOS, Android and the desktop version of Crypto Browser. The developers of the Opera browser announced the integration of the decentralized BNB Chain ecosystem, formerly known as Binance Smart Chain. Thanks to this, 350 million Opera users will be able to purchase BNB for fiat currencies, as well as send and receive a crypto asset through a wallet built…

ECB: ‘digital euro should be transparent, not anonymous’

The European Central Bank has said it does not maintain a high level of privacy for the digital euro. One of the priorities of the regulator is to increase the transparency of the digital euro. According to a presentation published by the European Central Bank (ECB), it is important for future users of the digital euro to have control over their personal data and be sure that it is kept private. However, the regulator notes…