Category Archives: Cryptocurrency News

Thodex scam suspects face life imprisonment

Turkish prosecutors are seeking life imprisonment for more than 20 people suspected of involvement in the activities of the fraudulent cryptocurrency exchange Thodex. In April last year, the Turkish prosecutor’s office launched an investigation into the Thodex exchange in connection with the suspicion of defrauding about 390,000 investors. The investigation followed complaints from users who were unable to access their assets. Initially, the Turkish authorities assumed that the loss of the exchange’s customers exceeded $2…

Argentina’s Tax Authority Tightens Rules for Crypto Investors

The Argentine Revenue Service (AFIP) has announced that it will involve digital currency holders and traders themselves in the fight against tax evasion. Previously, the authority itself requested information from crypto exchanges, but now the responsibility will fall on those users who are interested in AFIP. This was reported by the publication IproUP. The new requirements will oblige users to provide data such as public keys of their own wallets, a list of movements of…

The European Parliament has begun the final phase of voting on amendments to cryptocurrency regulation

The Committee on Economic Affairs (ECON) has put to the vote in the European Parliament amendments obliging cryptocurrency companies to conduct AML procedures for all transactions. Today, March 31, the European Parliament will vote on amendments to the Committee on Economic Affairs (ECON), which will extend anti-money laundering (AML) rules to all cryptocurrency transactions, as well as restrict or prohibit transfers in cryptocurrency from the EU to places considered a tax haven . The proposed…

Canadian beauty brand launches NFT charity collection

MAC Cosmetics, together with the blockchain company ConsenSys, will issue a set of non-fungible tokens to help those infected with HIV. The Canadian cosmetics brand will release the NFT collection at Polygon and dedicate it to artist Keith Haring. The collection will have 5,275 NFTs divided into several price categories. All proceeds from the sale of tokens will have to go to support young people affected by HIV and AIDS. Keith Haring was an American…

Sidechain Ronin lost $625 million in crypto assets due to a hacker attack

The developers of the Ronin Network sidechain involved in the game Axie Infinity reported a hacker attack during which the attackers managed to crack the private keys and steal 173,600 ETH and 25.5 million USDC. According to a Ronin Network publication, the Ronin Sky Mavis and Axie DAO validator nodes were compromised on March 23rd. The Ronin Sky Mavis network currently consists of 9 validator nodes. Five out of nine validator signatures are required to…

Deutsche Bank: Instagram can earn up to $8 billion from NFT implementation

The German Deutsche Bank believes that the use of NFTs on Instagram will increase user confidence in collectible tokens. A recent report from Deutsche Bank suggests that NFTs could go mainstream thanks to support from Meta. The initiative of the owner of the social network can lower the barrier to entry into the NFT market. The authors of the report clarify: the provision of non-fungible tokens to a multi-million audience can lead to a reboot…

Bitfarms revenue grew five times in a year

Canadian mining company Bitfarms (BITF) reported annual and quarterly revenue growth of more than 428% and 33%, respectively. On March 28, BITF reported to the US Securities and Exchange Commission (SEC) on its results for the fourth quarter of 2022 and for the whole of 2022, announcing plans to expand capacity and increase project funding. Revenue for the quarter increased 33% to $60 million. Revenue for the year increased 426% to $169.5 million. Operating income…

The Central Bank of Singapore and Cambodia saw digital currencies as a means of encouraging trade

Representatives of the central banks of Singapore and Cambodia said that the popularity of cryptocurrencies among young people is pushing regulators to encourage state-owned digital currencies. At an event titled “China Conference: Southeast Asia,” representatives from the two countries’ central banks said they were interested in issuing central bank digital currencies (CBDCs). This was reported by the South China Morning Post. Central banks are motivated by the growing popularity of cryptocurrencies among young people. Representatives…

The Bank of England, together with MIT, is conducting research on the digital currency of the Central Bank

The British regulator and the Massachusetts Institute of Technology (MIT) are conducting a 12-month joint study on the feasibility of launching a British state digital currency. On March 25, the Bank of England posted a statement of cooperation with the Massachusetts Institute of Technology on the development and issuance of the UK’s state digital currency. MIT’s Digital Currency Research Unit (DCI) has agreed on a twelve-month research project that aims to uncover the pros and…

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…