Category Archives: Cryptocurrency News

Investment strategist Lead Alden: We should expect BTC to fall below $30,000

The fall in the index of business activity in the US and the tightening of the Fed’s policy will make 2022 “bearish” for bitcoin, says macro analyst Lyn Alden. American investment strategist Lyn Alden said in an interview with Stansberry Research that the business activity index (PMI) indicates a fall in the value of bitcoin in 2022. Alden explained that she tracks PMI to predict trends in the BTC market: “Bitcoin has been bullish in…

Japan’s oldest trading house Mitsui plans to launch its own cryptocurrency

The largest Japanese corporation Mitsui & Co has announced the release of its own digital currency ZipangCoin (ZPG), linked to the value of gold on the London Metal Exchange. According to Mitsui & Co, ZipangCoin will be offered to retail investors through a variety of cryptocurrency exchanges. But initially, the new cryptocurrency will be available for purchase by investors on the site of Mitsui’s own exchange. The value of one ZPG token will be equal…

US Treasury called for regulation of high-value art in the NFT market

The US Department of the Treasury believes that privacy in the digital art market and simplification of logistics through tokenization will lead to an increase in money laundering through NFTs. The U.S. Treasury Department posted a report based on the Money Laundering Act of 2020, which says that the regulator has found evidence of the involvement of owners of high-value works of art in money laundering. The US Department of the Treasury, based on its…

Nike sued StockX for selling NFTs featuring the brand’s shoes

Sports footwear and apparel manufacturer Nike has sued online reseller StockX for illegally selling non-fungible tokens featuring the brand’s sneakers. According to a lawsuit filed by Nike in New York federal court, Detroit-based online platform StockX began selling these NFTs last month. StockX promised buyers that they would be able to exchange tokens for physical Nike shoes in the near future and sold over 500 NFTs. The branded merchandise maker has claimed that StockX collectible…

IOC released mobile game with rewards in NFT

The International Olympic Committee (IOC) has announced a partnership with game developer nWay to launch the NFT-enabled multiplayer Olympic Games Jam: Beijing 2022. According to CNBC, users can now download the app on their mobile phone, play a variety of sports-inspired games from the Winter Olympics program, and receive special collectible tokens. NFT data can be used to gain new character and equipment levels, as well as “super powers” that allow the character to develop…

The Central Bank of Nepal is exploring the benefits of launching its own digital currency

The Central Bank of Nepal began to explore the possibility of launching its own digital currency, but in the next three years the Central Bank is not going to introduce it into the country’s financial system. Revati Prasad Nepal, Director of the Foreign Exchange Department of Nepal Rastra Bank, announced the creation of a special working group that will explore the benefits and risks of the possible introduction of a state stablecoin. In addition to…

IRS will refund a Tennessee couple’s Tezos staking tax deductions

The Internal Revenue Service (IRS) has recognized that staking profits are not subject to income tax unless denominated in USD and are prepared to reflect this in future tax rules. The U.S. District Court for the Middle District of Tennessee has ruled that the IRS is required to refund the Jarretts the tax credits they paid as Tezos (XTZ) staking income tax. In May 2021, Joshua and Jessica Jarrett filed a lawsuit alleging that the…

DeFy Trends CEO: “Industry Self-Regulation Drives Global Crypto Adoption”

DeFy Trends founder and CEO Imgesu Çetin said that regulatory uncertainty and price volatility is hindering the global adoption of cryptocurrencies. Imgesu Cetin believes that it is vital for the cryptocurrency industry to create effective self-regulation no matter how slow some countries are moving in regulating the industry. In his opinion, regulatory uncertainty, price volatility, concerns about illegal activities all affect the cryptocurrency markets and show why they need to be regulated. The CEO of…

APRA called for the development of regulation of the blockchain and cryptocurrencies

The Australian Prudential Regulation Authority has stated that it is necessary to develop blockchain and cryptocurrency regulation in order to promote innovation and protect the interests of users. Many financial companies are ready to modernize their business processes by introducing blockchain into them and using digital assets. The Australian Prudential Regulatory Authority (APRA) believes that the development of the latest technologies should develop specific guidelines that will allow these organizations to apply innovations without compromising…

Everest platform announced integration with Polygon

Financial services provider Everest will provide Polygon developers and users with access to biometric IDs, eKYC/AML and the $CRDT stablecoin. Integration with Everest should allow developers using Polygon to create DeFi protocols for platforms with native eKYC, fiat conversions, and the Everest $CRDT stablecoin. It becomes possible to customize the use of $CRDT, for example, for placing fiat deposits, or to limit the use to a specific purpose, a specific seller, or a period of…