Category Archives: Cryptocurrency News

Freedom Convoy protest group in Canada launched its own Freedom Convoy token

The Canadian authorities blocked the funds raised to support the Freedom Convoy initiative group. In response, the protesters announced the creation of their own Freedom Convoy token. Canadian Prime Minister Justin Trudeau has initiated emergency measures to cut funding for Convoy Liberty truckers protesting quarantine measures. At the request of the government, an Ontario court blocked access to more than $10 million of funds raised on the GoFundMe platform, as well as more than $8.4…

Gate.io Launches Market Maker Rewards Program

Gate.io has announced the launch of an Institutional Market Maker Incentive Program, where top liquidity providers can earn various rewards. During 2021, the popularity of the Gate.io global cryptocurrency exchange platform has skyrocketed. Gate.io now lists more than 1,300 crypto assets, and the number of registered users has exceeded 10 million people. As the popularity of the platform continues to grow, the exchange team began to focus on long-term growth, with a focus on Market…

Coinbase Hires Former SEC Officer as VP of Global Regulatory Policy

The American exchange Coinbase, against the background of tightening the policy of regulators, is strengthening the administrative link with the former chief economist of the US Securities and Exchange Commission. Cryptocurrency exchange Coinbase continues to pursue a policy of improving relations with regulators. The next step of the company was the invitation of former employee of the US Securities and Exchange Commission (SEC) Scott Bauguess (Scott Bauguess) to the post of vice president of global…

In Israel will discuss the implementation of blockchain in the securities market

The Securities and Exchange Commission (ISA) will host the first blockchain hackathon in Israel. The task is to find promising solutions for the securities market. ISA Chairwoman Anat Guetta said that a hackathon will be organized in Tel Aviv on March 24, with the help of which the agency hopes to attract the attention of developers of blockchain solutions. The main topic announced by the organizers was the issue of securities and government bonds using…

Deputy Governor of RBI advocated a complete ban on cryptocurrencies in India

Reserve Bank of India Deputy Governor T. Rabi Sankar called cryptocurrencies a scam and believes the government should ban them entirely. T. Rabi Sankar substantiated his position by the fact that, in his opinion, cryptocurrencies have no intrinsic value. He called investments in digital assets “investments in a perpetual coupon”, in which the investor will receive neither interest nor principal. Sankar also believes that cryptocurrencies do not fall under the definitions of a currency, asset,…

Cardano developers proposed to implement CIP-35 to speed up transactions on the network

IOHK, the developer of the Cardano network, has unveiled the CIP-35 proposal for Plutus smart contracts, which should help speed up transactions. According to information published by the Cardano core development team, the CIP-35 proposal aims to improve the core platform for Plutus – the Cardano smart contract language – as well as the interface pages. Shortcuts should be added to the system, with the help of which developers using the Cardano blockchain will be…

US Treasury urges Congress to exempt mining and staking pools from collecting information for the IRS

Legislative assistant secretary of the treasury Jonathan Davidson said that, unlike exchanges, pools cannot collect complete customer information. The US Department of the Treasury sent a letter to a group of senators proposing to exempt miners and stakers who organize the joint production of cryptocurrencies from tax reporting on their clients. The Treasury supports the crypto industry’s concerns about the Infrastructure and Jobs Investment Act. Expanding the definition of “broker” would place an undue burden…

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…

OnlyFans adds NFT support for profile avatars

Popular content creator platform OnlyFans, known for its “adult content”, has announced support for NFTs on the Ethereum blockchain as profile pictures. According to Reuters, the new feature has been in development since last December, when Amrapali Gan took over as CEO of OnlyFans. When setting a collectible token as an avatar, an Ethereum icon will appear on the image, confirming that the user owns the NFT. “Our mission is to help creative people reach…

The digital yuan surpassed Visa in the number of transactions at the Winter Olympics

The number of transactions in the digital yuan at the Winter Olympics exceeded the number of payments through Visa. At the same time, many sellers were outside the “quarantine zone”. On the day of the opening ceremony of the Winter Olympic Games, which take place at the Beijing National Stadium, also known as the “Bird’s Nest”, more transactions were made in China’s central bank digital currency than through the Visa payment system, according to the…