A survey conducted by the Russian Association of Currency Brokers (AFD) has revealed that most Russian investors prefer Bitcoin to gold and forex. The local self-regulatory organization polled 502 Russian investors to evaluate local investor sentiment regarding cryptocurrencies. Nearly 77% of the respondents said Bitcoin and other cryptocurrencies are the
Japanese financial conglomerate SBI Holdings is reportedly planning to set up one of the first funds in the country that would grant crypto exposure to its investors, according to a report by Bloomberg. SBI aims to create a crypto fund that will offer citizens the opportunity to invest in Bitcoin
A recent survey conducted by the José Simeón Cañas Central American University (UCA) suggests that 70% of those polled are not in favor of El Salvador’s Bitcoin law. The survey was carried out on 1,281 random citizens of the Central American country just 5 days before the controversial
The US Securities and Exchange Commission (SEC) has initiated a probe into the developers behind Uniswap Labs. According to a Wall Street Journal report, enforcement attorneys are now looking for information about Uniswap’s marketing and investor services. A spokesperson for the popular decentralized exchange reportedly disclosed that the firm
Singapore regulators on Thursday added the world’s largest crypto exchange, Binance, to its Investor Alert List. The list includes unregulated entities that may have been wrongly perceived as being licensed or regulated by the Monetary Authority of Singapore (MAS). A Binance spokesperson confirmed that Binance.com was aware of
The US Securities and Exchange Commission on Wednesday sued Satish Khumbhani, the founder of now-defunct cryptocurrency Ponzi scheme BitConnect, over his alleged role in the $2 billion cryptocurrency scam that shook the crypto world. In a press release issued by the agency, the regulatory authority called BitConnect “a global fraudulent
CEO of Binance, Changpeng Zhao, disclosed that the U.S. arm of the exchange plans to launch an IPO within the next three years. While speaking in a zoom meeting, Zhao said that Binance.US was “just going to do what Coinbase did” by going public. He also stated that
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Bitcoin reclaimed the $50,000 benchmark on Thursday, ten days after it tested the level on August 23. The flagship cryptocurrency has risen by 5.5% in the past 24 hours, according to CoinGecko. It peaked at a local high of $50,171, with a market cap of $941.6
Opinions
Imagine a DeFi lending ecosystem designed to ensure lenders and borrowers are never at the mercy of each other. Many platforms in the DeFi lending market have variable borrow fees, and this puts borrowers in a tough spot. One of the major issues for these borrowers is that when they
Press Releases
Akon, the Senegalese-American R&B superstar, singer, songwriter, and record producer from New Jersey has released a video voicing his support for Polker.game – an up and coming Play-to-Earn NFT poker-style game. Polker must have made a real impression on the star for him to voice such a positive
Twitter is reportedly working on a Bitcoin tipping feature that would allow users to reward content creators with Bitcoin. According to MacRumors, Twitter’s latest iOS beta version contains code that could see Bitcoin become part of its “Tip Jar.” Back in May, the social media giant introduced the Tip
Cream Finance intends to repay users after identifying the AMP integration error that caused a $25 million loss on the protocol. Earlier this week, the DeFi lending protocol announced that it had lost $25 million in a flash loan attack. Having accepted full responsibility for the exploit, Cream disclosed that
The U.S. Department of Treasury is looking to extend the reach of new rules designed to levy the crypto space. The upcoming budget reconciliation bill could see additional requirements for cryptocurrency businesses. It closely follows the controversial infrastructure bill, which included last-minute crypto taxation provisions. An unnamed official within
Former US President Donald Trump believes investing in cryptocurrencies is "a disaster waiting to happen." During an appearance on Fox Business on Tuesday, Trump was questioned about his views on the health of the Wall Street markets, the current administration's progress, and the potential of Bitcoin
The Legislative Assembly of El Salvador has passed a bill to create a $150 million dollar Bitcoin Trust to support the development of crypto infrastructure and services across the country. 64 out of 78 officials voted in favor of the bill passed on Aug. 31. The Trust aims to ease
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The Financial Administration of the Republic of Slovenia (FURS) is looking to impose a 10% taxable income bill on cryptocurrency transactions. Under the current legislation, authorities can analyze the digital asset activity of individuals on a case-by-case basis by going through their transactions. The introduction of the tax initiative focuses