Category: Cryptocurrency
Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the United States dollar on weaker-than-expected economic data. In detail, Bitcoin’s drop last week to below $33,000 was met with a healthy buying sentiment that pushed its per-token rate to as high as $39,300 on Feb. 1. As […]
90% of El Salvadorans described their knowledge of Bitcoin as poor or non-existent last year despite BTC becoming legal tender. 89 Total views 2 Total shares Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year. Paxful on Wednesday […]
The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the […]
The Philadelphia city government is enthusiastic about exploring a partnership with CityCoins to help boost its treasury with cryptocurrency. 487 Total views 7 Total shares Philadelphia is on the cusp of following in the footsteps of Miami, Austin and New York City by partnering with CityCoins to develop a crypto for the city of Brotherly […]
Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims. The Fortescue Metals chairman is accusing Facebook of breaching Australia’s money-laundering laws, claiming that it “knowingly profits from this cycle of illegal ads” that it failed to remove. An initial court hearing […]
“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor 51 Total views 2 Total shares Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has […]
Bitcoin’s repeat visit to the sub-$37,000 range is re-enforcing analysts’ view that BTC is either set for a lengthy consolidation or further downside. 2784 Total views 6 Total shares The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility. Data from Cointelegraph Markets Pro […]
“Yeah, I could give the money back. It is within my power, but I’m gonna look out for myself and not do that,” said Ice Poseidon when confronted in a video interview. 444 Total views 8 Total shares On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber […]
Down in Bogotá, cryptocurrency adoption is raging on. Colombia’s tax authority, the DIAN, (Dirección de Impuestos y Aduanas Nacionales de Colombia) has begun to catch up. It seeks to take “special measures” to crack the whip on cryptocurrency tax avoiders. In a statement released on Friday, the DIAN stated that it would attempt to better regulate […]
Meta’s Diem co-creator, David Marcus, said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019. 1187 Total views 74 Total shares Shortly after Meta, formerly Facebook, officially gave up on its stablecoin Diem, some of the key people in the project have become increasingly vocal about the uncensorable nature […]
