Candidates for government offices in Russia are now expected to provide authorities with details about the crypto funds they have acquired in other jurisdictions. A decree recently signed by Vladimir Putin adds the requirement to an earlier presidential decree on the verification of...
The Indian government is reportedly considering levying a 28 percent GST on all cryptocurrency transactions. "At the moment, only a portion of the services provided by crypto exchanges is taxed. One tax expert warned that taxing the entire transaction at a higher rate of 28 percent could...
According to a new report, Nigerian authorities' ban on Twitter and restrictions on cryptocurrency trading have "crippled foreign direct investment in the fintech industry." A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced...
The US Securities and Exchange Commission (SEC) has shut down a $62 million global cryptocurrency trading and mining scheme, and the DOJ has indicted the scheme's CEO and founder. According to the Justice Department, if convicted on all counts, he faces a maximum total sentence of 45...
Bitcoin (BTC) hit a three-month low on Sunday, just days after cryptoanalysts warned that price charts were indicating bearishness. The bitcoin price was around $34,500 as of press time, down 3.8% over the past 24 hours.BTC's price has fallen for four straight days.Early...
The bitcoin mining pool Poolin mined the 105,000th block reward since the last halving on May 5, 2022, at block height 735,000. The mined block also marks the halfway point between now and the next halving, which is expected on or around April 27, 2024. Block 735,000...
The International Monetary Fund (IMF) has joined the chorus of critics of the Central African Republic's (CAR) decision to adopt bitcoin. According to the IMF, the adoption poses legal and economic challenges not only to the country, but also to the region. The IMF...
The price of ether is expected to reach $5,783 this year, before rising to $11,764 by 2025 and $23,372 by 2030, according to a panel of crypto industry experts. The majority of the experts on the panel are bullish on ether, with 61 percent recommending buying now...
The cryptocurrency industry is lobbying lawmakers in the United States to oppose two bills that would prevent Russian oligarchs from using cryptocurrency to avoid sanctions. After Russia's invasion of Ukraine, the US and many other countries imposed sanctions on them. The Blockchain Association has...
Anatoly Yakovenko, one of the co-founders of Solana, a proof-of-stake blockchain with smart contracts, has made a number of statements criticizing bitcoin's consensus algorithm. In an interview with CNBC, Yakovenko stated that if bitcoin does not switch to a proof-of-stake (PoS) consensus algorithm, it will lose popularity....