Stellar Lumens (XLM) surges 24%, reclaiming its top spot as the best-performing cryptocurrency in the top 100, while its partnership with Fonbnk aims to boost financial inclusion in Africa. Key Points Stellar Lumens (XLM), the cryptocurrency behind the Stellar Network, has surged by 24% over the past 24 hours, reclaiming its position as the best-performing cryptocurrency in the top 100 …
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The Ripple-SEC legal battle continues with speculation on the possibility of an appeal, generating interest and implications for the broader crypto industry. Key Points After securing a victory in the recently-released summary judgment, Ripple’s legal battle against the SEC continues to attract speculations and discussions. CryptoLaw founder John Deaton, Attorney Bill Morgan, and former SEC regional director Marc Fagel recently …
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Russian citizens can now pay taxes on their cryptocurrency earnings, despite the lack of legal status for crypto, as the Federal Tax Service recognizes it as property. Key Points The Russian tax body has announced that citizens can now pay taxes on their cryptocurrency earnings, despite the fact that crypto tokens have no legal status in the country. This move …
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InQubeta surges as a game changer, becoming the first AI startup crowdfunding platform, raising $900,000+ in presale. Key Points Amidst the recent upturn in the broader crypto market, which saw Ethereum and Polkadot trade in uptrends, InQubeta emerges as a game changer, with its growth surpassing that of the aforementioned tokens. Steady growth with @Inqubetahq 🔥 #web3 #ai #invest pic.twitter.com/n7UAHIfKYy …
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Crypto firms experienced a decline in fundraising during Q2 2021, but industry executives remain optimistic about the long-term prospects. Key Points According to data from RootData, a crypto data provider, the second quarter of last year witnessed the lowest amount of funds raised by crypto firms since the tracking of data began in Q3 2021. The numbers show that $2.17 …
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The Russian finance ministry has proposed a ban on cryptocurrency circulation, except for stablecoin issuers and miners. Key Points The Russian finance ministry has reportedly proposed a ban on the circulation of cryptocurrency in the nation, with exceptions for stablecoin issuers and crypto miners. The proposals are believed to be included in the much-awaited crypto mining legalization bill that has …
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The Brazilian Central Bank has taken a step towards launching a digital real by sharing CBDC-related documents on GitHub. Key Points The Brazilian Central Bank has taken a significant step towards the rollout of a digital real by uploading a collection of central bank digital currency (CBDC)-related documents to GitHub. The collection of documents, which was uploaded to the bank’s …
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Lawmakers in Brazil summon heads of major cryptocurrency exchanges and experts to investigate crypto scams and seek measures to protect investors. Key Points Lawmakers in Brazil have issued summons to the heads of major cryptocurrency exchanges, in an effort to gain a better understanding of crypto and how crypto-themed pyramid schemes operate. The Parliamentary Commission for “Cryptocurrency-Based Financial Pyramid Schemes” …
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Cryptocurrency has revolutionized the way we think about finance and transactions, but its rapid growth has raised concerns about its environmental impact, particularly its energy consumption. As the world strives to transition towards cleaner and more sustainable energy sources, the surge in cryptocurrency mining operations has become a topic of significant debate. This article delves into the effects of cryptocurrency …
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Crypto analyst casts doubt on the effectiveness of a popular Bitcoin trading strategy, while BTC’s price sees a slight gain and trading volume increases. Key Points Crypto analyst PlanB has raised doubts about the effectiveness of a popular Bitcoin (BTC) trading strategy that involves purchasing BTC six months before the halving and selling it 18 months after the halving. This …
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