The nonfungible token (NFT) space has been a hive of activity over the past month or so, but there could be more going on than meets the eye as concerns emerge over the sector’s involvement in money laundering and tax evasion. Crypto investor and uber-bearish crypto commentator Mr. Whale has […]

The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority. Two months after Iranian President Hassan Rouhani’s call for a legal framework for crypto trading, INTA […]

Singapore’s largest bank, DBS Bank, has expanded its scope of supported cryptocurrency services by scoring another regulatory approval. DBS Bank’s brokerage arm, DBS Vickers (DBSV), has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services as a payment institution, the company officially announced […]

A Bitcoin (BTC) on-chain indicator that spotted dead cat bounces during the yesteryear bearish market corrections has flashed again in August 2021. Dubbed “Bitcoin: Short Term Holder NUPL,” the indicator takes into account the unspent transaction output, or UTXO, of BTC transactions not more than 155 days old. In doing […]

The Poly Network hacker has now returned $258 million to the cross-chain decentralized finance (DeFi) protocol and conducted a question-and-answer session detailing how the initial hack went down. In what is being described as the largest DeFi hack to date, the Poly Network suffered a $612-million exploit on Tuesday that […]

United States lawmakers will soon destroy a massive opportunity for job creation and a diverse workforce in blockchain technology if they do not amend infrastructure bill HR 3684, which would require blockchain developers to attain broker status on U.S. soil. HR 3684 does not recognize the taxonomy of the asset […]

Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that the crypto industry is headed toward a greener future, some academic researchers have noted that mining BTC consumes more power than that of small countries. […]

India’s regulatory uncertainties have not affected the investor’s sentiment toward crypto as the latest data from crypto exchanges suggests a rising influx of users. Binance-owned Indian crypto exchange WazirX reported 2,648% growth to date in user signups from smaller cities across India, also known as tier-II and tier-III cities, which […]

Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest to offer scalable, user-friendly solutions. With the launch of Teller’s Polygon mainnet, users can begin making deposits and funding liquidity pools immediately, the company disclosed Tuesday. […]

Momentum the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin price to the $46,700 and Ether price to $3,150 on Aug 9. The growing optimism has also translated into a bounce in dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which […]