Cryptocurrency is gaining speed in South Africa, as the government made it clear in its 2022 Budget Speech that it is taking it very seriously, says Tax Consulting SA. In the Budget Review 2022, the government established its cards on the table by proposing that regulatory bodies safeguard the crypto owner, the firm said. Tax […]
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Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine. The criticism has seen the crypto industry scrambling to regain control of the narrative, with many executives frustrated […]
Russia’s probable invasion of its neighboring country, Ukraine, has reached the cryptocurrency market as decentralized assets’ valuation crashed with escalated tensions, resulting in cryptocurrency investors offloading their assets to safeguard their portfolios before any risky price fall. On Friday, U.S. President Joe Biden revealed that Russia’s President Vladimir Putin decided to take control of Ukraine, […]
The United Arab Emirates (UAE) is prepared to issue federal licenses for virtual asset service providers (VASP) by the end of the first quarter to attract some of the world’s biggest crypto companies, according to a government official. Binance Holdings, the world’s largest cryptocurrency exchange by trading volume, is among those considering imposing a more […]
Buying virtual land is a weird concept for many, and understandably so. How can pixels on a screen be worth thousands and sometimes millions of real-world fiat currency that can be used for real-world items. Well, it’s not that different from buying any digital piece given the value is in what people believe it lies […]
Non-Fungible Tokens’ (NFT) fame is exponentially growing, with various artists and cryptocurrency exchanges adopting the decentralized innovation to release blockchain-based fundraising campaigns to promote gender equality. The hype around NFTs has taken a different turn, with artists worldwide adopting the technology to break the societal wealth gap – or at least try to – in […]
More than $600 million in cryptocurrency has been stolen from the protocol PolyNetwork, in a scheme that’s regarded as one of the largest thefts in the history of cryptocurrency. In a letter posted on Twitter, PolyNetwork, a decentralized platform that allows crypto coin holders to trade assets across a variety of blockchains, pleaded with hackers to return the haul on Tuesday. “Dear Hackers,” the […]