By Paul Grewal, Chief Legal Officer Bad facts make bad law. We see this in jurisdictions all over the world, especially when it comes to digital assets. Unfortunately, we are about to see this again — this time in the European Union — in the form of a revision to the Transfer of Funds Regulation....Read More
The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department (CID) of Ahmedabad Police in India’s Gujarat province registered a case where the victim was duped of Indian Rupees (Rs.) 22 lakh (approximately...Read More
Non-fungible tokens continue to be used for some humanitarian reasons, and the latest example came from South Africa. A digital collection of Nelson Mandela’s original arrest warrant from over half a century ago was sold for more than $130,000 to fund a heritage site. Mandela NFT Sold for $130K Prior to becoming South Africa’s first...Read More
There’s been a lot of discussion surrounding EU’s proposed MiCA regulations, especially the text that was aimed at outlawing proof-of-work cryptocurrencies like Bitcoin. Now, the law is moving forward but without these clauses. A Relief for Bitcoin in EU The European Union’s (EU) proposed Markets in Crypto Assets (MiCA) regulatory package has decided not to...Read More
Almost half of the German population is motivated to invest in cryptocurrency, as revealed by digital asset exchange KuCoin’s ‘Into the Cryptoverse 2022’ report. Crypto Adoption in Germany Grows According to the report, 44% of Germans are somewhat motivated to “invest in cryptocurrencies to be a part of the future of finance.” 35% of them...Read More
South Korea’s National Tax Agency’s chairman Kim Dae-Ji held a meeting this week with tax executives from Bulgaria and Britain to discuss the “rise of tax-dodging schemes” through the use of digital assets. As per a report from a local news outlet, the National Tax Agency plans to further cooperate with Bulgaria and Britain to...Read More
[PRESS RELEASE – Dubai, UAE, 25th March 2022] The gaming industry has always been a catalyst for the mass adoption of novel technologies, whether it be home computers, smartphones, or VR/AR. Today, history is repeating itself through the rise of blockchain-integrated games. The average gamer can now monetize their gameplay and their value via in-game...Read More
[PRESS RELEASE – Singapore, Singapore, 25th March 2022] Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, is launching a unique collection in collaboration with Toni Kroos today March 31 at 11AM UTC, one of the best German soccer players in history currently playing as a midfielder for Real...Read More
For the first time in a long time, the crypto market cap has surpassed $2 trillion, with bitcoin briefly reaching $45,000. In the last 24 hours, the cryptocurrency has maintained its upward trajectory, reaching and briefly surpassing $45,000. This is the highest price it’s been since March 2nd. BTC is currently trading at roughly $44,500,...Read More
Following a solid week, Bitcoin continues to lead other cryptocurrencies on a bullish attack into the weekend. Bitcoin’s daily candle closed at $44,340 on Friday, after briefly touching $45,000 on Saturday. The price has been on a bullish trajectory since Monday last week, with only a slight correction last weekend after the price reached $42,000....Read More
Over the previous 24 hours, the market has shifted to a bearish trend. Bitcoin, the market leader, has reclaimed prior gains and now trades with a 0.05 percent loss, while Ethereum is down 0.44 percent. Cardano Price Action The price of ADA continues to rise, with significant gains. This week, the price opened higher and...Read More
