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Bitcoin and other virtual assets are now legal in Ukraine, following a recent passing of votes within the Ukrainian parliament. The draft bill which has now been passed on second reading was initially vetoed by the President in September. President Zelensky cited at the time that it was impractical to create a fresh regulatory body to exclusively oversee Bitcoin or other crypto assets.  The bill was returned to the parliament, which would make adjustments based on Zelensky’s recommendations. Six months…

Facing increased scrutiny from the country's financial regulators, Binance paused all of its services in Israel. BNB token plunged on the news. On Thursday, Israel's Capital Markets Authority, the country's chief financial regulator, asked Binance to clarify its activities. In particular, Israeli authorities asked Binance to clarify the services it provides and the license under which it operates. According to the regulator, one of the largest exchanges in the world has stopped key operations after the probe. Following the intervention of…

Singapore-based crypto exchange, Bybit, has completed a $50 million deal with F1 giant, Red Bull Racing. Prior to the multi-year partnership with Bybit, Red Bull signed a $300 million deal with the software firm Oracle a week ago. Bybit’s recent deal however goes down as the biggest yet between a crypto and sports entity in history, on a per-year basis. Bybit was founded in 2018 and has rapidly grown to command more than six million active users globally. Its COO…

Reports suggested that Melania Trump might have placed the winning bid for her own NFT auction. The former first lady denied the accusations. Melania Trump is facing scrutiny for her NFT business. In particular, reports suggest that the crypto for the winning bid for her NFT auction came from the same wallet that launched it. The auction in question was for a collection inspired by her 2018 state visit to France, featuring physical and digital items. For $250,000, the first…

Canada’s government is expanding its crackdown on donations to protestors objecting to vaccine mandates in Ottawa. In new efforts, the Royal Canadian Mounted Police (RCMP) have ordered crypto exchanges to not facilitate transactions with blockchain addresses linked to the movement. Following The Money As reported by The Counter Signal on Wednesday, FINTRAC companies in Canada have been ordered to cease transactions with 34 specific crypto addresses. These include 1 Monero, Litecoin, and Cardano address, two Ethereum addresses, and 29 Bitcoin…

The state of Colorado is ready to accept tax payments made in crypto by Summer, 2022. At least three other US states are considering passing similar legislation.  According to the governor's announcement, the state will allow Colorado dwellers to pay tax equivalents in crypto, while a buffer converts it to United States Dollars.  The state's governor, Jared Polis, gave an interview to CNBC on Tuesday. He said the government is working on the acceptance of taxes in the form of…

The United States Securities and Exchange Commission (SEC) is reportedly looking into Binance.US. Binance.US is the American division of the world’s biggest crypto exchange. At writing, the SEC’s major objective during its rumored probe is to discern Binance.US’s relationship with two trading companies, Merit Peak Ltd and Sigma Chain AG.  The aforementioned companies provide liquidity for Binance in exchange for the spread on executed trade orders. Documents dating back to 2019 connect Binance CEO Changpeng Zhao to both trading firms.…

The popular decentralized exchange aggregator “1inch” has dropped another useful tool for Web 3 and Defi developers. This time, it's the “spot price aggregator” – a tool that extracts price data for tokens traded on multiple DEXs right from the blockchain. This data can be incorporated right into any person’s project, using publicly available smart contract addresses and source code on Github. What is the Spot Price Aggregator? According to a press release shared with CryptoAdventure, the new tool works…

JP Morgan has joined the Metaverse. The largest bank in the U.S. has secured its spot in Decentraland. Decentraland is a game that allows users to build land and create assets from scratch. It also allows them to build rooms, buildings - and entire cities. In the heart of the game's Metajuku district, a play on Tokyo's Harajuku shopping district, JP Morgan built its Onyx lounge. https://twitter.com/fintechfrank/status/1493633222424551434 Named after its crypto initiative, the Onyx lounge features a tiger roaming the…