Crypto

Crypto investors in South Korea are breathing a sigh of relief, as a pro-crypto candidate won the crucial Presidential election. Election results show that the Conservative Party candidate Yoon Suk-yeol will become South Korea’s next President. In one of the closest elections in South Korean history, Yoon beat his opponent by less than one percentage point. As a former top prosecutor, Yoon promised to deregulate the crypto industry. His pro-crypto stance might have helped him win the election. Deregulating crypto was…

Before evaluating an ICO for a crypto project, all traders must consider many aspects. Today we will discuss two of the most noteworthy: hard and soft market capitalization. A hard cap is the maximum amount of money a company hopes to raise in an ICO. On the other hand, a soft cap is the least amount of funds creators need to launch their project. Our analysis will go beyond the mere definition and provide food for thought. The Concept of…

Scammers use social media platforms to impersonate celebrities or acquaintances and persuade victims to make fake investments. The rise of cryptocurrencies and the lack of regulations gave new tools to these criminals. We'll look at how the market is attempting to safeguard investors today. For example, crypto commentators frequently emphasize anti-dumping regulations to deter online fraudsters. What Are Pump and Dump Operations? Before dwelling on anti-dumping policies, we must understand what a “pump and dump” operation is. A pump and…

Ukraine is buying military supplies from weapon vendors accepting crypto as a means of payment.  Reports from a Ukrainian Senior officer reveal that several weapon dealers are willing to trade weapons in exchange for crypto.  Ukraine Buys Supplies with Crypto Donations Ukraine started a fundraiser in crypto to seek worldwide financial assistance, given the crises of Russia's invasion during February ending. The global community turned up in numbers to support the Russian neighbors and donations obtained from this end accumulated…

Scalability has become more pressing as the crypto sector experiences increased customer demand. As a result, many of us have come across terms like “layer one” and “layer two” protocols in the blockchain world. Blockchains must be very secure due to the need for a centralized authority. They must also be incredibly scalable to cope with growing users and transactions. Today we will learn more about layer three solutions, a technology aiming to provide scalability while maintaining top-notch security. A…

Brazil’s Senate’s Economic Affairs Committee (CAE) has released an official report stating that it has approved a bill endorsing the regulation of BTC and crypto markets across the South American nation. What does the Bill Entail? With this move, Brazil is steadily on the road to adopting cryptocurrency on a wider scale. The bill paves the way for residents of Brazil to invest in Bitcoin and other digital assets. It also facilitates their use in everyday transactions.  Effective regulation is…

Fears of account closure have pushed Canadian bank customers to withdraw account holdings and secure their funds in cash and other means. Cryptocurrencies remain a form of escape for Canadians who are not only funding protests with crypto but saving in them as well. In reaction to recent moves from the Canadian government, residents have opted to protect their finances by withdrawing existing bank balances. It began a week ago when the prime minister of Canada Justin Trudeau invoked the…

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…

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…