Just-In: European Parliament Votes For Crypto Tax System
The European Parliament has voted in favour of a more coordinated and fair taxation system for cryptocurrencies, and to utilize blockchain technology in facilitating a more robust approach towards mitigating instances of tax evasion. Over 80% Members of the European Parliament vote in favor of resolution The resolution which was drafted by MEP Lídia Pereira The post Just-In: European Parliament Votes For Crypto Tax System appeared first on CoinGape.
Binance Signs MoU With Kazakhstan Govt.
Binance is looking to promote the cryptocurrency scene in Kazakhstan in tandem with the country’s authorities, as it signs a Memorandum of Understanding with the Kazakh Financial Monitoring Agency (FMA). The MoU will ensure combined efforts from both parties to ensure mutual benefits of the crypto industry. MoU between Binance and FMA will help promote The post Binance Signs MoU With Kazakhstan Govt. appeared first on CoinGape.
Breaking: SEC Charges Kim Kardashian For Promoting EMAX Tokens
The U.S. Securities and Exchange Commission (SEC) has brought charges on prominent American media personality and socialite Kim Kardashian for her role in promoting EthereumMax (EMAX). The regulatory watchdog, in a press release on Monday, highlighted Kardashian’s refusal to divulge her remuneration for the promotion as violation of the American securities laws. Kim Kardashian did The post Breaking: SEC Charges Kim Kardashian For Promoting EMAX Tokens appeared first on CoinGape.
India Freezes More $WRX And $USDT Tied To Laundering Case
India is leaving no stone unturned in a recent crackdown on the E-Nuggets crypto money laundering case, as its ED freezes an additional $58,000 worth of WRX and USDT. The move comes amidst the authorities’ probe into gaming platform E-Nuggets on money laundering allegations. The ED alleges that Khan used E-Nuggets to defraud the public The post India Freezes More $WRX And $USDT Tied To Laundering Case appeared first on CoinGape.
CFTC Chair Believes Bitcoin Will Grow Massively Under CFTC
Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC) thinks Bitcoin could grow massively, with its current price doubling down, if the asset is under the regulation of the CFTC. Behnam’s remarks come at a time when the United States is still trying to properly regulate cryptocurrencies. Bitcoin could grow if regulated by the The post CFTC Chair Believes Bitcoin Will Grow Massively Under CFTC appeared first on CoinGape.
Breaking: Kazakhstan Presents First Draft Law on Crypto Mining
Kazakhstan is looking to regulate and welcome the cryptocurrency industry as it recently presented its first draft law on cryptocurrencies. The Central Asian nation’s recent draft law which seeks to provide the proper framework for crypto regulation covers the areas of cryptocurrency mining and circulation of cryptocurrencies. Crypto mining in the country has been without The post Breaking: Kazakhstan Presents First Draft Law on Crypto Mining appeared first on CoinGape.
ECB President Says Europe Needs A Borderless Digital Euro
President of the European Central Bank (ECB) Christine Largade says Europe needs a borderless and regulated digital euro. Largade’s comments come at a time when countries across the globe are researching the possibility and feasibility of a CBDC. Christine Largade wants a borderless digital euro Christine Largade made the remark Wednesday while speaking at the The post ECB President Says Europe Needs A Borderless Digital Euro appeared first on CoinGape.
Thai SEC Fines Top Exchange Bitkub and Two Others
The Thai Securities and Exchange Commission (SEC) is once again taking legal action against top exchange Bitkub and two individuals. The SEC has placed a fine of $629k on all three for wash trading. The agency placed a fine of $629k on the three entities In a recent press release, the Thailand SEC announced that The post Thai SEC Fines Top Exchange Bitkub and Two Others appeared first on CoinGape.
Japan Set To Combat Crypto Money Laundering In Recent Law Review
Japan is looking to mitigate the incidence of crypto money laundering in a recent decision to review an already-existing law on money laundering. The use of cryptocurrencies for money laundering and illegal financing has remained a global menace of late. Japan will monitor transfers on exchanges Prominent media outlet Nikkei Asia uncovered the decision from The post Japan Set To Combat Crypto Money Laundering In Recent Law Review appeared first on CoinGape.
Hack Alert: Profanity Vanity Addresses Suffer Another Exploit
Vanity addresses created using the Profanity vanity wallet address generator have suffered yet another hack leading to $966k in losses. The recent exploit follows a previous hack in similar fashion targeting Ethereum vanity addresses, with the Profanity tool as a common denominator. The hacker moved 732 ETH to Tornado Cash Leading security entity PeckShield uncovered The post Hack Alert: Profanity Vanity Addresses Suffer Another Exploit appeared first on CoinGape.
Actor Will Sasso’s Twitter Hacked; Used To Promote ADA Scam
Canadian Actor William Sasso’s Twitter account has been compromised, with the hackers using the account to promote an ADA scam. The compromise is the latest of a series of Twitter account hacks in a coordinated attempt to publicize ADA and XRP scams on the aves-themed social platform. It is ill-advised to click on any links The post Actor Will Sasso’s Twitter Hacked; Used To Promote ADA Scam appeared first on CoinGape.
XRP Price Breaks Out Of 528-Day Downtrend; Will Price Keep Soaring?
XRP – the native token of Ripple – has eventually staged a breakout from a 528-day downtrend, as its outstanding rally gains steam. Largely overlooked throughout this bear market, XRP recently surprised the crypto community with its meteoric rise. The asset has stationed itself as the highest-gaining top asset in several timeframes. XRP price had The post XRP Price Breaks Out Of 528-Day Downtrend; Will Price Keep Soaring? appeared first on CoinGape.
Breaking: Binance Will Support Cardano (ADA) Vasil Hard Fork Upgrade
Binance, the world’s largest digital asset exchange, has indicated its support for the Cardano Vasil Hard Fork upgrade slated for September 22. The Vasil Hard Fork is the next big upgrade the crypto community will witness following the Ethereum Merge which came live on September 15. Binance to suspend deposits/withdrawals Binance declared its support for The post Breaking: Binance Will Support Cardano (ADA) Vasil Hard Fork Upgrade appeared first on CoinGape.
Coinbase Founder Is Concerned For Crypto In U.S., Here’s Why
Brian Armstrong, CEO of America’s largest exchange Coinbase, is concerned about crypto and blockchain technology moving offshore as the regulatory atmosphere in the U.S. breeds toxicity for the nascent industry. Armstrong raises concerns of the crypto industry moving abroad to thrive Brian Armstrong raised these concerns through his Twitter handle on Tuesday. The 39-year-old business The post Coinbase Founder Is Concerned For Crypto In U.S., Here’s Why appeared first on CoinGape.
Hong Kong To Release New STO Charge; Here’s What It Means
Hong Kong is demanding that institutions bring proposals of security token offerings (STOs) to the SFC. The charge is a recent attempt to foster digital asset innovation within the country. Interested entities should discuss STOs with SFC This charge is one of the products of a series of recent meetings held by relevant agencies. Representatives The post Hong Kong To Release New STO Charge; Here’s What It Means appeared first on CoinGape.
Breaking: SEC Files Lawsuit Against Crypto Investor Ian Belina
Ian Balina, an influential crypto investor and founder of Token Metrics, is facing legal action from the SEC. The regulatory watchdog alleges that the renowned crypto media personality engaged in the offering and promotion of “unregistered securities.” The lawsuit alleges that Ian Balina promoted an unregistered security The Securities and Exchange Commission filed the complaint The post Breaking: SEC Files Lawsuit Against Crypto Investor Ian Belina appeared first on CoinGape.
First ’33 Act BTC Futures ETF From Hashdex Goes Live After SEC Approval
The Hashdex Bitcoin Futures ETF is now live on the New York Stock Exchange (NYSE). The product is trading under ticker “DEFI” following approval from the Securities and Exchange Commission (SEC). The approval of the ETF has reignited hope of a more lenient outlook on BTC spot ETFs from the SEC. The Hashdex ETF is The post First ’33 Act BTC Futures ETF From Hashdex Goes Live After SEC Approval appeared first on CoinGape.
Ethereum Merge Shows First Signs Of Concern
Ethereum Merge just completed transitioning to proof-of-stake. It appears there are some disturbing attributes already. Evidence suggests that only two addresses run almost 50% of all the Ethereum PoS nodes. This discovery has aroused some fresh concerns of centralisation. Two Ethereum addresses run up to 45.18% of all nodes post-Merge Crypto market intelligence platform Santiment The post Ethereum Merge Shows First Signs Of Concern appeared first on CoinGape.
MyMetaverse And Enjin Launch Playable NFTs on GTA and Minecraft
Non-fungible tokens (NFTs) are gradually creeping into mainstream games, as game development firm MyMetaverse and blockchain platform Enjin launch playable NFTs on the servers of renowned games Grand Theft Auto and Minecraft. Users can use the NFTs in MyMetaverse servers as playable instruments Tech news platform Venturebeat revealed the development on Wednesday in an official The post MyMetaverse And Enjin Launch Playable NFTs on GTA and Minecraft appeared first on CoinGape.
Dutch Police Busts Man Involved In Laundering Millions Through Crypto
Dutch police recently arrested an individual alleged to have laundered millions of euros using cryptocurrencies. The authorities of the Netherlands have recently intensified their crackdown of crypto-related financial crimes. This recent arrest is testament of the new firm oversight. The suspect allegedly laundered illegal funds by converting from BTC to XMR The police announced the The post Dutch Police Busts Man Involved In Laundering Millions Through Crypto appeared first on CoinGape.