The officials from the Gyeonggi provincial government in South Korea launched a massive crackdown on tax evaders who used cryptocurrencies to hide their earnings. According to the Financial Times, over $47 million worth in Bitcoin (BTC), Ethereum (ETH), and other digital assets were seized from 12,000 people who allegedly were involved in tax evasion, including a TV host, a doctor, […]

Over the last few weeks, the cryptocurrency market has shown signs of weakness, with many cryptocurrencies losing considerable value during this time, and investors becoming increasingly wary of investing in new tokens.  But while straight-up buying new tokens is one way to gain exposure to new potentially promising projects, there are also numerous ways to buy, earn, or win new […]

The U.S. Securities and Exchange Commission (SEC) has settled charges brought against Loci Inc. and its CEO John Wise in connection with an unregistered securities offering in which they were said to have made materially false and misleading statements in connection with the sale of digital asset securities. In a press release, the regulator said it had settled the charges […]

One of the original decentralized finance and nonfungible token (DeFi/NFTs) crossover projects is taking a step forward today with the launch of a metaverse litepaper. Aavegotchi — a project that creates upgradeable NFTs backed by yield-bearing positions on lending platform and money market Aave — announced the publication of a litepaper devoted to a gamified metaverse called the “Gotchiverse.” Aavegotchi […]

Israel’s central bank has allegedly completed a pilot — under the radar — for a central bank digital currency (CBDC) using Ethereum’s technology. The claim was made by the Israeli financial news site Globes and later reported by BNN Bloomberg. Globes’ sources for its claims are not disclosed: the report alleged that the Bank of Israel (BOI) completed its pilot […]

TRON price is slowly recovering above $0.0500 against the US Dollar, similar to bitcoin. TRX price must surpass $0.0580 and $0.0600 to start a steady increase. Tron Price Analysis There was a downside extension in tron price below the $0.0600 level against the US Dollar. TRX price even broke the $0.0550 support level and the 55 simple moving average (4-hours). […]

The UK’s Financial Conduct Authority (FCA), the agency responsible for overseeing the crypto industry on anti-money laundering and counter-terrorist financing, raised an alarm on Tuesday against the 111 unregistered cryptocurrency companies operating in the country. Addressing the City & Financial’s City Week event, Mark Steward, FCA’s head of enforcement and market oversight, said: “We have a number of firms that […]