The United States’ largest cryptocurrency exchange platform founded in 2012, Coinbase, announced an update that will allow its users to access Web3 application functionality, DeFi and dapps.
Author: hassan
hassan
Hassan Shittu contributed to Blockchain Journal as a cryptocurrency journalist, covering blockchain technology, digital asset markets, and broader industry developments. His reporting focused on delivering clear, timely coverage of crypto-related news, with attention to market structure, ecosystem trends, and factual accuracy.
According to a release on May 15, the Australian Taxation Office (ATO) set out its priorities to remind investors and consumers that selling digital assets( such as non-fungible tokens) and cryptocurrencies can attract capital gains or losses tax, just as it would for the sale of physical assets such as properties and shares. The Australian Taxation Office has warned Cryptocurrency investors to declare capital gains or losses on sales of digital tokens.
Top officials of the Reserve Bank of India (RBI) have raised fresh allegations and concerns over Stablecoins and other crypto pegged to the US dollar. The officials presented the allegation over the fear of dollarization of the country’s economic system.
As reported by Financial Times, the Chief Executive, Billionaire and Founder of the famous cryptocurrency exchange, FTX, Sam Bankman-Fried, has said that Bitcoin- a proof-of-work network- has no future as a payments network because of its inefficiency and high energy costs.
In light of the Russian invasion of Ukraine and the rise in banking and online scams, the British government said Thursday, April 28, that it could seize cryptocurrencies to combat economic crime. The government proposed to tackle the rise in banking and online scams caused mainly by the closure of COVID-19 by imposing legislation to quickly recover cryptocurrencies used in criminal activities.
21Shares, one of the world’s largest crypto Exchange Traded Product (ETP) providers, teamed up with UK-based alternative investment provider ByteTree Asset Management to conceptualize the theory of launching a product that combines the longer-term returns and protection against inflation prospects.
The New York State Senate established a two-year moratorium on the cryptocurrency mining operations that utilized carbon-based fuels: the Proof-of-Work authentication methods.