Day: 10 May 2023

Multiple traditional financial institutions in the United Kingdom have expressed concerns regarding the government's plans to regulate cryptocurrencies. These institutions have raised issues related to accuracy, taxation, and consumer protection as potential risks associated with cryptocurrency regulation. The Institute of Chartered Accountants in England and Wales (ICAEW) cautioned that regulation ...

Validators on the Ethereum network have seen a substantial increase in their earnings; they accrued a total revenue of $46 million in the first week of May 2023. Data from beaconcha.in reveals that validators earned a combined total of 24,997 ETH between May 1 and May 7, compared to the ...

President Joe Biden recently took to Twitter to share an infographic calling for the closure of tax loopholes that supposedly benefit wealthy cryptocurrency investors. The president estimated that the government could save approximately $18 billion by addressing these loopholes. However, he did not provide specific details about which loopholes he ...

Sixteen individuals accused of kidnapping and stealing cryptocurrency began their trial at the Ho Chi Minh City People's Court on May 10, 2023. The defendants, including Ho Ngoc Tai, Tran Ngoc Hoang, and their associates, allegedly stole approximately $1.5 million worth of cryptocurrency from Le Duc Nguyen. According to local ...

The Aragon Association, the organization responsible for managing the Aragon open-source framework for decentralized autonomous organizations (DAOs), has decided to cancel its proposal to grant voting rights to holders of its native Aragon (ANT) token. The announcement was made in a blog post on May 9, 2023. The Association cited ...

OKX has announced its position as the title sponsor and premium partner of the Blockchain Economy Istanbul Summit, the largest blockchain conference in Eurasia. The Summit aims to bring together industry representatives and entrepreneurs from leading crypto and blockchain firms across the globe. Scheduled to take place over two days ...

OKX has launched a global advertising campaign that appears to take a jab at Coinbase's recent marketing efforts. Released on May 9, 2023, OKX's 60-second video campaign concludes with a critique of what it perceives as flaws in the centralized financial system. While Coinbase is not directly mentioned in the ...