Zimbabwe's central bank has defied warnings from the International Monetary Fund (IMF) and issued digital tokens backed by gold worth $39 million. This decision comes as the country grapples with high inflation and volatile currency fluctuations. The tokens were launched in April and made available for purchase from May 8 ...
South Korean legislator Kim Nam-kuk has resigned from the Democratic Party following allegations of involvement in cryptocurrency activities while participating in the enactment of the country’s digital assets legislation. Kim declared his intention to prove his innocence and noted that his resignation would relieve party members of the burden caused ...
Lawmakers in the Texas House of Representatives have approved a new amendment to the state's Bill of Rights that protects individuals' freedom to own, hold, and use digital currencies. The decision was made on May 3, 2023, with an overwhelming majority of 139 votes in favor and only two against. ...
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 ...
A new survey by Goldman Sachs reveals that wealthy individuals are increasingly investing in digital assets and blockchain technology. According to the survey, 32% of family offices now invest in digital assets, including stablecoins, non-fungible tokens (NFTs), decentralized finance (DeFi), and blockchain-focused funds. The survey also reveals that family offices ...
Cryptocurrency industry supporters have raised concerns about a proposed regulation by the U.S. Securities and Exchange Commission (SEC) that would tighten laws surrounding crypto custody. The Blockchain Association, an advocacy group, and Web3 venture capital firm Andreessen Horowitz (a16z) have both written letters to the regulator, arguing that the proposal ...
China has released a draft proposal outlining how to manage financial experiments related to cryptocurrencies as it seeks to expand its involvement in the crypto industry. Despite the Chinese government’s concerns about the risks associated with digital currencies, the proposed protocol aims to clarify the legality of legal actions related ...
Centralized crypto exchanges (CEX) experienced a decline in trading volumes for the first time in three months in April 2023, according to blockchain analytics provider Kaiko. Trading volumes dropped to just over $500 billion, which is almost half the volumes recorded in March 2023, making it the lowest trading volume ...
According to a report released by Privacy Affairs, a leading online data security company, cybercriminals are selling compromised and verified cryptocurrency accounts on the dark web at increasingly high prices. The report, titled "The Dark Web Price Index," published on April 24, 2023, shows that prices for verified accounts have ...
A survey conducted by Bitget between July 2022 and January 2023 found that 46% of millennial respondents owned cryptocurrencies. The survey had nearly 459,000 participants from 26 countries, including the US, China, Japan, Germany, Indonesia, and Nigeria. Compared to millennials, only 25% of Gen X respondents, 21% of Gen Z ...
