The validators of Terra blockchain have seized all activities on the network until further notice. The step is to respond to the ongoing LUNA and UST crash incidents. Recently, the UST token fell more than 94% in market value; meanwhile, LUNA has crashed back to one cent. At the moment, the developers of Terra have…
The government of Germany has recently imparted very good news for the cryptocurrency investors in the region. According to the latest state announcement, the investors in Germany can sell their cryptocurrency reserves like Bitcoin and Ethereum without having to pay any taxes to the government even after one year of possession. The same tax exemption…
SBI Motor Japan is one of the biggest used car eCommerce retailers in the world. The organization allows the people to list their used Japanese vehicles online and allow others to make purchases after talking to the sellers and checking the condition and credentials of the used car. This type of platform does not qualify…
The news about a recent purchase of house property for 3 Bitcoin was recently recorded in the Southwestern European country of Portugal. Local media outlets reported that the purchase contract was finalized in the form of 3 Bitcoins, and the sellers did not request to convert the 3 Bitcoins into euros. The report was shared…
The Department of Labor in the United States has recently aired its concerns over the proposition of adding Bitcoin as a portfolio diversification option for 401K account holders. The proposal was introduced by asset management firm Fidelity for its clients hailing from the United States. Commenting on the matter, Fidelity’s acting assistant secretary Ali Khawar…
Hack attacks are quite common for cryptocurrency businesses. It is worth noting that the PoW tokens like Bitcoin and Ethereum that require higher computing power are considered more secure in comparison to the PoS staking model currencies that rely on smart contracts. The latest mega hack attack on a DeFi project happened on a DAO-based…
The legislators of Brazil have recently voted in favor of passing a cryptocurrency regulatory bill in the Senate. The local media outlets of the South American nation confirmed that the crypto bill acquired legal status in the region last Wednesday. The Twitter account of Bitcoin Magazine shared that Brazilian Senators have granted the crypto regulatory…
Justin Sun, the founder of the Tron blockchain project, recently introduced a new stablecoin product called USDD. The algorithmic stablecoin project will be pegged to the value of the Tron native token called TRX. Sun has introduced stablecoin as a decentralized project of Tron. Sun is the former CEO of Tron blockchain, who is also…
Dogecoin Foundation has nominated two executives to work with Starlink satellites and enable offline Dogecoin transactions. Both members of the Dogecoin Foundation recently posted a new blog post. The collective article shares the details of the vision and projection of the Doge Foundation workers on the Starlink project. The blog also shared insights and updates…
Solana network has become the 6th largest cryptocurrency project on the global crypto market scale. The blockchain network recently started to gain traction among users after its digital currency wallet application. A few months ago, Solana network introduced Phantom, the first-ever digital currency wallet application for iOS users. Now, the company has managed to introduce…
China last year imposed a nationwide ban on any type of cryptocurrency trading, mining, or advertisement. The South Asian economy proceeded to blacklist the accounts of the cryptocurrency influencers in the country as well. After the ban, Bitcoin miners transferred to other potent locations to continue their businesses. Kazakhstan was transformed into a prime location…
MicroStrategy is on the path to becoming the largest commercial Bitcoin reserve in the world. The transformation was led by MicroStrategy CEO Michael Saylor. To this end, the latest company developments also reflect a continuation of the Bitcoin initiative to become stronger during the upcoming months. A recent letter for the shareholders of the company…
