Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy – Bitcoin News

Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as well as for other blockchains. With this launch, Binance also targets the expanding Web3 economy, partnering with Paysafe and Checkout.com. Bitfinity Launches to Help Merchants Accept Crypto Binance, one of the largest exchanges by volume traded, recently announced the launch of Bitfinity, its own payments technology company. Bitfinity will become the de facto fiat-to-crypto payments processor of the exchange, supporting…

Thailand reportedly exempts 7% crypto tax for traders on authorized exchanges

The finance ministry of Thailand has reportedly eased up crypto tax regulations to promote investment in the digital asset market. The changes to the tax regulations come just a few weeks after the government scrapped its early plans of introducing a 15% tax on crypto gains. The new tax policy exempts crypto traders from the 7% value-added tax (VAT) on authorized exchanges, reported Reuters. The revised tax policy would also allow traders to offset their annual losses against gains for their crypto investment. This comes as big relief for traders,…

WILL BTC PUMP OR DUMP? WHAT'S NEXT FOR BITCOIN? BITCOIN TECHNICAL ANALYSIS

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World of Women Teams Up With The Sandbox for $25M Inclusivity Push

World of Women has seen a dramatic rise to the top of the NFT charts since its launch in November, touting a 7.1 ETH (roughly $17,500) floor price on secondary marketplace OpenSea. The project has benefited heavily from promotion by actress Reese Witherspoon, whose media company Hello Sunshine partnered with the project in February. Source

Chinese police busts illegal crypto mining farm, seizes 190 miners

The Guangdong province’s Development and Reform Commission has reportedly busted an illegal crypto mining farm secretly operating in an electric vehicle charging station. The secret crypto mining farm was busted in the city of Guangzhou, where law enforcement agencies have constantly been making inspections around cities to enforce and eradicate any form of mining operations in the region, reported a local publication. The covert mining operation used over 190 crypto mining machines estimated to be worth 5 million yuan ($7,91,450), which were seized on the spot. The authorities claimed that…

BITCOIN INVESTING FOR FILIPINOS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN INVESTING FOR FILIPINOS To invest in Bitcoin: In this video we have Colin Goltra from Binance ( share his insights on what Bitcoin is, how you can get started, is it really legit, how can you make money from it and everything you need to know if you want to get started by deploying capital in Bitcoin. For those who want to know more about Binance: Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of…

Crypto Markets Slightly Recover After Weekend Decline

Cryptocurrencies are on the rise again, with some stability in sight. Over $1.7 trillion worth of cryptocurrency, the global market cap has increased by 0.51% today alone.  It seems like the crypto markets are finally starting to recover. Bitcoin rose by 1.61%, while Ethereum also showed a slight uptrend in the recent 24 hours, going up 0.70%. The price of bitcoin is currently $38,900, and that for Ethereum stands at about USD 2570 per coin.  Related Reading | TA: Ethereum Could Avoid a Major Downtrend if it Closes Above One…