The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. Argentine Senate Passes Crypto Anti-Money […] Source
Tag: Cryptocurrency
NFT Market Faces 16.55% Drop in Sales Amidst Cryptocurrency Downturn
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from the previous week. NFT Sales Decline Across […] Source
Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments
Some of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency demonstrates the real estate agency’s openness and its eagerness to become “a leader within […] Source
South Korea Preparing Tax System to Avoid Cryptocurrency Tax Evasion
The National Tax Service in South Korea is preparing to launch a virtual asset tax system to help analyze the information received from cryptocurrency holders to avoid cryptocurrency tax evasion. Local sources reported that the agency had contracted the services of a third-party company to help in this task, and it is scheduled to be […] Source CryptoX Portal
Cryptocurrency: Only a Scam When You Can’t Make Money Off of It
Donald Trump was no fan of Bitcoin or cryptocurrencies in 2019. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12, 2019 In 2021, he called Bitcoin a scam. In 2024, he’s all for it. What changed? He figured out how to make money off of it. In this case, people paid for his…
Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority, and the Argentine Fintech Chamber proposed crypto tax exemptions in Argentina. $400 […] Source
The best cryptocurrency portfolio trackers of 2024
Explore the best crypto portfolio trackers in 2024 that could help investors manage your investments effectively Amid a bullish trend in the cryptocurrency market, many investors may be thinking about how to effectively manage ther investments. Whether you’re a seasoned trader or just stepping into the world of crypto, keeping track of your portfolio is crucial for making informed decisions. As a result, with the evolution of technology, crypto portfolio trackers have emerged as promising tools for investors. Understanding crypto portfolio trackers Crypto portfolio tracker apps monitor transaction history, live…
Cryptocurrency spike returns retail to market
K33Research spots spikes in website traffic to crypto exchanges, suggesting retail is gradually returning. K33Research Senior Analyst Vetle Lunde has seen a sharp increase in website traffic for cryptocurrency exchanges. Thus, 90-day website traffic increased by 45% from August to October. Website traffic data confirms that retail is gradually returning to the market 90-day website traffic to crypto exchanges has increased 45% from the Aug-Oct figures Similarly, website traffic to CMC and CoinGecko is up 66% Still, both are well behind the summer of 2022 pic.twitter.com/wctju01fDQ — Vetle Lunde (@VetleLunde)…
Election Fever Hits Cryptocurrency: TRUMP and BODEN Tokens Surge
As the 2024 US presidential election approaches, memecoins named after Donald Trump (TRUMP) and Joe Biden (BODEN) are experiencing significant fluctuations, reflecting their popularity and potential as prediction markets. The Trump-inspired TRUMP token has recorded a notable increase of 242.9% in a month and 17.9% in a week, while the Biden-inspired BODEN token surged by […] Source
Hong Kong Reiterates Unlicensed Cryptocurrency Platforms Will Be Expelled by June
Unlicensed cryptocurrency platforms will not be allowed to operate in Hong Kong starting next June, according to the Securities and Futures Commission (SFC). The commission closed the period for these institutions to introduce their applications to obtain a license on February 29 and will progressively expel the noncompliant exchanges from the Hong Kong market. Hong […] Source