Tag: News

Leading Crypto Tax and Accounting Provider Ledgible Unveils New Design – Press release Bitcoin News

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press release PRESS RELEASE. Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors unveils a newly revamped website and interface. Users can now quickly explore the company’s various digital asset solutions, connect with support, register and so much more all in one streamlined ecosystem. The announcement comes just in time for the 2022 US tax season, as tax filers and tax professionals are gearing up for the highest volume digital asset tax filing season ever in the US. Legible offers more than just digital asset…

SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation – Market Updates Bitcoin News

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Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday. Solana (SOL) Solana (SOL) remained near a two-month high to start the week, despite crypto markets beginning to consolidate recent gains. SOL/USD hit an intraday high of $24.75 on Monday, which comes less than a day after falling to a bottom of $22.68. This move means that the…

Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges – Bitcoin News

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On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates. Onchain Researchers Track Stolen Ethereum From Harmony Bridge Attack and Help Major Exchanges Freeze Funds On June 23 of last year, the Harmony development team disclosed that $100 million in cryptocurrency funds had been stolen from the Horizon bridge. Reports indicated that the attacker had utilized a…

Signs of Change as US Lawmakers Create Subcommittee for Crypto – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin exploded last week with an incredible 24% move, as Bitcoin mining difficulty rallied too. Bitcoin mining difficulty is a measure of how difficult it is to create the next block of transactions. This metric resets every two weeks and climbed by over 10% last week according to data from BTC.com – the largest rise since October. Bitcoin mining difficulty fell 3.6% before the last update, after a winter storm led some miners to shut down. However, now miners…

BTC, ETH Consolidate Following Recent Highs – Market Updates Bitcoin News

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Bitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration. Traders have seemingly moved to secure recent gains, after the world’s largest cryptocurrency rose above $21,000 for the first time since November. Ethereum also retreated from recent highs in today’s session. Bitcoin Bitcoin (BTC) consolidated to start the week, as prices failed to break out of a key resistance level. Following a high of $21,345.25 on Sunday, BTC/USD fell to an intraday low of $20,681.98 earlier in today’s session. This…

Bradesco, One of Brazil’s Largest Banks, Launches Tokenized Credit Notes in Blockchain Pilot – Finance Bitcoin News

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Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also distributed by Bradesco. Bradesco Launches Asset Tokenization Program Bradesco, one of the biggest banks in Brazil and Latam, has entered the crypto era, being one of the first institutions that harness blockchain tech in its operations in Brazil. The bank announced on…

Fasttoken, Official Crypto of Fastex, to Launch to the Public on January 18 – Sponsored Bitcoin News

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sponsored Developed by technology giant SoftConstruct, Fasttoken (FTN) is the official cryptocurrency in the Fastex ecosystem and the native token of the Fastex Chain. Aside from passing two audits by independent third-party auditors, Fastex is a regulated virtual currency exchange and virtual currency wallet operator in Europe. Additionally, the company recently opened a first-of-its-kind physical NFT shop in Dubai. Meet Fasttoken, The Official Cryptocurrency of Fastex Developed and curated by leading technology giant SoftConstruct, Fasttoken is the official cryptocurrency of the Fastex ecosystem. The Fastex ecosystem consists of a variety…

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin – Economics Bitcoin News

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A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market, affecting prices. Cornell Profesor Alerts About Stablecoin Collapse Danger Eswar Prasad, an economics professor at Cornell University, has warned about the potential damage a bank run on a possible collapse of a major stablecoin could bring to the traditional finance…

Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage – Regulation Bitcoin News

South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a final ruling in a case involving a service outage at Bithumb, the country’s largest cryptocurrency exchange, Yonhap reported. The court has ordered Bithumb to pay damages totaling 251.4 million won ($203,120) to 132 investors who…

Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime – Africa Bitcoin News

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The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have pledged not to intervene in currency markets. Flexible Exchange Rate Regime Just a few months after plunging by more than 15% versus the U.S. dollar, the Egyptian pound tapped a new low of more than…