#Report

Feb 11, 2021
2 min

Report: Service Outages Reported At Major Crypto Exchanges After Tesla Invested $1.5 Billion In Bitc

Report said that service outages have been reported at major cryptocurrency exchanges on February 8, after Tesla invested $1.5 billion in Bitcoin (BTC). It has been reported that news of Tesla’s sizeable investment broke after the discovery of a filing with the US Securities and Exchange Commission. This caused Bitcoin price to jump $3,000 in a matter of minutes, eventually claiming a new all-time high of $44,850. However, problems were reported at a number of exchanges, incl

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Report: Major Companies Added To The Annual Tally Are Applying Blockchain To Problems Regarding Supp

Crypto News Point

Feb 4, 2021
2 min

Report: Major Companies Added To The Annual Tally Are Applying Blockchain To Problems Regarding Supp

Report said that the number of major companies has added to the annual tally that is applying blockchain and DLT-based solutions to problems regarding supply chains, product tracking, and shipping information. It has been reported that more than half of companies added to the Forbes Blockchain 50 list for the first time this year are using blockchain to resolve logistical issues faced in their line of business. However, according to Forbes, “hundreds of sizable companies are

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Report: A Proposal From Delphi Digital Seeks To Alter Aave’s Safety Module And Create New Insurance

Crypto News Point

Jan 11, 2021
3 min

Report: A Proposal From Delphi Digital Seeks To Alter Aave’s Safety Module And Create New Insurance

Report said that a proposal from Delphi Digital is seeking to alter Aave’s Safety Module and create a new insurance product offering, as a full year of Aave (Aave’s January 8th “Aaveversary”) on Ethereum mainnet, there was also a look into Aave’s possible future. It has been reported that $aave governance token holders can stake their tokens in the Safety Module, a pool of liquidity designed to help insure the protocol against a “shortfall event” such as a smart contract expl

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Report: Kenya’s Digital Service Tax Came Into Effect At The Start Of 2021

Crypto News Point

Jan 9, 2021
2 min

Report: Kenya’s Digital Service Tax Came Into Effect At The Start Of 2021

Report said that Kenya’s planned Digital Service Tax (DST) came into effect at the start of 2021. It has been reported that the DST is part of the country’s 2020 revamped Finance Act that focuses on the digital services market among other sectors. However, based on the provisions of the new tax regime, e-market transactions including cryptocurrency payments now attract a 1.5% levy. Reginald Alango, a Kenya country representative at Bitzlato, a noncustodial peer-to-peer crypto

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Report: Some Users Begins Receiving Threatening E-mails Demanding $500 Payment

Crypto News Point

Dec 22, 2020
1 min

Report: Some Users Begins Receiving Threatening E-mails Demanding $500 Payment

A report said that some users have begun receiving threatening e-mails demanding a $500 payment or else risk being attacked in their homes. While users affected by the Ledger data dump are threatening legal action, some wallet owners might be at the risk of being visited by criminals. It has been reported that this development opens up another risk factor for Ledger users whose private information has been leaked by the hacker. However, apart from home invasions, the affected

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Report: 62% Of Firms In South Korea Do Not Know Anything About Blockchain Technology

Crypto News Point

Sep 20, 2020
2 min

Report: 62% Of Firms In South Korea Do Not Know Anything About Blockchain Technology

A report from the Busan Research Institute has revealed that 62% of firms in the blockchain sandbox city of Busan, South Korea, do not know anything about blockchain technology. It has been reported that since last year, Busan has been considered a “regulation-free” zone for blockchain development by the South Korean federal government. However, the city has undertaken numerous projects in the blockchain space including plans for a blockchain-based virtual power plant, and ev

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Report: Nigeria Is One Of The Fastest-Growing Crypto Markets In The World

Crypto News Point

Aug 7, 2020
2 min

Report: Nigeria Is One Of The Fastest-Growing Crypto Markets In The World

A new report says that Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is one of the fastest-growing crypto markets in the world. It has been reported according to a new study by major crypto wallet Blockchain.com that Nigeria has seen the largest influx of activity on its wallet app since April 2020. However, on August 5, the report says that Nigeria has been the best-performing country on its platform over the past three months. The report also notes

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Crypto News Point

May 8, 2020
2 min

Report Reveals Rationale Behind South Korea’s 2018 Crypto Crackdown Played A Feature Role In ‘Crypto

A new report has revealed that the rationale behind South Korea’s 2018 crypto crackdown played a featured role in ‘Crypto Winter’. It has been reported that Digital Today discovered the “2017 Anti-Money Laundering Annual Report” which showed the Financial Intelligence Unit had identified more than half a million crypto transactions in South Korea in 2017 related to illegal activities. However, the 519,908 crypto transactions were identified by authorities as “suspicious” and

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