Joe Biden, the President of the United States, will speak about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches. It has been reported by Biden’s national security adviser Jake Sullivan that US officials, seemingly including Biden, would like to see an action plan regarding ransomware attacks during the president’s visit to the G-7 summit this weekend. The national security adviser said this plan should address the resilience of

The economy has exhausted today’s generation. It’s no longer about finishing school, earning a prestigious degree, landing a six-figure salary, and settling down. It is about creating your identity with your uniqueness. Today’s generation is striving to bring out the best in themselves, creating original content every day rather than succumbing to standards. With the social revolution taking place, all that matters is how qualitatively a service is being provided. And it beca

Prime Experiences, the luxury yacht firm, has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year. It has been reported that the firm also announced that it would base its web and mobile services on blockchain technology as it provided more transactional security than any other system. However, Prime Experiences stated that it expects to see $6.5 million in revenue

Report said that a group of more than 20 firms comprising crypto, finance, technology, energy, and non-government organizations has banded together to focus on the environmental impact of cryptocurrency. It has been reported that the Crypto Climate Accord, inspired by the 195-signatory Paris Climate Agreement, said that it aims to address the “large and growing energy consumption of cryptocurrency and blockchain, and the climate impact of their energy use.” Launched by nonpro

Abdulla Bin Touq Al Marri, the Economy Minister of UAE, said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy, as currently estimated to be the 34th-largest in the world in 10 years. It has been reported that Al Marri was joined on the panel, titled the “Arrival of the token economy, from art to real estate,” by artist Harry Yeff and WEF executive Sheila Warren. While much of the conversation centered on the current nonfungib

An avid supporter of Dogecoin (DOGE), American rapper Snoop Dogg desires to release his cryptocurrency in the future, when he asked “Is d-o-g-g similar to d-o-g-e?” On April 2, he happened to share in a Vanity Fair interview that his NFT will be launching on Crypto.com. This particular memorabilia might not be the only contribution by Snoop on the crypto space for his followers. Due to the constant comparisons of his name with Dogecoin, the rapper directed to Nick Bilton bein

On March 31, Bitcoin closed with six green candles, making a similar resemblance to the streak of record that happened back in April 2013. In its monthly closing data, Bitcoin happened to close with six consecutive monthly green candles for the first time since April 2013. The incident further directs towards Bitcoin enjoying a parabolic increase this year. Back in April 2013, Bitcoin closed at $140 approximately after posting six green monthly candles. Source: Trading View W

. THE GAMBLE OF INVESTING IN CRYPTOCURRENCIES The crypto industry has been the subject of discussion for over a couple of years. Disrupting the financial sector, cryptocurrency in the form of Bitcoin has seen a massive boom. Some countries are successfully operating these intangible assets, while some are still in speculation of their very existence, having second thoughts on its security aspect, trying to regulate it to ensure ease in transactions while complying with the ju

Report said that South Korea will implement a 20% tax on Bitcoin (BTC) and cryptocurrency profits starting January 1, 2022. It has been reported by the nation’s Ministry of Economy and Finance that profits made from both trading and holding cryptocurrencies will be subject to the tax. However, the tax will be triggered when profits made from cryptocurrencies exceed 2.5 million won, or around $2,300, as gains made up to this point will be tax-exempt. The report said that previ

The World Economic Forum’s (WEF) upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness. Davos Agenda is a five-day summit featuring some of the world’s leading figures in finance and government. The cryptocurrency series falls under the summit’s “Fairer Economies” theme. Other themes include “Tech for Good,” “How to Save the Planet” and “Healthy Futures.” It has

Banca Generali, the major Italian private bank, has planned to introduce cryptocurrency services in 2021. It has been reported that the bank has entered a corporate and commercial partnership with Conio, a fintech company providing traditional financial institutions with solutions for managing digital assets including wallets and custody. However, a spokesperson for Banca Generali, said that the bank does not plan to launch a cryptocurrency exchange in the near future, but ra

The central bank of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. It has been reported that the National Bank of the Kyrgyz Republic is developing a draft law that would regulate cryptocurrency exchanges in consultation with industry stakeholders. However, the bank stated that the draft law would regulate the sale and purchase of cryptocurrencies with the aim of tackling fraudulent cryptocurrency schemes and financial crimes, as

Bitcoin (BTC) hits $12,865 during trading on October 21 as PayPal would support four cryptocurrencies to boost markets in 2021. It has been reported by data from Cointelegraph Markets, Coin360, and TradingView that Bitcoin’s best day in over a year as 24-hour gains topped 7%. However, the report said that hours after rising to $12,400, BTC/USD crossed $12,500 to only see resistance at just below $13,000. Today, we are announcing the launch of a new service that will enable cu

Dr. Mohd Daud Bakar, the Chairman of Securities Commission Malaysia (SC) Shariah Advisory Council, has praised the “great potential” of cryptocurrency. Just three months after a landmark decision declaring digital assets trading is permissible under Islamic law, and religious scholars in Malaysia, crypto is looking bullish as an investment. It has been reported that the Chairman said crypto has great potential but adoption in the country faced challenges from a lack of unders

The Romanian authorities are set to host their first-ever auction of cryptocurrency that seized from a fraud case. It has been reported that the National Agency for the Management of Seized Assets (ANABI) announced its upcoming auction of the confiscated Bitcoin (BTC) and Ether (ETH), as required by a ruling from the Prosecutor’s Office in Ploiesti Court. ANABI stated: “Taking into account the nature of the moveable property put up for auction, the successful tenderer will ha

A latest report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global leading interbank messaging firm, said that cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. It has been reported that instead of the perception that crypto assets are a preferred haven for illegally acquired funds, criminals prefer to launder proceeds through mules, front companies, or cash businesses as well as in

Ziglu, the UK-based cryptocurrency banking platform, has announced the launch of its peer-to-peer (P2P) payments service for both fiat and cryptocurrency. It has been reported that Ziglu offers simple and secure access to any currency, as the platform is undergoing continuous development and many more features are scheduled for the future. Mark Hipperson, the founder and CEO and Ziglu, spoke about becoming fully licensed, P2P payments and future plans. He described the licens

Cryptocurrency exchange Binance is launching a fiat-to-crypto trading platform in Australia, to offer direct purchases of crypto using the Australian dollar (AUD). Binance already operates Binance Lite Australia which offers limited services. Aussies 🇦🇺! You can now deposit and withdraw $AUD directly from, and to your bank account, with ZERO fees! Check it out ⬇️https://t.co/XfFBOXIGPA — Binance (@binance) July 28, 2020 However, the new venture will be more like a fully f

United States-based online brokerage TradeStation is planning to launch a crypto lending service. TradeStation is a subsidiary of Japanese firm Monex Group and was announced in Monex’s earning report published on July 29. Deposit your eligible crypto coins with a TradeStation Crypto account today! Sign – Up For TradeStation Crypto: https://t.co/ad9AnaLVe3 pic.twitter.com/XMY0pktGFT — TradeStation (@TradeStation) July 24, 2020 The new lending service called “Crypto Earn” is

Digital intelligence firm Cellebrite has launched its own “Cellebrite Crypto Tracer” solution powered by CipherTrace. The new offering aims to trace illicit cryptocurrencies such as: money laundering terrorism drugs human trafficking weapon sales ransomware schemes The suite of tools will be available to investigators, analysts and non-technical agents who want to lawfully obtain evidence and trace criminals who use cryptocurrencies through the darknet. Cellebrite Adds Crypto