Regulation
Month: November 2021
Ethereum
NEO
Neo (NEO) is an open-source, blockchain-based network that allows developers to create digital assets and smart contracts. The blockchain, which was founded in 2014, was initially called Antshares (ANS), but switched its name to Neo […]
Bitcoin
OCBC Bank Mulls Setting Up Crypto Exchange: CEO
Oversea-Chinese Banking Corporation (OCBC Bank) is mulling creating a crypto exchange, the bank’s CEO Helen Wong said in an interview with Bloomberg Television today. “We are looking at it and seriously there are some work […]
Market Analysis
IRS Seized $3.5 billion in Crypto This Year, Expects Further Billions
The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021. According to the latest IRS criminal investigation report, this figure represents 93% of assets seized by tax […]
Regulation
Chinese Local Government Warns of Digital Yuan Fraud
The use of CBDC to commit fraud undercuts the narrative that digital currencies issued by nation states will be a better, less-prone-to-fraud alternative to crypto. That this is happening in security-conscious China, which has severely […]
Ethereum
Defi
Open-Source Incentive Platform DoraHacks Secures $8M in Funding from Binance Labs
DoraHacks is a global hackathon organizer, as well as one of the more active Web3 developer communities in the world. According to a press release shared with CryptoPotato, DoraHacks managed to secure $8 million in funding from […]
Bitcoin
Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K
Data tracked by Glassnode shows no signs of panic selling by long-term investors. Supply owned by long-term holders has declined by just 26,461 bitcoin since Nov. 10., representing a meager 0.19% of their balance, according […]
Market Analysis
SoFi share prices down 2% after Billionaire Chamath Palihapitiya sold 15% of his position in SoFi
Bitcoin billionaire Palihapitiya will be using his earnings to fund other investments in technologies that will shape our future. Palihapitiya sold 15% of his position in the crypto and stock trading platform and finance company, […]
Regulation
Norway Considers Backing Swedish Crypto Mining Ban Proposal, Hints Minister
Norway is “currently considering potential policy measures” to address the “challenges related to crypto mining.” In this context, they are “looking at the solutions proposed by the Swedish regulators” with an eye on Europe-wide regulations, […]