In simpler terms, companies that deal with conventional finance (TradFi) are increasingly open to the concept of representing financial assets as digital tokens on publicly accessible blockchains. The competition to tokenize financial assets using blockchain technology is becoming more intense. Markus Infanger, senior vice president at RippleX, explains that traditional finance (TradFi) industry players are … Read more
Dogecoin records growth in the last month amid the meme market decline. The gains may be wiped off soon, as key indicators showed that the bears remain in market control. In simpler terms, among all popular meme coins, only Dogecoin (DOGE) has seen price increases during the past month. According to recent analysis by IntoTheBlock, … Read more
Two proposed bills in the Arkansas State House, if enacted, may limit cryptocurrency mining within the state. These bills are currently just approved measures, but they set the stage for possible future debates and potential creation of laws on this subject. During a Senate hearing on the 17th of April, legislators aimed to discuss and … Read more
Swedes who mine cryptocurrencies owe approximately $90 million in back taxes following discoveries of tax evasions spanning over a four-year period by government authorities. Between 2020 and 2023, the Swedish Tax Agency —Skatteverket— carried out investigations into the activities of 21 crypto-mining companies. The results uncovered that 18 of these firms had submitted “misleading or … Read more
According to an article in Economic Times, Binance cryptocurrency exchange is planning to resume operations in India following a four-month ban by paying a penalty of approximately $2 million for failing to adhere to regulations. Binance becomes the second foreign cryptocurrency exchange, following KuCoin, to resume operations in India after the country’s financial regulator prohibited … Read more
In an anticipated development, Dubai granted Binance, the globally prominent cryptocurrency trading platform, the necessary regulatory approval. The local entity of Binance, led by CEO Richard Teng, obtained its Virtual Asset Service Provider (VASP) license following Changpeng Zhao’s relinquishment of his voting rights within the exchange. According to sources who wished to remain anonymous, the … Read more