Cryptocurrency news
Dogecoin and Ether rank in top 10 news searches on Google in 2021
Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s most searched terms in 2021 on Google. On Tuesday, Google released its traditional annual list of the top searches for the year, breaking them down into several categories, including searche...
Japan Moves to Impose New Regulations on Stablecoin Issuers: Report
Japan’s top banking regulator will introduce new legislation in 2022 that seeks to limit the issuance of stablecoins to banks and wire transfer companies, according to a report from Nikkei Asia on Monday. The regulations that will be proposed by Japan’s Finan...
This Bitcoin price metric just hit ‘oversold’ for only the 7th time in 8 years
A Bitcoin (BTC) price metric, which made BTC “look seriously cheap” at $56,000, is now in rare oversold territory. In a tweet on Dec. 6, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming from Bitcoin’s Ad...
Korean crypto investment firm Hashed reportedly under tax investigation
Crypto investment firm Hashed is currently under investigation by the National Tax Service (NTS) in South Korea according to local media. The 4th Bureau of Investigation from the Seoul Regional Tax Office, which is handling the investigation, is best known for conducting...
Virtual land in the Metaverse dominated NFT sales over past week
Digital land is in high demand in what is already a highly lucrative market as the past week’s NFT and Metaverse sales figures revealed. Data from the industry metrics platform, NonFungible, indicates that over the past week there have been more than $300 million in NFT sal...
Adidas enters the Metaverse with NFT partnerships
On Thursday, Adidas announced it was entering the Metaverse in collaboration with Bored Ape Yacht Club, gmoney NFT, and PUNKS Comic. In an article posted on the Adidas mobile app, the developers behind the initiative said the following: This autumn, Adidas, known for cel...
Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC
Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country. Juda Agung, an assistant governor of Bank Indonesia, said in the parliament that a digital rupiah would address the effect crypto...
Imprisoned Silk Road founder causes a stir with NFT drop
Ross Ulbricht, founder of defunct dark web marketplace Silk Road, has created a stir by announcing he will auction off his series of nonfungible tokens (NFT) starting Dec. 2. The imprisoned early Bitcoin adopter announced via his supporter operated Twitter account on Dec...
Ethereum privacy protocol Tornado Cash to launch on L2 Arbitrum
Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum. Tornado Cash’s smart contracts are ready to roll on thArbitrum Layer 2 scaling network following contributions from the community t...
UK digital services tax targets crypto exchanges
A recent update to Her Majesty’s Revenue and Customs (HMRC) regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom. Crypto exchanges in the UK will now have to pay a 2% digital services tax according to a...