Year’s biggest rally pushes crypto market cap above $2 trillion
After a poor start to the year, the market needed some good news. Industry watchers urge caution.
After a poor start to the year, the market needed some good news. Industry watchers urge caution.
The Reserve Bank of India’s (RBI) digital rupee will run on a government-mandated electronic wallet that will allow the central bank to be the middleman between merchants and customers, a top government official told the Press Trust of India. Fast facts The government official said the nation’s central bank digital currency (CBDC) is likely to…
North Korea has been funding its nuclear and ballistic missile programs with profits from cyberattacks on crypto exchanges, Reuters reported, citing a confidential United Nations (U.N.) report. Fast facts “According to a member state, DPRK cyberactors stole more than US$50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe…
A prominent Russian lawmaker has proposed a personal income tax rate of at least 15% for crypto miners, according to local media reports, as the country continues to debate regulations for the industry. Fast facts Vladimir Gutenev, who chairs an industry committee at the Duma, parliament’s lower house, said at a Friday briefing that mining…
Unique non-fungible token (NFT) buyers hit an all-time high (ATH) in January with more than 895,000 shoppers, according to data tracker CryptoSlam. Fast facts The new ATH recorded an almost 3,000% year-over-year increase and a 6.5% month-over-month growth. The number of unique sellers grew by almost 14% from December to January with 741,865 vendors, just…
Charitable donations on crypto philanthropy platform The Giving Block rose by 1,558% in 2021, the company announced in its annual report. Fast facts The Giving Block’s crypto donation volume increased in each quarter of 2021 and surpassed US$69 million in total donations, with an average of US$10,455 worth of crypto per donation. As cryptocurrency is…
Over 54,000 crypto investors have signed a petition urging the Indian government to reconsider a planned 30% tax rate announced earlier this week. Fast facts Blockchain and crypto education provider Crypto India co-founder Aditya Singh started the petition on Thursday to stop the government from comparing crypto to “social evils like betting and gambling.” The…
While sales volumes on NFT marketplaces thrive, new data show much of this comes from manipulating sales — painting the whole industry in a different light.
The beloved Pinkfong Baby Shark franchise is getting its own blockchain-based play-to-earn (P2E) game, set for a worldwide release in the first half of this year, South Korean developer CityLabs announced on Thursday. Fast facts The Baby Shark Bubble Pong Friends game has been teased as a bubble-shooter puzzle game where players transact in cryptocurrencies…
The two most popular NFT-related crimes, money laundering and wash trading, resulted in illicit profits of US$10 million in 2021, according to a report released Wednesday by blockchain forensics firm Chainalysis. Fast facts While the US$10 million of global NFT criminal activity is relatively small, Chainalysis reported a spike in the use of illicit funds…