In a major step, the Eastern European country of Belarus has decided that it will let investment funds seek exposure to digital assets. Belarus’ Ministry of Finance for public consultations has published amendments that seek to lure some investment funds. The department said that despite it having the necessary regulatory framework for collective investments, not
Earlier on Wednesday, February 2, DeFi bridge protocol Warmhole announced that the platform was hacked as hackers managed to steal a staggering 120 wETH worth $320 million. Warmhole is a DeFi blockchain bridge between Ethereum and Solana allowing users to swap SOL for other cryptocurrencies. However, the firm’s leaders have said that they have restored
Crypto Stakers and miners could finally breathe a major sigh of relief as the IRS has decided not to tax unrealized gains derived from crypto staking or mining digital assets. This has been a major relief as many crypto proponents have been voicing their opinion against these proposed taxes over the last few months. Blockworks’
Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender. Bukele, in a Twitter post on Monday, predicted that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital […]
Bitcoin's price correlates with the current inflation rates and not specifically with the crypto mainstream adoption, Goldman Sachs' strategists argued.
Just two days after Twitter unveiled the feature to add NFTs to one’s profile picture, another social media giant Reddit is reportedly making a similar move. As per the report, Reddit is testing a feature that allows its users to set any NFT as their own profile picture. Note that this is different from its
