New Zealand introduces OECD crypto reporting framework on new tax bill
Crypto service providers who fail to take “reasonable care” to comply with the requirements could be fined between 20,000 and 100,000 New Zealand dollars ($12,000 and $62,000).
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‘China’s crypto ban had little impact on Neo,’ says organization’s developers
It's had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers. 452 Total views 20 Total shares Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series…

What are open-source protocols, and how do they work?
Understanding open-source protocols Open-source protocols have become a mainstay in the tech world and are gaining traction due to the myriad benefits that they offer over their proprietary counterparts.The protocols are typically created with the intention of being used by the public, enabling anyone to examine, alter and share their code. The benefits of open-source

Regulators and industry leaders react to Biden‘s executive order on crypto
"The proverbial doors of policymakers are wide open, this is now a national conversation in the U.S.," said Circle CEO Jeremy Allaire. 1194 Total views 23 Total shares Joe Biden has signed his 82nd executive order since being sworn into office in January 2021, directly addressing a regulatory framework for digital assets in a rare…

Robinhood files SEC paperwork for public offering
The popular trading app has submitted a draft registration statement on Form S-1 with the SEC. 3105 Total views 17 Total shares Robinhood Markets Inc., a popular trading app that recently expanded its cryptocurrency business, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to go public.The company confirmed Tuesday that…

Bitcoin ‘plankton’ wallets hit record — plus 4 more bullish BTC charts
More and more people are buying Bitcoin (BTC) since the 2020 coronavirus crash — and it doesn’t matter how rich they are, data shows.Part of a series of bullish charts circulating this week, statistician Willy Woo highlighted the growth in both high and low-value wallets.Woo: BTC whales putting money where their mouth isAccording to the…

Last Time This Happened BTC Gained $4k
The last time this much Bitcoin was withdrawn from exchanges, the price rose 88%. If this pattern repeats, we would see Bitcoin go to $18,000 by the end of August. 3089 Total views 58 Total shares June 8, 27,000 more Bitcoins (BTC) were withdrawn from the exchanges than deposited, the last time there was such…

Crypto Community Slams Binance Smart Chain Over Centralization
The ‘Binance Smart Chain’ whitepaper has attracted criticism from the crypto community, drawing predictions that the chain will be prone to centralization. 387 Total views 21 Total shares Many crypto analysts have criticized the whitepaper for Binance’s forthcoming ‘Smart Chain’, which was published on April 17.Smart Chain will be Binance’s second smart contract-enabled chain after…

Totality Corp CEO explains why India is still largely untapped for NFTs
Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs).In an interview with Cointelegraph, Totality Corp Founder and CEO Anshul Rustaggi explained that social and cultural barriers, as well as anti-crypto regulations, are holding back NFTs from mass adoption…