UAE exempts crypto transfers, conversion from value-added tax

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, hit the psychological barrier of $10,000 but immediately rejected. Meanwhile, the sentiment is shifting from fear towards greed as the Crypto Fear & Greed Index is now above 50 for the first time in three months.However, altcoins have been showing weakness across the board.…

Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence.

Chinese blockchain network Nervos has announced a $5 million fund to back emerging DeFi projects 2738 Total views 16 Total shares China’s Nervos Network has launched a $5 million fund to support projects building decentralized exchanges, lending platforms, and other DeFi protocols.According to a Feb. 10 announcement from Nervos, the fund will be used to…

The dYdX crypto exchange published the open-source code for its upcoming Cosmos-based network. 146 Total views 2 Total shares Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the “protocol, order book, front-end, and more,”

More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current “bear market.”Data from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in U.S. dollar terms than when their coins entered them.Profitability fails to match previous market bottomsAs…

There is no way to measure the amount of Bitcoin (BTC) that is being sent to self-custody wallets so far, according to one industry executive.Amid the ongoing FUD over lawsuits against major cryptocurrency exchanges, investors have been increasingly offloading their Bitcoin from crypto trading platforms.As of mid-June, Bitcoin’s exchange supply fell to its lowest level…

Controversy over Bitcoin Cash’s (BCH) hard fork continued Nov. 19 after Bitcoin Cash SV (BCHSV), one of the two new forks of the altcoin, suffered what is known as a blockchain reorganization.The latest setback to affect the nascent fork, the reorganization (often referred to simply as “reorg”) lasted for two blocks and was initially feared…

Princess Eugenie of the United Kingdom and United States anti-human trafficking Ambassador John Richmond recently spoke in favor of using new technology like phone apps and blockchain to address human trafficking, Reuters reports on April 8.At a conference in Vienna, Austria hosted by the Organization for Security and Co-operation in Europe (OSCE), experts noted that…

Dmitry Buterin is a self-made millionaire who fathered a billionaire who created a cryptocurrency that’s on its way to becoming a trillion-dollar asset.Suffice to say the possibility that Buterin would found three multi-million dollar businesses and retire in his 40s was beyond his wildest imaginings growing up in Grozny, Chechnya in the former Soviet Union…