UAE exempts crypto transfers, conversion from value-added tax

The value of Ethereum (ETH) stolen via scams reached $36 million 2018, according to a report released by crypto analytics company Chainalysis on Jan. 23.According to the Chainalysis report, scams that occurred last year were reportedly more sophisticated, bigger and vastly more lucrative. Chainalysis also reports that Ethereum has “long been known as the cryptocurrency…

JP Morgan says that El Salvador's decision to adopt Bitcoin as legal tender is of little economic benefit. 1142 Total views 2 Total shares JPMorgan is the latest source to respond to El Salvador’s decision to adopt Bitcoin (BTC) as legal currency within the country.In a client note tweeted by @DocumentingBTC, the United States banking…

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Мarket data is provided by the HitBTC exchange.During a meeting with the president of Argentina, American venture capital…

The South Korean central bank is on track with its CBDC pilot program, but still insists it has no current plans to launch. 899 Total views 10 Total shares The South Korean central bank announced on Oct. 7 that it will begin the distribution phase of its central bank digital currency, or CBDC, pilot scheme…

The protocol chose Cosmos as the best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second. 129 Total views 21 Total shares On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum layer 2, announced that it would be moving to a…

Disappointing financial results have seen Tinder lay off its current CEO, slash funding to metaverse development, and ditch plans for its virtual currency Tinder Coins. 148 Total views 35 Total shares Match Group, the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings…

The token now grapples with a notorious multi-month resistance trendline. 1743 Total views 5 Total shares Internet Computer (ICP) has entered 2022 with a bang.The ICP price rose by over 56% in the first five days of the new year, reaching a 30-day high of $38 on Jan. 5. Its massive upside move accompanied a…

The National Unity Government is considering using the country’s frozen reserves as a backing for the digital currency. 550 Total views 29 Total shares Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voiced its own intention to…