Bitcoin volatility hits 20-month high, traders hedge against further slump
Bitcoin’s volatility index reached its highest level in 20 months, but traders aren’t too sure if there’s more pain ahead.
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VeChain Unveils Food Tracing Solution Foodgates at China’s Import Expo
Singapore-based blockchain application platform VeChain has unveiled a new blockchain tracking system for the food and beverage industry.In a blog post on Nov. 7, the company confirmed it was working with food certification group DNV GL and supply chain specialist ASI Group on the project, known as Foodgates.VeChain “direct beneficiary” of pro-blockchain stanceThe original announcement…

South Korea’s Finance Ministry Considers Taxing Crypto and ICOs, New Minister Reveals
South Korea's Finance Ministry is considering taxation on cryptocurrencies and Initial Coin Offerings (ICOs), daily English-language newspaper The Korea Times reports Monday, Dec. 3.Hong Nam-ki, South Korea’s new Minister of Economy and Finance as well as new Deputy Prime Minister, revealed that а crypto taxation plan will be finalized according to global taxation trends in…

Crypto Custodian BitGo Launches Staking Services for Dash, Algorand
Digital asset financial services firm BitGo has launched a new staking service for the clients who store their assets with its qualified custodian subsidiary BitGo Trust.A press release published on Oct. 3 revealed that the new service will initially launch with altcoins Dash (DASH) and Algorand (ALGO), with more assets to be supported in the…

Russian opposition leader Navalny immortalized in NFT artwork
The animation is inspired by the politician's recent arrest and “Putin's Palace” documentary on alleged corruption. 2653 Total views 15 Total shares Russian political opposition leader Alexey Navalny is the latest subject to be tackled by the burgeoning non-fungible token art world. An animation inspired by the recently-arrested Kremlin critic was minted into an NFT…

Bitcoin miner Poolin immortalizes El Salvador’s BTC adoption on the blockchain
El Salvador accepting Bitcoin as legal tender is now forever etched on the blockchain as mining pool Poolin adds a newspaper headline to block 686,938. 2649 Total views 3 Total shares As is par for the course for Bitcoin (BTC), El Salvador becoming the first nation-state to adopt the cryptocurrency as legal tender is now…

Maine state treasurer to focus on handling abandoned cryptocurrency accounts
According to official data available publicly, the state of Maine currently holds over $328 million in unclaimed property. 136 Total views 1 Total shares A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets.The program evaluation report of Maine uncovered

Russian Crypto Bill Draft Pushed Back to First Reading for Significant Edits
Russia’s cryptocurrency legislation, the draft bill “On Digital Financial Assets,” has been sent back to the first reading stage for significant changes, Russian daily newspaper Kommersant reported Nov. 30.According to Kommersant, the head of the council and chairman of the State Duma committee on state building Pavel Krasheninnikov said that the document has no relation…

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar. 1154 Total views 7 Total shares Own this piece of history Collect this article as an NFTUSD Coin (USDC) issuer Circle plans to use "corporate resources"…