Robinhood, Revolut eye entry into stablecoin market — Report

The CEO of Brazilian cryptocurrency firm Grupo Bitcoin Banco has claimed 25,000 Bitcoins (BTC) — a staggering $209 million as of press time — on a tax filing, while also saying his firm is unable to pay out customer funds as the result of a hack. The tax document was shared with Cointelegraph by an individual…

In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT games have an advantage over traditional gaming business models. In other news, learn about how OpenSea is implementing…

Acting SEC chairman Mark Uyeda has asked SEC staff for ways to abandon a rule change that would expand the definition of alternative trading systems to include crypto firms. A proposed rule change pushing for some crypto firms to register as exchanges could be abandoned under a new directive from the acting chairman of the

Istanbul-based telecommunication services provider Turkcell has introduced a blockchain-based service for ID management, news outlet Daily Sabah reported on Feb. 26.Turkcell reportedly announced its new blockchain product at the technology fair Mobile World Congress (MWC) 2019 on Feb. 25. The ID Management solution is designed to provide users with control over their personal information and…

Things are looking up for Bitcoin bulls after the weekend delivers some much-welcomed relief after multi-week lows. 115 Total views 3 Total shares Bitcoin (BTC) hovered near $59,000 as Nov. 21 came to a close after avoiding a retest of its recent lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC challenges $60,000Data from Cointelegraph Markets Pro…

DragonEx is introducing a new withdrawal method in an effort to save its business. 581 Total views 16 Total shares Cryptocurrency exchange DragonEx is introducing a stopgap measure to reintroduce withdrawals after some problems last month. According to an official announcement on Nov. 8, DragonEx is introducing a temporary solution to allow crypto withdrawals. The exchange…

Chinese wallets both sent and received more than $2 billion worth of crypto associated with illicit activities between April 2019 and June 2021. 194 Total views 85 Total shares A new report from Chainalysis has found that while China’s share of global criminal crypto flows has been falling since the third quarter of 2019, the…

Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting” according to Koinly’s head of tax. Koinly is one of the most widely-used crypto tax accounting firms online. Head of tax Danny Talwar told Cointelegraph…

Environmental sustainability continues to be top of mind for cryptocurrency miners after Elon Musk drew negative attention to the industry earlier this year. Cryptocurrency mining company Argo Blockchain announced Tuesday that it has reached an important milestone in its climate strategy, sending a strong signal that environmental sustainability remains one of its primary focuses. The company…