Author: e_cash_top

[ad_1] The National Tax Service (NTS) of Korea opened a “special tax investigation” into the affairs of Bithumb Holdings and its subsidiary companies, according to Korean news outlet Yonhap News. Tax authorities are scrutinizing all group company’s domestic and international transactions to uncover possible tax evasion and money laundering. Former Bithumb Holdings Chair Lee Jung-Hoon…

[ad_1] The Central Bank of Nigeria (CBN) said it would develop a regulatory framework to recognize stablecoins and initial coin offerings as an investment class. The central bank said in its “Payment System Vision 2025” report that private stablecoins have evolved to become a successful payment mechanism in the country, hence the need to regulate…

[ad_1] Gemini co-founder Cameron Winklevoss has called on shareholders of Digital Currency Group (DCG) to remove Barry Silbert as CEO for allegedly defrauding Gemini earn users. Cameron in an open letter tweeted on Jan 10, alleged that Genesis Global and its parent company DCG under the leadership of Barry Silbert conspired to defraud about 340,000…

[ad_1] The cryptocurrency market cap saw net outflows of $0.7 billion over the last 24 hours and currently stands at $852.11 billion — down 0.08% from $852.81 billion. Bitcoin’s market cap decreased 0.7% to $332.23 billion from $332.25 billion, while Ethereum’s market cap grew 0.6% to $162.6 billion from $161.43 billion over the reporting period.…

[ad_1] Curve 3pool’s liquidity currently stands at roughly $600 million, down approximately 90% from $5.5 billion recorded at the start of January 2022, according to Kaiko data. Curve’s 3pool dashboard shows that USDT accounted for 32.6% of the reserve while USDC accounted for 35.37%, and DAI made up 32.02%, as of press time. 3pool is…

[ad_1] New York-based firm Pomerantz LLP has initiated an investigation against Core Scientific over concerns that its executives were involved in securities fraud and activities that affected its stock price negatively. The securities class action firm said it was investigating the claims made by Culper Research in its 2022 report on behalf of investors of…

[ad_1] BlockFi said publicly that it will file a financial breakdown soon following progress in its Jan. 9 bankruptcy hearing. In a blog post on its website, BlockFi said that it plans to file reports regarding its assets and liabilities and broader financial status on Wednesday, Jan. 11. Specifically, those filings will include the company’s…

[ad_1] The year 2022 marked the start of a new crypto winter, with major crypto companies collapsing and digital currency prices plummeting, including Bitcoin. In addition, interest rate increases and general economic negativity are causing investors to worry. The fundamentals of Bitcoin remain strong despite all of these. Let’s take a look at some of…

[ad_1] Over the past decade, private cryptocurrencies have emerged as the latest iteration of money. This is especially true for stablecoins, which Harvard Business Review deemed “a private form of money,” offering an efficient alternative to state-sanctioned fiat. While a common industry narrative seeks to portray cryptocurrencies as separate from the legacy system, a degree…

[ad_1] The biggest news in the cryptoverse for Jan. 9 saw Voyager strike back against objections to Binance.US’ attempted buyout of its assets. Meanwhile, a Forbes report has drawn attention to Binance’s high outflows, and $1.57 million of funds linked to a 2022 Nomad exploit have moved over Tornado Cash. Plus, new research on two…