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Miami and New York City coins tank despite Mayoral endorsements

Miami and New York City coins tank despite Mayoral endorsements

by admin | May 17, 2022 | Bitcoin News

Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs.According to data from CoinGecko, the price of MIA has dropped 92% since its ATH of $0.055 on Sept....
Stablecoin supplies and cash reserves in question amid crypto exodus

Stablecoin supplies and cash reserves in question amid crypto exodus

by admin | May 17, 2022 | Bitcoin News

Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion.The amount withdrawn from the top stablecoin is nearly double the $4.1...
Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser

Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser

by admin | May 17, 2022 | Bitcoin News

America’s largest crypto exchange Coinbase has rolled out Web3 app functionality including a hot wallet and browser for a limited set of its mobile app users.The app will allow select users to access decentralized apps (Dapps) on the Ethereum (ETH) network such as...
Portugal to lose crypto tax haven status as state announces gains duties

Portugal to lose crypto tax haven status as state announces gains duties

by admin | May 17, 2022 | Bitcoin News

To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.The move to start taxing crypto was seconded by Secretary of State for Tax Affairs...
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

by admin | May 16, 2022 | Bitcoin News

The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency.According to a Friday opinion filing in U.S. District Court for the District of Columbia, the unnamed...
BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

by admin | May 16, 2022 | Bitcoin News

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses...
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