Prominent analyst believes pain is not yet over
Bitcoin (BTC) starts to rise as 2023 arrives
Bitcoin (BTC) is currently trading at $16,649, up by 0.59% in the past 24 hours, according to crypto.news data. As the new year kicked in, BTC’s market cap soared by $2 billion, to $320.4 billion. The author of “Bitcoin: Hard…
UK Offers Foreign Crypto Investors Tax Break
Reading Time: 2 minutesThe UK has expanded its Investment Manager Exemption rule to include cryptocurrencies The expansion allows foreign crypto buyers to avoid UK taxation by using British asset managers The move is the first notable step by Prime Minister Rishi Sunak to make the UK a crypto hub The UK has offered a tax […]
The Bank of Russia opposes unrestricted cryptocurrency investment
According to governor Elvira Nabiullina, the Russian central bank is prepared to consider permitting cryptocurrency use domestically, but only as part of a legal experiment. […]
Russia Considering New Power Plants as Crypto Mining Soars
Reading Time: < 1 minuteRussia is considering building new power plants in certain parts of Siberia to cope with expanding crypto mining Residents have experienced energy blackouts in particular towns as demand increases Siberia has become a hotspot for crypto mining Russia is considering building new power plants in Siberia to aid in the increase […]
Italian Parliament Approves 26% Tax On Crypto Gains In 2023 Budget
According to a new budget approved by parliament on Thursday, cryptocurrency dealers in Italy would face a 26% capital gains tax beginning in 2023. According to Reuters, Italian Prime Minister Giorgia Meloni’s 2023 expansionary budget, which was produced in haste at the end of the year, includes 21 billion euros ($22.3 billion) in tax incentives […]
Lido Finance (LDO) Now Has Highest TVL in Defi
The post Lido Finance (LDO) Now Has Highest TVL in Defi appeared first on Coinpedia Fintech News As per Nansen data in December, Ether staking solutions were in high demand as Ethereum shifted to a proof-of-stake mechanism. Lido Finance, a Liquid staking protocol, seems to be strengthened with the Ethereum merge with its total value […]
Litecoin (LTC) Tops List Of Christmas Gainers; Coinbase Will Stop Supporting Bitcoin Cash (BCH) While Snowfall Protocol’s (SNW) Presale Ending With Amazing Price Gains
Towards the end of 2022, some crypto projects unveiled their potential, while others performed poorly. The popular altcoin, Litecoin (LTC), showed decent growth during Christmas holidays, while Bitcoin Cash (BCH) dealt with unfavorable change. As Snowfall Protocol (SNW) is reaching the end of its presale, its growth remains unmatchable. Christmas Spent Well For Litecoin (LTC) Users This […]
Integrating Decentralized Cross-Chain Communication Makes Bridges ‘Substantially Safer’ — Flare Networks CEO
Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare Networks, has argued. Philion insists that the lack of such secure solutions has constrained the […]
Reddit users unveil specific hazards to unauthorized smart contracts
A Reddit crypto expert claims that in light of these developments, it is essential to continually check one’s smart contract permissions and remove access. In view of the potential concerns, the analyst encouraged the community to frequently revoke permits.