Key Takeaways: ‘Crypto-friendly’ Portugal is against imposing taxes on cryptocurrency. The country will soon create a model of its own. Earlier in May, Portugal was gearing up to impose taxes on crypto earnings and payments. It was even confirmed by…
Key Takeaways: The SEC Commissioner is worried that the regulator is not showing sufficient support for innovation in the crypto industry. She also expresses concern regarding the rising frauds within the ecosystem. The meltdown of the crypto market is continuing…
Key Takeaways: Uniswap protocol achieves another milestone. The updated version of the De-Fi exchange will soon be available on two new blockchain networks. The decentralized crypto trading protocol, Uniswap of Uniswap Labs has today crossed the $1 trillion mark in…
Key Takeaways: Bithumb and Upbit have designated Litecoin as an investment warning item. The exchanges promote transparency, whereas, the Mimble Wimble upgrade states otherwise. The downfall of Luna has raised an alarm in South Korean crypto exchanges. After the Luna…
Key Takeaways: LFG foundation may soon not be able to withdraw funds from crypto exchanges. Investors have lost confidence in Luna and have filed reports against Do Kwon. Since Luna’s downfall, Terraform Labs and Luna Foundation Guard have been facing…
Key Takeaways: Terraform Labs have been charged with tax evasion and has been fined $78 million. More taxes and penalties might be imposed on the firm. The crypto space got shook to its core when LUNA followed a downward trend…
Key Takeaways: FTX will soon launch its stock trading services on its trading application. The services will be offered with zero commission and the requirement for a minimum balance has been eliminated. The LUNA debacle caused a commotion in several…
Key Takeaways: The founder of Terra plans to relaunch the network in a new form. The plan is the last shot of the network towards survival. Update: The Terra team’s continuous effort to revive the Terra ecosystem has finally got…
Key Takeaways: South Korea to implement the “Digital Asset Basic Act” in 2024 after the Luna fiasco. The country also has other plans to strengthen policies and adopt strategies to protect the crypto market there. The whole crypto space is…
This Week in Markets This week the crypto space started witnessing wild fluctuations soon after the stablecoin, UST, lost its peg, leading LUNA into a ‘death spiral.’ The market is going through a massive collapse for the first time in…
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