Bitcoin will become legal tender in El Salvador alongside the U.S. dollar in seven days. The Salvadoran government has released a video explaining what to expect when the Bitcoin Law enters into force. The video features the government’s fee-free crypto wallet, Chivo. Government’s Video Explaining What to Expect When Bitcoin Becomes Legal Tender The Bitcoin…
Crypto Finance, Inacta, and InCore Bank have merged to form the Swiss financial trio, and they’ve teamed up to create Tezos-regulated financial products. The three Swiss companies specialize in cryptocurrencies, and they use the Tezos blockchain to supply institutions with tokenized assets. Their main goal is to provide service and satisfaction to institutional clients. With…
The tax authority of Slovenia has put forward a proposal to change the crypto taxation rules in the country, local media reported. The amendments aim to introduce a 10% tax rate for transactions involving the spending or converting of cryptocurrencies into fiat money. Tax Office Wants to Simplify Crypto Taxation in Slovenia The Financial Administration…
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which…
There isn’t a crypto investor alive who hasn’t heard of Cardano (ADA)at this point. The network is known for being Ethereum’s number one competitor, as one of its co-founders founded Cardano after leaving the project. Cardano (ADA) preparing for a $3 retest. It has exploded in popularity in the last month. In just one month,…
Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has been involved in a hack.…
