Bitpanda cryptocurrency exchange scores registration in Spain

Bitpanda, an Austrian cryptocurrency exchange that was valued at $4.1 billion last summer, has received registration as a digital currency exchange and digital asset custody service provider in Spain.  The company’s name appeared in the Bank of Spain’s registry for crypto enterprises on Thursday. The registry itself opened in October 2021. At the moment, it includes 15 companies. Speaking to Cointelegraph, Bitpanda’s representative specified that the company has been de-facto operating in the country since 2014.  Spain marks the sixth European country in which the Vienna-based company has obtained a…

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Cryptocurrency Down Trend Continues As Crypto Market Cap Falls Below $1 Trillion

The crypto market’s woes continue to grow stronger and more oppressive, as the industry’s almost $3 trillion market cap has fallen to under $1 trillion. With the downtrend picking up more steam, bitcoin, ethereum and other altcoins are struggling to maintain themselves. In November of last year, the entire crypto market was at a market cap high of $2.8 trillion. However, in just six months, this value has plummeted. According to Coinmarketcap, the total cryptocurrency market caps now rests at $959 billion, while Coingecko charts show that the total market cap is just…

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Social Media’s Role in Cryptocurrency Scams

The influence of social media and crypto has given rise to a new form of scamming and fraud known as cryptocurrency scams, which have increased in number and severity over the past few years. According to a recent report, nearly $1 billion was lost through cryptocurrency scams in 2021, with an estimated 9 in 10 victims falling prey to fraudsters on Facebook, Twitter, and Instagram. With cryptocurrencies headed for mainstream adoption and regulations toward the system unclear, those who lose finances as the result of cryptocurrency scams are hoping to…

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Crypto Thief Who Stole $3 Million Worth of Cryptocurrency Arrested

Cryptocurrency scams and thefts have been a frequent occurrence in recent times. In another case of cryptocurrency theft, a man, Zhang Tianzhe, who recently stole crypto assets worth $3 million in a robbery attempt, has been arrested. Zhang Tianzhe broke into a woman’s home in California, tied her up with duct tape, and threatened her to transfer millions from her account to his. In the robbery, the 31-year-old Zhang reportedly wore ski goggles, gloves, and a hood during the burglary. The woman was threatened, and instructions were passed to her…

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Cryptocurrency Becomes a Point of Focus in Nigeria’s Elections

Interesting times have arrived in Nigeria, as cryptocurrency is now a focal point in the campaigns of the Nigerian national elections. Candidates are moving towards embracing cryptocurrency as a staple of the financial world of Nigeria, and are advocating for global adoption of crypto. A presidential hopeful in Nigeria, Abubakar Saraki, has lent his voice in support of the cryptocurrency industry. Saraki claims that cryptocurrency has created a lot of opportunities for youth in the country, which has the highest population in Africa. He is, however, of the opinion that…

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Hodler’s guide to travel: Which platforms accept cryptocurrency?

The global economy is becoming increasingly digital, and it’s no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (BTC) and other digital currencies as payment, with some even providing discounts to customers who pay in cryptocurrency. Here is a list of popular travel booking platforms that take BTC, as well as embrace blockchain technology. 1INCH Network to bring crypto payments to the travel industry The decentralized exchange aggregator 1inch Network on Thursday announced a partnership with…

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Brazil’s Citizens Will Pay Tax on Cryptocurrency Related Revenue.

Citizens of Brazil are now required to pay tax on any cryptocurrency-related activities and revenue, as announced by the Federal Revenue of Brazil (RFB). This new law means that every cryptocurrency-related activity like NFT flipping, remittance, and trading activities are taxable, with some exceptions. However, the enforcement is a bit confusing and surprising to see as, currently,  no cryptocurrency exchange supports the Brazilian Real, which is the national currency of Brazil. In a memo published in the Diario Oficial da Uniao, which is the official journal of the Federal Revenue…

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Mastercard Aims to Expand More Into Cryptocurrency Despite Recent Market Meltdown

The cryptocurrency market has taken a downturn in recent weeks. Bitcoin, the bellwether for the crypto market, hit a 52-week low last week, a slump not seen since December 2020, and with it, the rest of the altcoins. Mastercard was not deterred from expanding more into the cryptocurrency space, despite the recent market volatility linked to several factors. Regardless of this current crypto crisis, enterprising executives and investors are optimistic about the cryptocurrency industry’s long-term potential. Mastercard has capitalized on this market condition by making strategic partnerships with crypto platforms…

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An Island for Cryptocurrency and DeFi Talent is Set to Open in the Central African Republic 

The CV-19 lockdown situation has brought about a global shift in how work is completed. With countries forced to go on lockdown for months, there was, unfortunately, a need to lay off workers in key industries. However, many tech companies decided to introduce the concept of a WFH (Work from Home) policy to retain talent. Some sectors suffered economically during the pandemic. For certain sectors, like the cryptocurrency industry, the global cryptocurrency market size was USD 826.6 million in 2020 and fluctuated greatly.  One of the key effects of CV-19,…

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One in ten households in eurozone population centers now own cryptocurrency

On Tuesday, the European Central Bank, or ECB, published the results of a new survey conducted in six eurozone areas; the Netherlands, Spain, Italy, Belgium, France, and Germany. Together, approximately 10% of respondents from the surveyed countries said they own cryptocurrencies. Out of this group, only 6% of respondents said they own digital assets worth more than 30,000 euros. Meanwhile, 37% of respondents said they owned up to 999 euros in crypto. Across all of the countries surveyed, investors in the fifth income quintile (or the wealthiest 20% of the…

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