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GokuMarket: The next big thing in the crypto sphere

Founded in November of 2019, GokuMarket is a European-licensed exchange site plans to deliver on its claims by offering advanced trading categories, the ability to stake assets, trading bots and more. Moreover, GokuMarket is more than just an exchange site as it also offers an e-commerce platform that uses cryptocurrencies as well as a wide […]

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India to launch Digital Rupee and set a tax on crypto by 2022-23

India’s Finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) for the fiscal year 2022 to 2023. This will pave the way for the Indian government to impose a crypto tax and boost India’s digital economy. During her speech for 2022’s Union Budget, Sitharaman pointed out the need for digital

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Intel to reveal a Bitcoin mining ASIC named Bonanza Mine

Intel, one of the biggest chip makers in the world, will reveal a new crypto-mining chip called Bonanza Mine this February 2022. The ‘Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC’ will be unveiled at the Institute of Electrical and Electronics Engineers (IEEE) International Solid-State Circuits Conference (ISSCC). Bonanza Mine claims to finish calculations as effectively as other

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Monetary Authority of Singapore limits crypto ads from the public

Monetary Authority of Singapore (MAS), the country’s central bank, issued a set of guidelines on January 17, 2022 aiming to discourage the general public from participating in cryptocurrency trading. The said guidelines advise cryptocurrency service providers to stop marketing their digital payment token (DPT) services to the general public of Singapore.  Although the MAS’ assistant

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Crypto.com halts withdrawals after a reported suspicious activity

Crypto exchange platform Crypto.com temporarily suspends withdrawals for 14 hours after several users reported unauthorized activity in their accounts on January 17. Billy Markus, the founder of Dogecoin, initiated the company to shut down transactions after sensing a suspicious pattern on Etherscan.  ‘We have a small number of users reporting suspicious activity on their accounts.

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Pakistan to investigate Binance for an alleged $100 million scam

Pakistani officials have announced last January 6, 2022, via press release on Twitter that they will be conducting an investigation with Binance after a suspected scam worth around $100 million. This comes after several complaints surfaced from Binance users in the country, saying that the platform asked them to transfer their funds into unknown third-party

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Kazakhstan crypto mining stabilises, government claims

Bitcoin mining operations in Kazakhstan halted Thursday, January 6 due to internet and telecommunication shutdowns amidst intensifying political unrest. However, the administration of incumbent President Jomart Tokayev claimed that everything is now under control. The second-largest Bitcoin hub in the world took a hit after anti-government protests took a sour turn during the first week

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TaxBit allows US crypto users to file crypto taxes hassle-free

TaxBit, a US-based crypto tax firm, announced its plans of democratising the process in which users can file crypto tax form hassle-free. In the company’s press release dated January 11, 2022, it announced that the form, along with tax tools, will be available to users of platforms supported by the TaxBit ecosystem.  The initial launch

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