Author Archives: CryptoCoinstart News Report

OpenSea has recently announced the launch of OpenSea Pro, its new NFT marketplace aggregator catering to the needs of professional users. The platform is aimed at providing a new level of optionality, selection, and control for professional collectors, offering a suite of improved features that enable collectors to discover the best deals and insights across[Read more…]

Marathon Digital, a leading Bitcoin mining firm, has announced a new quarterly production record of 2,195 Bitcoin mined in Q1 2023. This new record puts Marathon Digital on track to achieve its mid-year target of 23 exahashes. At the time of writing, the total value of the mined Bitcoin amounts to around $62 million. This[Read more…]

Masa announces soulbound ID tokens for Coinbase’s Base Network Masa Finance has announced that its soulbound tokens will be soon available on Coinbase’s Base network. The tokens allow users to link identifying and reputational characteristics to their wallet addresses, enabling credit underwriting on the blockchain. The announcement was made on April 4 by Masa Finance.[Read more…]

Regulators from multiple US states have jointly filed enforcement actions against YieldTrust.ai, a cryptocurrency trading platform, alleging that it is “perpetrating a Ponzi scheme”. YieldTrust.ai, along with its Romanian owner, Stefan Ciopraga, is accused of making false claims that the decentralized application (DApp) called “YieldBot” is “powered by cutting-edge artificial intelligence” and can execute 70[Read more…]

Former Coinbase Product Manager Reaches “Agreement in Principle” with SEC over Insider Trading Charges The U.S. Securities and Exchange Commission (SEC) is progressing towards resolving the case against a former product manager at Coinbase Global, who has been accused of insider trading. Ishan Wahi and his brother Nikhil Wahi, along with associate Sameer Ramani, are[Read more…]

Crypto companies are facing difficulties accessing banking services in the United Kingdom, according to multiple sources interviewed by Bloomberg. The few banks still working with crypto firms are requesting more documentation and information about how they monitor clients’ transactions. Challenges for crypto companies range from having applications rejected, accounts frozen, to being overwhelmed with paperwork.[Read more…]

Polkadot, a self-described “layer 0 blockchain,” has recently filed a trademark registration for what appears to be a blockchain-based messaging application. The trademark filing mentions social networking software, and the phrase “Polkadot Converse” has been trademarked. Additional information on the app has been added in the “good and services” section of the filing. Polkadot’s Trademark[Read more…]

Bitcoin’s Huge Surge Pushes Crypto Market Cap to $1.19T, the Highest Since June Bitcoin’s Massive Rally Pushes Crypto Market Cap to $1.19 Trillion Introduction Bitcoin’s massive rally has helped push the overall market capitalization for all cryptocurrencies to the highest level since June. Despite the industry facing one of the strongest regulatory crackdowns in its[Read more…]

The Netherlands’ Cryptocurrency Tax System – Kryptoskatt The Netherlands has a unique approach to the taxation of cryptocurrencies. Unlike most countries where the disposal of crypto assets is considered a taxable event, the Netherlands has an inclusive tax rule that mandates taxation of your crypto assets even if you don’t dispose of them within a[Read more…]

According to reports, the Seoul Southern District Prosecutor’s Office in South Korea has seized assets worth $160 million from eight individuals connected to the collapse of Terraform Labs, including co-founder Daniel Shin. The authorities reportedly took control of various properties owned by former Terra employees, mainly in the form of real estate, in an attempt[Read more…]