CoinTracker Announces Cryptocurrency Tax Payment Program in India
The creation of a company to control compliance with the requirements and taxation standards was carried out in India due to the adoption in the state of a number of regulations that were aimed at profitability from the use of digital assets. Market participants use CoinTracker to create and approve work with coins and NFTs on different platforms and wallets.
Robinhood plans to compete with MetaMask
Robinhood has announced plans to introduce a standalone DeFi hot wallet. With its help, participants can implement transactions with digital currencies, as well as with non-fungible tokens. This version will be a standalone tool linked to the Robinhood marketplace and will have features similar to other hot wallets. Take MetaMask as an example.
The vector of development of the cryptocurrency industry in 2021
Global regulators have developed a great interest in what is happening in the cryptocurrency market. This year will not please all specialists who carry out activities related to digital currency. Legal regulation will be tightened around the world, and in the future, restrictions will only increase.
Ethereum hashrate historical maximum update
The Ethereum network has updated its maximum overall performance. Thus, the mark of 250 TH / S was exceeded. This information is provided by Glassnode. The site presents a graph showing that the closest indicators to todays levels were last observed in 2018. In August of that year, the value of the cryptocurrency was over $ 400.
G7 countries demand to adjust digital assets to banking standards
The G7 countries want to significantly increase control over cryptocurrency assets in the international arena and approve more regulatory requirements. This should eliminate financial stability risks. At the same time, the representatives recalled that they are still dealing with problems in the Terra system, and also that it is necessary to quickly create regulation for issuers.
Cryptocurrency turnover in Turkey is banned
Turkey has officially begun to suppress any attempts to turnover cryptocurrencies in the country. Representatives of the Central Bank of the state explained that such restrictions will be in effect until it becomes possible to control this industry, keep records of all funds.
Hotbit crypto exchange was hacked - clients personal data at risk
At the end of April, the Hotbit exchange suffered from a hacker attack, but, nevertheless, its management said that the personal data of customers had not been leaked. Immediately after the incident, the exchange suspended all functionality in order to check how far the hackers could go. Tentatively, the platform will resume its activities in full in 1-2 weeks, when it is sure that everything is in order and nothing threatens the system.
China actively uses the official digital currency
CBDC is Chinas new digital money, actively tested by the Peoples Bank. Pilot projects were launched in which 1.1 billion yuan are involved. The Deputy Head of the NBK noted that more than three million transactions were processed as a result of testing. Also, officials confirmed that in the near future a pilot project will be launched in the largest megacities in China. The NBK plans to introduce digital currency at the Winter Olympics, which will be held in 2022 in the capital.