Coinroot

In a significant move towards providing clarity and regulation in the cryptocurrency space, the Turkish government is on the verge of finalizing a comprehensive framework for crypto assets and trading platforms. The impending regulations, outlined by Turkey’s Minister of Treasury and Finance, Mehmet Şimşek, aim to establish legal definitions for key crypto concepts, introduce licensing […]

Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated the central bank’s unwavering stance against cryptocurrencies, even as the US Securities and Exchange Commission approved changes allowing the creation of a bitcoin exchange-traded fund (ETF) in the United States. Das emphasized that the RBI would not follow the path of other countries when it comes […]

A new era in cryptocurrency taxation has dawned in the United States. Following the Infrastructure Investment and Jobs Act, signed into law by President Joe Biden in November 2021, the Internal Revenue Service (IRS) has implemented a stringent reporting requirement for crypto transactions. This rule, effective from January 1, 2024, mandates that any receipt of […]

X has confirmed that the official U.S. Securities and Exchange Commission (SEC) account was breached when it posted the false announcement of the spot Bitcoin ETF approval. SEC Account Lacked 2FA Protection Following a preliminary inquiry, X has verified that the breach did not result from any weaknesses within their systems. Instead, an unidentified person […]

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In a move that could significantly impact the cryptocurrency landscape in India, the Financial Intelligence Unit (FIU) of the finance ministry has intensified its regulatory scrutiny. On December 28, the FIU issued directives to major global exchanges like Binance, KuCoin, and seven others, emphasizing the necessity for these entities to register as ‘reporting entities’ in […]

In a surprising and selective response to the Financial Intelligence Unit’s (FIU) recent crackdown on cryptocurrency exchanges, major players like Binance, Kucoin, and OKX have been removed from the Apple iOS Store, while remaining accessible on the Google Play Store. This partial delisting follows the FIU’s directive that these and other global exchanges were operating […]

In a dramatic turn of events that left the cryptocurrency world in shock, the price of Bitcoin experienced a rapid surge and subsequent fall after the U.S. Securities and Exchange Commission (SEC) announced an unauthorized approval of a Bitcoin exchange-traded fund (ETF) on the social platform X, formerly known as Twitter. The events of the […]

In a thrilling turn of events, Bitcoin (BTC) surged past $47,000 on Monday, marking a significant milestone not seen since April 2022. The cryptocurrency market is abuzz with anticipation as the U.S. Securities and Exchange Commission (SEC) is expected to make a historic decision on the approval of spot-based Bitcoin exchange-traded funds (ETFs) in the […]

TL;DR In December 2023, crypto losses totalled $103.88M across 32 attacks, a 59% decrease compared to the previous month. The 2023 yearly loss amounted to $1.77B from over 440 hacking incidents, showcasing the prevalent vulnerability in the crypto space. Rug pulls and smart contract vulnerabilities contributed to being the prime contributors, constituting 21%, and code […]

Blockchain technology, a revolutionary digital ledger system, has witnessed exponential growth since its inception. Initially conceptualized to support cryptocurrencies like Bitcoin, it has evolved into a foundational technology influencing various industries. The global blockchain market, valued at $11.14 billion in 2022, is projected to reach an astounding $469.49 billion by 2030. This growth trajectory is […]

Turkey Nears Completion of Comprehensive Crypto Regulation Framework

RBI Governor Reaffirms Position on Cryptocurrency as US Approves Bitcoin ETF

New IRS Crypto Reporting Law: $10,000 Threshold

X confirms the US SEC’s official account was hacked without any insider errors

FIU’s Stance on Crypto Exchanges: A Tough Road Ahead for India’s Crypto Market

Crypto Shake-Up: Apple iOS Drops Top Exchanges, Google Play Unfazed

Unauthorized SEC Announcement Sends Bitcoin on a Rollercoaster Ride

Bitcoins Blasts Past $47K with ETF Excitement

December Month Hacks Adds To 2023’s $1.77B Crypto Loss

Wakaru: Navigating the Future of Blockchain Innovation

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

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Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.