cryptocurrency Archives

In the world of digital innovation and decentralized technology, India has emerged as a key player in promoting the growth of decentralized finance (DeFi) services. As of 2022, the DeFi market had already reached a significant size of $13.61 billion, according to the DeFi Technology Adoption Index. India has made remarkable strides in this sector, […]

Venezuela has officially terminated its Petro cryptocurrency after a tumultuous five-year period. Launched in 2018 by President Nicolas Maduro, the Petro was intended to bolster Venezuela’s national currency, the bolívar, amidst a severe economic crisis. The cryptocurrency was backed by the country’s substantial oil reserves. From the outset, the Petro faced skepticism and legal challenges. […]

Elevating Hong Kong to a Crypto Powerhouse HashKey Group, operating one of the two licensed cryptocurrency exchanges in Hong Kong, has recently made headlines with a significant funding achievement. Successfully raising nearly $100 million, they have remarkably increased their company’s valuation to over $1.2 billion. Today’s announcement highlights the crucial role of both new and […]

Gulf Binance, a collaborative effort between the global cryptocurrency exchange Binance and Thailand’s Gulf Innova, has officially inaugurated its exchange services within Thailand. On January 16, Binance TH declared that its exchange is now accessible to all eligible users, featuring a dedicated order book for trading pairs involving the Thai baht. Furthermore, the platform seamlessly […]

In a startling revelation, the cryptocurrency tracing firm Chainalysis has uncovered a worrying trend in the illicit trade of child sexual abuse materials (CSAM). The sellers of these materials are increasingly employing advanced methods like “mixers” and “privacy coins” such as Monero, complicating efforts by law enforcement agencies to track and apprehend them. The […]

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 […]

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 […]

In a significant development for India’s cryptocurrency market, CoinDCX, a leading crypto exchange, reported a staggering 2000% increase in customer deposits. This surge followed the Indian finance ministry’s action on December 28, when it issued show cause notices to nine major offshore exchanges, including Binance. The offshore exchanges, including names like Binance, Kucoin, Huobi, Kraken, […]

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Source: spaxiax/Adobe South Korean police have apprehended an individual suspected of engaging in fraudulent activity through an over-the-counter (OTC) crypto exchange. Authorities in the town of Icheon, Gyeonggi Province, disclosed that they had arrested a man in his 20s on charges related to theft. The suspect allegedly deceived a victim into thinking they were engaging […]

The Central Bank of Nigeria has clarified that accounts opened for virtual and digital asset transactions won’t permit cash withdrawals. The apex bank further explained that withdrawals from these accounts will exclusively occur through transfers or manager’s cheques. These accounts, as per the bank’s new guidelines, are solely designated for virtual/digital asset transactions and not […]

Tag: cryptocurrency

Bharat Web3: Leading India’s Financial Decentralization Revolution

The Rise and Fall of Venezuela’s Petro Cryptocurrency

HashKey Group, Hong Kong’s Licensed Crypto Exchange, Secures $100M Funding Boosting Valuation to $1.2 Billion

Binance and Gulf Energy collaborate to introduce cryptocurrency exchange services in Thailand

The Alarming Trend of Crypto in Concealing Child Abuse Crimes

Turkey Nears Completion of Comprehensive Crypto Regulation Framework

New IRS Crypto Reporting Law: $10,000 Threshold

CoinDCX Sees 2000% Surge in Deposits Amid India’s Crypto Exchange Shakeup

South Korean police detain a suspected OTC crypto thief.

CBN prohibits cash withdrawal by operators of crypto bank accounts.

Russian gov’t approves new crypto taxation framework

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

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

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.