Iranian President has urged for a new standard in digital currency regulation following recent steps of the government in pursue to control the crypto sector. President Hassan Rouhani said that Iran required a legal framework for digital currency and related activities, which would protect the national interest while crypto mining remains illegal in the country….

Recently, a Cryptopunk NFT was sold for almost $12 million among works of other artists during a Sotheby’s auction organized virtually. Sotheby’s looking forward to strong demand for this new type of digital good in the future, even as NFT’s craze stepped down last weeks. A leading Sotheby’s auction house announced on Thursday the sale…

India-based DeFi startup Instadapp reported on Friday the completion of a funding round in $10 million. It was led by Standard Crypto, including Andre Cronje, the founder of crypto investing platform Yearn.Finance. The startup plans to use funds to further developing of a “middleware” layer for the DeFi ecosystem. Instadapp plays an important role in…

As the China Ministry of Public Security said, the police have arrested more than 1,100 suspects of using cryptocurrencies for illegal activities, like laundering money and telecom frauds. The Chinese authorities stated they have crackdown more than 170 gangs responsible for using crypto for criminal purposes. The arrests follow China has stepped up efforts to…

The world-renowned influencer Paris Hilton joins Origin as an investor and advisor to make its products and Origin Tokens (OGN) even more successful. Paris Hilton is the original entertainment and business icon that pushes the creator economy forward. Aside from her influence on mainstream culture through music and TV shows since the early 2000s, Paris…

Skeptical before about cryptocurrency, Goldman Sachs continues to fund crypto companies. Investment giant recently funded around $28 million to Blockdaemon’s expansion. The more evidence that the New York City-based firm changing its mind to cryptocurrency. The investment banking giant has joined in on a significant funding round to aid Blockdaemon, a large blockchain firm, to…

The Bitcoin Mining Council announced on Thursday as debates over the energy wasted in crypto mining are growing. The energy consumed to mine cryptocurrencies matches a developed country’s usage and is comparable to big CO2 emitters such as airlines and fossil-fuel companies. “The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners…

The publicly traded company MicroStrategy, a big enterprise software developer, announced Tuesday that it raised its corporate bond sale from $400 million to $500 million to satisfy investor demand. The revenue will be transferred to purchase funds in Bitcoin above the 92,079 BTC the firm accumulated before. Unnamed sources said to Bloomberg, the sale was…

El Salvador has become the first country to officially recognizes Bitcoin as legal tender. A supermajority of lawmakers in the Latin American country’s Legislature voted by the Bitcoin Law. In a Wednesday vote, El Salvador’s Congress voted by a supermajority in favor of the president’s proposal for the Central American nation to adopt Bitcoin as…

Residents of Dubai lost above AED80 million in crypto scams since the beginning of 2021, the Dubai Police official said. There have been over 200 cases of crypto scams in the UAE this year, revealed Tarek Mohammed, Head of the Digital Assets Crime Section at the Dubai Police GHQ. He has provided online a virtual…