A senior official from the Bank of Japan (BOJ) has warned G7nations that a common framework for regulating digital currencies needs to be put in place as quickly as possible. G7 refers to the Group of Seven, an inter-governmental political forum made up of Canada, France, Germany, Italy, Japan, the

Non-fungible token (NFT) marketplace OpenSea has announced an upcoming integration of the Solana (SOL) blockchain within its platform, a long-awaited move that industry experts and numerical data suggest could have reciprocal benefits across both ecosystems, as well as positive sentiments for the wi

Anyone who seeks to help Russia bypass economic sanctions will be held accountable by the US government, says Deputy U.S. Treasury Secretary Wally Adeyemo. This follows the punitive measures that the US and its allies have imposed on Russia for its decision to invade Ukraine. Ukraine, on the other h

Following months of building leaks, leading NFT (Non-Fungible Token) marketplace OpenSea confirmed today that it will indeed add support for NFTs minted on the Solana blockchain. The website released the breaking news with a tweet showing popular NFTs.OpenSea revealed the news with a short teaser vi

The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise, with Bitcoin (BTC) now trading near $48,000 and Ether (ETH) attempting to hold above $3,400. Traders are eager to open long, but aware that there is also the possibility of a pullback

Russian Deputy Minister of Energy Evgeny Grabchak proposed eliminating the legal vacuum around crypto mining in the country and introducing clear regulations. This statement continues the recent streak of support for the crypto industry among the country's officials.Russian Deputy Minister of Energy

President Biden's 2023 budget proposal suggests applying several accounting and tax reporting rules to digital assets. The administration could generate $11 billion in revenue over a decade. New financial resources may arrive in the form of tax.U.S. President Joe Biden today submitted his budget pro

There’s been a lot of discussion surrounding EU’s proposed MiCA (Markets in Crypto Assets) regulations, especially the text that was aimed at outlawing PoW (proof-of-work) cryptocurrencies like Bitcoin. Now, the law is moving forward but without these clauses.A Relief for Bitcoin in EUThe European U

South Korea’s National Tax Agency’s chairman Kim Dae-Ji held a meeting this week with tax executives from Bulgaria and Britain to discuss the “rise of tax-dodging schemes” through the use of digital assets. The idea of sharing income information is discussed and more cryptocurrency transactions are

The Russian Federation's energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas from “friendly countries” such as China and Turkey, so the countries find ways to increase its revenue.He said those countries could begin paying for energy in Russian