IRS Anticipates Increase in Crypto Tax Evasion Cases in 2023
The United States Internal Revenue Service (IRS) is preparing for a surge in cryptocurrency-related tax crime cases this year, coinciding with the April 15 tax filing deadline for U.S. citizens.…
Hong Kong’s Crypto ETFs Face Limited Impact Without Mainland Chinese Investors, Pale in Comparison to U.S. Market
The Securities and Futures Commission (SFC) of Hong Kong has recently granted conditional approvals for three pioneering spot Bitcoin and Ether exchange-traded funds (ETFs). These approvals signal an emerging trend…
Meme Coins and AI Tokens Rally, Leading Market Recovery Following $2 Billion in Bitcoin-Related Liquidations
In the latest turn of events in the cryptocurrency markets, meme coins and artificial intelligence (AI)-linked tokens have demonstrated significant gains, reversing the losses incurred over the weekend. This resurgence…
Crypto Investigator Alerts to Scam Operations Targeting DeFi Users
Pseudonymous blockchain detective ZachXBT has issued a stark warning about a nefarious group engaged in a sophisticated fraud scheme involving millions in stolen funds across multiple blockchain platforms. Utilizing his…
Impact of Binance Crackdown on Nigeria’s Web3 Industry
The Nigerian government’s stringent actions against Binance executives are casting a long shadow over the country’s Web3 sector, leading to a significant withdrawal of investor interest and confidence. This chilling…
Extradition Efforts Underway as Fugitive Binance Executive Located in Kenya
The Nigerian Government is currently undertaking efforts to extradite Binance executive Nadeem Arjarwalla back from Kenya, where he reportedly fled after escaping custody. This development follows allegations of currency manipulation…
Solana Sees Major Downturn with $440M Drop in Open Interest and 11% Price Fall
In the last 24 hours, Solana‘s market dynamics have shown significant volatility, reflective of broader cryptocurrency market trends. Open interest (OI) and Solana’s price have both experienced notable declines. Despite…
Bitcoin’s Decline Amid Iran-Israel Conflict Signals Caution for Global Markets
Bitcoin faced significant challenges in regaining momentum following its largest drop in over a year, mirroring a broader downturn across the cryptocurrency markets driven by increased geopolitical tensions in the…
BlackRock’s Entry May Pave the Way for Regulated Stablecoins in the U.S.
The increasing involvement of Wall Street giants in the stablecoin arena is poised to accelerate the regulatory framework’s development in the United States, potentially introducing a privately-operated alternative to a…
Grayscale CEO Predicts Reduction in GBTC Fees as Bitcoin ETF Market Evolves
In a recent development that has caught the eye of the investment world, Grayscale‘s flagship Bitcoin exchange-traded fund (ETF), known for having the highest fees among U.S. spot Bitcoin ETFs,…
Sam Bankman-Fried Seeks to Overturn Conviction and Sentence Through Appeal
The legal team of Sam “SBF” Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has officially initiated the process to challenge his recent conviction and subsequent sentence. On April 11,…
The SEC’s Legal Offensive Against Uniswap Marks a New Phase in DeFi Scrutiny
The unfolding legal drama between Uniswap Labs, the pioneering force behind the eponymous decentralized finance (DeFi) protocol based in Brooklyn, and the U.S. Securities and Exchange Commission (SEC) signals a…
Chainlink Introduces ‘Transporter’: A Leap Towards Secure Cross-Blockchain Transactions
In an announcement that has stirred the cryptocurrency community, Chainlink, a leading data provider, unveiled its latest innovation – the ‘Transporter’ blockchain bridge application, on Thursday. Designed to facilitate seamless…
Shiba Inu Partners with CDSA to Address AI-Driven Issues Through Shibarium
In a groundbreaking move that further bridges the gap between blockchain technology and the entertainment industry, the Shiba Inu team, creators behind the beloved meme coin and a suite of…
Tether’s Custodian Highlights Stablecoins’ Positive Impact on U.S. Economy
In the dynamic world of cryptocurrency, the role of U.S. dollar-pegged stablecoins in reinforcing the dollar’s global supremacy remains a subject of extensive debate. Howard Lutnick, CEO of Cantor Fitzgerald,…
SEC Postpones Verdict on Bitcoin ETF Options for Bitwise and Grayscale
In a move closely watched by investors and market participants, the United States Securities and Exchange Commission (SEC) has opted to delay its decision regarding the New York Stock Exchange…
Ex-Ethereum Adviser Plans $9.6 Billion Lawsuit Against U.S. Government Following Dismissal of Extortion Charges
Steven Nerayoff, known for his early advisory role in the Ethereum network, is setting the stage for a monumental legal battle against the U.S. government. He seeks a staggering $9.6…
Extended Network Congestion Leads to Delays in Solana Project Launches
The Solana blockchain, known for its high throughput and speed, has recently encountered intermittent congestion, causing a series of delays for several crypto projects poised for launch. This congestion has…
EigenLayer, The Year’s Most Anticipated Crypto Project, Lacks Key Features at Launch
The blockchain initiative EigenLayer, though it has only recently made its debut on Ethereum’s mainnet, has quickly ascended to become one of the most significant protocols within the network. Amassing…
dYdX Chain Experiences Production Stoppage Post-Network Upgrade
In a recent turn of events that has caught the attention of the decentralized finance (DeFi) community, dYdX, a leading DeFi protocol, is currently addressing a significant halt in block…