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Study: Ordinals and Runes Reach $1 Billion Market Cap

13.6.2024
In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling...

Meme Coin Economy Gains $4 Billion Capital Injection Ahead of Fed Meeting

12.6.2024
The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA increasing 23.2%, and the runes-based DOG gaining 22.1%....

Polygon launches Community grants worth a billion in 10 years

12.6.2024
Over 10 years, the community grants scheme has released 1 billion, and presently, 35 million in MATIC for Polygon and Ethereum projects. All of this is in aid of the developer groups.  The initial season about the scheme will entail the release of 3 million MATIC, with the grants being supervised...

Nigerian Minister: Binance Fails to Pay Taxes on Over $20 Billion Turnover

11.6.2024
In 2023, Binance generated revenues exceeding $20 billion in Nigeria; however, the company has not paid taxes, a government minister disclosed. The Nigerian official also seemed to refute U.S. lawmakers’ claims that Tigran Gambaryan, an imprisoned Binance executive, is being held hostage by...

PEPE rises 5% following 231 billion whale buyup; now what?

10.6.2024
PEPE, one of the most popular meme coins, is finally eyeing a major rebound. The token recently recorded a huge whale accumulation of 231 billion tokens. The purchase has come at a time when PEPE has dropped massively in price. Lookonchain, a crypto analytics platform, reported that a PEPE whale...

Bitcoin whales accumulate BTC worth a billion dollar

7.6.2024
Bitcoin ($BTC) has breached the milestone of $70,000. When writing this article, it is way above $71,000, exchanging hands at $71,156.02. This reflects a growth of 0.29% in the last 24 hours and 4.72% in the last 7 days. Moreover, it is a surge of 11.97% in a single month. Many factors are painting...

Binance battles to slash $13 Billion UK lawsuit in high-stakes legal showdown

6.6.2024
Binance, one of the world’s largest cryptocurrency exchanges, is taking decisive steps to significantly reduce the scale of a $13 billion lawsuit filed against it in the United Kingdom. The lawsuit, which has garnered significant attention in the financial and crypto communities, alleges that...

Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers

5.6.2024
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full...

FTX Reaches Settlement With IRS on $24 Billion Tax Claim

4.6.2024
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...

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