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Kenya Collects Over $77M in Taxes From 384 Crypto Traders


The Kenyan government collected $77.5 million tax revenue from cryptocurrency traders in the last fiscal year. Kenya Seeks $465 Million in Crypto Taxes The Kenyan government collected $77.5 million (10 billion shillings) in taxes from cryptocurrency traders during the 2023-24 financial year...

Hut 8 Gears up for a Mining Power Surge With 31K New Bitmain Antminers


Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025. Hut 8 Moves to Boost Mining Efficiency With ASIC Fleet Upgrade As part...

Ripple CEO Calls on Trump for Sweeping SEC Reforms in First 100 Days


On Wednesday, Ripple CEO Brad Garlinghouse offered a pointed roadmap for the early days of Donald Trump’s administration, outlining immediate steps that could reshape digital asset regulation. Garlinghouse to Trump: Clear the SEC and Drive Crypto Clarity in First 100 Days In a recent post...

Boom or Bust? Research Shows Only 3% of Meme Coins Survive


Meme coins are the current rave in the crypto industry. However, question marks remain over their long-term viability. Meme Coins: Next Big Thing or Exit Liquidity for Cabals? Meme coin traders, hold your seats. According to a recent publication by Binance Research, 97% of meme coins are already...

What’s Next for Bitcoin After Hitting New All-Time High


A new all-time high for bitcoin on U.S. Election Day has sent the market into peak euphoria with speculators looking to ride the bullish momentum. New All-Time High for Bitcoin Another bullish cycle for the crypto ecosystem could be on the horizon with bitcoin’s (BTC) new all-time high...

Trump’s Victory Sparks Massive Politifi Token Meltdown


Following the recent U.S. election, where Donald Trump was selected as the 47th president, political finance (politifi) tokens have faced an intense wave of sell-offs. Crypto Carnage: Politifi Tokens in Freefall After U.S. Election Politifi tokens, especially those tied to candidates, are under...

Bitcoin ETFs Lose $116.9M as Ether Funds Stay Neutral in Pre-Election Trade


Recent figures reveal that the 12 spot bitcoin exchange-traded funds (ETFs) faced outflows totaling $116.9 million, making it a challenging session. Meanwhile, the nine ether ETFs remained in a steady state, showing neither gains nor losses during Tuesday’s trading. Mixed Results for Crypto...

Bitcoin.com Launches Bitcoin Rewards at 30% APY


Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has launched Bitcoin rewards at 30% APY. Rewards, which accumulate in real-time without lockups or custodial risk, are paid in tBTC, Threshold Network’s breakthrough Bitcoin bridge that brings the power of decentralized...

Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year


Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more...

Semler Scientific Acquires More Bitcoin, Despite Mixed Q3 Financial Results


Semler Scientific increased its bitcoin (BTC) holdings with the purchase of an additional 47 bitcoins for an aggregate amount of $3 million. This brought its total bitcoin holdings to 1,058 bitcoins for a total purchase amount of $71 million. Semler Scientific Expands Bitcoin Holdings Amid a Rise...

A Ponzi Unveiled? Controversial Crypto Platform Facing California’s Wrath


The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order on Monday to Trage Technologies Ltd., also known as Trage Tech, for alleged violations of securities laws. The DFPI claims that Trage Tech, which operates out of the Marshall Islands...

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