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Potential Venus Protocol Liquidation Raises Concerns in BNB Community


Crypto market observers are currently focusing on the Venus Protocol this week as the protocol grapples with a possible liquidation of binance coin (BNB). The hacker who exploited the BNB blockchain managed to secure $150 million in stablecoins through the use of Venus. If the price of BNB slips...

Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline


The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against...

EU Parliament Greenlights Markets in Crypto Assets Law, Tracing Rules


Members of the European Parliament gave their final approval to a package of EU-wide regulations for crypto assets. The legislators also backed the introduction of mechanisms allowing the tracing of cryptocurrency transactions which will also apply to private crypto wallets above a certain...

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers


The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto...

Watch: 6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More


  US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of...

Filecoin’s Pathbreaking Threshold Witnesses Achievements


Noteworthy progress has been delivered by the Baseline reporting of the DeFi Network ‘Filecoin’. This potent objective was taken note of last month in April 2021, showcasing the crucial relevance of minting at the baseline. To achieve further success for the crypto marketplace...

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