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Tornado Cash Users Appeal Court Ruling Backing Treasury Department’s Sanctions
15.11.2023
Source: Pixabay The plaintiffs in the case against the United States Treasury Department’s sanctions over the popular cryptocurrency mixer Tornado Cash are dissatisfied with the ruling of the court. A group of five Tornado cash users has filed an appeal against the judgment of the US District Court...
“Mutant Ape Planet” NFT Designer Pleads Guilty to Fraud, Faces 5 Years in Prison
14.11.2023
Aurelien Michel, the 25-year-old designer of “Mutant Ape Planet” NFTs, pled guilty to conspiring to commit wire fraud at the federal courthouse in Brooklyn, New York, on Tuesday. A $3 million fraud scheme Michel admitted to luring in NFT investors with promises of giveaways, tokens, merchandise...
Australia Introduces Capital Gains Tax For Wrapped Tokens
14.11.2023
Source: Pixabay The Australian Taxation Office has issued an update on its capital gains tax for crypto products, stating that it also extends to wrapped tokens or token interaction with decentralized lending protocols. The previous edition of the capital gains tax stated that capital gains...
Gurus Are Quietly Stockpiling This Undervalued AI Crypto Gem – What’s the Deal?
14.11.2023
Crypto gurus are rapidly acquiring tokens from overlooked AI crypto startup yPredict. Image by yPredict, X. When it comes to trading and investing in the cryptocurrency markets, gaining an advantage over your competitors could make the difference between racking up major profits or taking hard...
GROK Dumps 50% as 'Scammer’ Links Halts AI-Inspired Token's Rally
14.11.2023
It reached a $160 million capitalization on Monday, amassing over 13,000 holders and trading over $25 million in volume on decentralized exchanges
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
14.11.2023
Australia's tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols
Australia to impose capital gains tax on wrapped cryptocurrency tokens
14.11.2023
Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax
Ondo and Axelar Join Forces for Ondo Bridge
13.11.2023
Tokenized secure note issuer Ondo Finance and Web3 cross-chain platform Axelar came together Monday, November 13th to unveil Ondo Bridge, a cross-chain mechanism designed to facilitate easy transfers of Ondo tokens across blockchains. “A superior and safer yield-generating stablecoin”...
GROK Token, Inspired by Elon Musk’s Grok AI, Hits $160M Capitalization in Latest Frenzy
13.11.2023
Total liquidity for the token is a paltry $3.5 million on decentralized exchanges, meaning a single significant sale could instantly topple the rise
As New Nutcoin Token Goes Up +9,000% Overnight, This New Project May Be the Next Crypto to Explode – 100x Possible?
13.11.2023
In the latest DEX launched memecoin to skyrocket, new Nutcoin token has undertaken a sensational +9,000% NUT price explosion, but how high can this moon-shot fly? Recent months have seen a huge trend in explosive DEX-launched tokens, with countless moon-shots garnering significant attention...
Chinese Newlyweds to Scoop Digital Yuan Giveaways
13.11.2023
Source: Jenny/Adobe Chinese newly married couples stand to receive up to $715 worth of digital yuan tokens, discount vouchers, and coupons for tying the knot. Per the People’s Daily and an explanatory post uploaded to Banibao, the incentive is the brainchild of Shenzhen’s Yantian District, which...
Gamefi Tokens’ Valuation Swells by $4.5 Billion, Eclipsing AI Crypto Sector’s Growth
11.11.2023
Over the last month, the crypto market has seen appreciable gains, reaching a valuation of $1.4 trillion. Certain areas, however, have registered more pronounced increases against the U.S. dollar. Data reveals that the top gaming tokens from the game finance (gamefi) sector have experienced...
Indian Supreme court rejects crypto petition, highlights legislative nature
11.11.2023
Listening to the plea, the bench headed by the Chief Justice of India (CJI) remarked that the petitioner’s demands are more legislative in nature
Six-Figure Prices for Bitcoin Rock Ordinals and EtherRock NFTs Reignite Hopes for Return of NFT Mania
11.11.2023
$100k+ Sales of EtherRock NFTs and Bitcoin Rock Ordinals Stoke Speculation of an NFT Revival. Image by Garrett, Adobe Stock. Nonfungible tokens (NFTs) are back in the spotlight this week after separate high-profile sales of EtherRock NFTs and Bitcoin Rock Ordinals for over $100,000 each. The sales...
Polygon Labs Launches $90 Million Fund to Fuel Ecosystem Growth
10.11.2023
Polygon. Source: Adobe / Mahoa Creative Polygon’s development team Polygon Labs is reigniting network growth through a relaunched grant program featuring over $90 million in funding for aspiring Web3 founders. Per a blog post from the company on Thursday, the “Polygon Village 2.0” grant program...
Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims
10.11.2023
Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma,...
UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank
10.11.2023
According to the bank, potential cryptocurrency investors usually make an average of three payments before recognizing they’ve fallen victim to a scam
As PEPE2 Dumps After 1,000% Move, But This Audited Bitcoin Project Has Secured $200,000 in Funding – 100x Potential?
10.11.2023
As copycat tokens rise on DEX markets, the latest spin-off PEPE2 token has undertaken a +1,000% move, yet, amid the surge a breakout, warning signs reveal a potential scam, while safer Bitcoin project is capturing the attention of traders. Recent months have seen a huge trend in explosive...
Is it altseason? Altcoin 30-day performance and total market cap flash bullish
9.11.2023
3 key data points highlight the 60-day strength shown by altcoins
CertiK Data Highlights Significant Slowdown in New Cryptocurrency Launches
9.11.2023
Source: Adobe / Andrii Yalanskyi Recent data from blockchain security firm CertiK has revealed a noteworthy slowdown in the creation of new cryptocurrencies, with the pace now reaching its slowest in three years. Citing data shared by CertiK, CoinDesk on Wednesday reported that the third quarter...