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Nigeria Aims to Include Cryptocurrencies in Tax System Overhaul
20.8.2024
The Nigerian government is looking to impose taxes on the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) plans to introduce a new tax law to achieve this. Despite being a major crypto market, Nigeria currently receives minimal tax income from crypto-related activities. The FIRS...
Optimism Finds Vulnerabilities in Fault Proof System, Proposes Upgrade to Patch Them
20.8.2024
OP Labs, a software development company focusing on the Optimism ecosystem, has proposed an upgrade for the Optimism rollup called Granite, which comes to fix a series of vulnerabilities in the chain’s fault-proof system. While some high-severity vulnerabilities were encountered during...
Financial Analysts Estimate Gold Might Reach $3,000 Propped up by Rate Cuts
20.8.2024
Several financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical...
Tron Triumphs as Cardano Fades—ADA Drops From Crypto’s Top 10
19.8.2024
Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S....
Solana ETPs see $39M outflow — Is the SOL price top in?
19.8.2024
CoinShares data shows Solana investment products registering a $39 million outflow, while Bitcoin investment products saw modest inflows
Kamala Harris Sidelines Crypto in DNC Agenda
19.8.2024
The Democratic National Committee (DNC) has released its agenda for the 2024 presidential election and has not included…
Dubai court recognizes crypto as valid salary payment: Law Decoded
19.8.2024
Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
19.8.2024
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34%...
Binance dominates among Chinese crypto users, X provides guidance
19.8.2024
A survey of more than 2,000 Chinese speakers shows clear favorites and frequent appeals for supernatural assistance
No mention of crypto in the Democratic Party’s 2024 platform
19.8.2024
The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention (DNC)
Cardano (ADA) loses top 10 crypto spot as Tron sees growth
19.8.2024
ADA falls from the top 10 list of largest cryptocurrencies as competing blockchains see an uptick in users.
QCP Capital Analyzes Market Sentiment Ahead of Fed Chair’s Speech at Jackson Hole
19.8.2024
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record...
Kamala Harris is bungling her opportunity to win crypto voters
19.8.2024
Kamala Harris seems to be trying to promise that she'll change her position on crypto if she's reelected to the White House, but her message is falling flat
Young crypto voter affiliation in US swing states split equally — Coinbase
19.8.2024
According to research commissioned by Coinbase, roughly 40% of young crypto holders in crucial swing states identify as Democrats — the same percentage as Republicans
Crypto voters could cost Harris the US election, warns SkyBridge founder
19.8.2024
According to Anthony Scaramucci, crypto voters could swing the elections in favor of pro-crypto candidate Donald Trump
Crypto Sleuth ZachXBT Uncovers Massive $238M Bitcoin Theft
19.8.2024
Blockchain investigator ZachXBT has uncovered a theft of 4,064 Bitcoin, valued at approximately $238 million. The investigation reveals…
Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year
19.8.2024
The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program
Crypto’s Weekly Winners and Losers: RARE Soars, MOG Slumps
19.8.2024
On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand...
Wazirx Tells Users: Google’s Mandiant Confirms No Breach on Laptops During Cyberattack
19.8.2024
Indian crypto exchange Wazirx says cybersecurity firm Mandiant, a Google subsidiary, has confirmed that Wazirx team laptops were not compromised during the $230 million cyberattack. The exchange added that attention is now focused on custodian Liminal’s wallet infrastructure, and...
Crypto's Bet on Election Betting Expands to Solana
19.8.2024
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists