In a recent statement, crypto exchange KuCoin announced that they would begin collecting a 7.5% value-added tax on trading fees from Nigerian users starting on July 8. This decision is said to be in compliance with an important regulatory update in the country. The 7.5% VAT will be applied to each trade’s transaction fees, signaling
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Cardano (ADA) has shown a significant correlation with the broader market in recent months, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, in a surprising turn of events, ADA has diverged from the struggles of Bitcoin (BTC) and Ethereum (ETH), with a 2%
Asset managers are eagerly anticipating the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission. The deadline for updated paperwork and amended S-1s is set for July 8, with the possibility of additional rounds of filings. Despite minor questions from the SEC, asset managers like Steve Kurz
The recent setback in the price of Ethereum (ETH) has left investors disappointed, as the cryptocurrency briefly surpassed the $3,500 mark before dropping back to the $3,400 support level. The delay in price movement can be attributed to the postponement of the full approval by the SEC for Ethereum ETF applications, which were originally anticipated
Tom Lee, the head of research at Fundstrat, has recently reiterated his prediction that Bitcoin will surge to $150,000. He strongly believes in Bitcoin’s bullish outlook and is confident that the pioneer cryptocurrency will soon break out of its bearish trends. In a recent interview with CNBC Television, Lee expressed a positive outlook on Bitcoin’s
Galaxy Digital CEO, Mike Novogratz, recently shared his views on the future regulatory environment for cryptocurrencies in the US, emphasizing the importance of bipartisan support. According to Novogratz, fostering a bipartisan approach towards crypto is crucial. He believes that having both parties on board is essential for the growth and development of the industry. While
SBI Holdings, a well-known financial services company based in Tokyo, Japan, has recently revealed its plans to introduce an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This initiative is part of the larger ‘EXPO 2025 Digital Wallet’ project, which aims to provide a digital wallet app service connected to
Billionaire investor Mark Cuban has recently made a push for the US Securities and Exchange Commission (SEC) to make modifications to Form S-1 in order to make it easier for token-based companies to register with the authorities. This move comes in response to a footnote from SEC Commissioner Mark Uyeda, who criticized the current approach
Despite a 15% decrease in Bitcoin’s price since mid-March, there are indications that the bull run may not be coming to an end as many fear. One crucial metric to consider is the Fear and Greed Index, which measures investor sentiment on a scale from 0 to 100. With the index recently entering “fear” and
In the first half of 2024, Bitcoin and Ethereum have overshadowed traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. Matrixport’s July 1 post highlighted that both cryptocurrencies are leading the pack halfway through the year. The approval of spot Bitcoin ETFs in January played a significant role
Binance.US, the American arm of the leading cryptocurrency exchange Binance, is facing a legal battle with the Securities and Exchange Commission (SEC). The SEC has alleged securities law violations against Binance.US, leading to a court case that is progressing despite the exchange’s attempts to dismiss the charges. On June 28, US District Judge Amy Berman
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” in which he delves into the economic upheavals of the 1930s-1970s and how they relate to today’s financial landscape. Hayes highlights the importance of analyzing historical economic patterns to gain insight into the potential revival of the Bitcoin and crypto bull run.
Bitcoin has been experiencing a period of uncertainty lately, with the price fluctuating between support and resistance levels. One crypto analyst, Alan Santana, has made a bold prediction that the Bitcoin crash is far from over. His analysis, based on Fibonacci retracement levels, suggests that the price could plummet to as low as $34,900 –
The rise of artificial intelligence (AI) models has undoubtedly revolutionized many industries and sectors. However, Charles Hoskinson, the co-founder of Cardano, raises an alarming concern about the diminishing utility of AI models over time. He attributes this decline to the practice of AI censorship, where machine learning algorithms are used to filter objectionable or sensitive
Silvergate Capital recently found itself embroiled in a legal battle with the Securities and Exchange Commission (SEC), resulting in a hefty settlement of $50 million. The SEC alleged that Silvergate Capital, along with its subsidiary Silvergate Bank, and two executives, engaged in misleading investors regarding the adequacy of its BSA/AML compliance program. Furthermore, the SEC
The world of cryptocurrency trading is often filled with speculation and analysis from experts in the field. Recently, a crypto analyst uncovered a new technical pattern in the Cardano price movements, suggesting a potential rebound. This analysis has sparked optimism among other experts in the field, who believe that Cardano may have hit its bottom
The Bahamas has decided to take steps to increase the adoption of its central bank digital currency (CBDC) known as the “Sand Dollar” by providing access through commercial banks. This strategy aims to make the CBDC more widely available to the general public and businesses in the country, as reported by Reuters. Governor of the
VanEck’s Head of Digital Assets Research, Matthew Sigel, has confirmed speculation that their Solana spot ETF proposal is influenced by the outcome of the US Presidential elections. The deadline for the application is March 2025, well past the elections in November. Sigel has indicated that the approval odds for the ETF are slim if Joe
Circle made a groundbreaking announcement on July 1st by revealing that it has obtained an e-money license from France, making it the pioneer global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. This achievement not only showcases Circle’s commitment to regulatory compliance but also sets a precedent for other stablecoin issuers
Futureverse, a company specializing in AI and metaverse technologies, recently announced a partnership with Animoca Brands, a leader in digital property rights and blockchain-based entertainment. This collaboration aims to revolutionize the metaverse technology industry by integrating Futureverse’s cutting-edge technology with Animoca Brands’ extensive ecosystem of blockchain products. As part of the partnership agreement, the two
Greetings Bitcoin.com and Verse Community, We are excited to present a new proposal to be voted on by holders of Bitcoin.com’s token: Should we do an airdrop of VERSE tokens to active Ethereum users of the ? Pros This airdrop will raise awareness of the and the , bringing in more users to both. This airdrop
Keith Gill, also known as “Roaring Kitty,” is currently facing securities fraud claims related to the GameStop stock frenzy that occurred in 2021. The class-action lawsuit filed on June 28 in the Eastern District of New York alleges that Gill orchestrated a “pump and dump” scheme by using his social media presence to manipulate the
Bitcoin, once known for its active weekend trading, is now experiencing a significant decline in weekend trading volumes, according to a recent report by Kaiko. The data reveals a sharp drop in weekend trading activity, from 28% in 2019 to a meager 16% in 2024. This shift can be attributed to the rise of institutional
The month of June has been quite turbulent for the Bitcoin price, with significant fluctuations and volatility. The price of Bitcoin experienced a rollercoaster ride, reaching highs of $72,000 and lows of just over $58,000. Ultimately, the bears prevailed, driving the price down by 7.12%. This downward trend has left many wondering what the future
Sony Group, a giant conglomerate in Japan, recently announced its acquisition of Amber Japan, a move that will see the launch of a new crypto exchange. The WhaleFin exchange, previously owned by Amber Japan, will now be rebranded as S.BLOX Co under Sony’s ownership. This acquisition marks Sony’s entrance into the world of cryptocurrencies, adding
The emergence of the Blast Network in the web3 world has been highlighted as a prominent player in the Ethereum Layer 2 (L2) solutions. The article emphasizes the unique features of the Blast Network, such as its native yield generation for ETH and stablecoins, and its aim to address high transaction fees and network congestion
The co-founder of Ethereum, Vitalik Buterin, recently expressed his concerns about the state of cryptocurrency regulation, particularly in the United States. He highlighted a regulatory paradox that he believes is hindering the growth and integrity of the industry. Buterin pointed out that the current regulatory framework often allows projects with vague promises and unclear potential