Artificial intelligence (AI) has become a crucial component in various industries, revolutionizing the way businesses operate. It involves the development of intelligent machines that can perform tasks typically requiring human intelligence. Over the years, AI has witnessed significant advancements, leading to a multitude of possibilities that have the potential to reshape our world. With continuous
In a new ruling, the Internal Revenue Service (IRS) has declared that staking rewards obtained by U.S. cryptocurrency investors should be included in their gross income. The IRS considers cryptocurrencies as property for federal income tax purposes, and therefore, rewards acquired through the Proof-of-Stake consensus mechanism fall under taxable income. This decision has significant implications
In a recent twist, Miami mayor Francis Suarez’s presidential campaign has come under scrutiny following a $500,000 donation from PassionForest, LLC, a crypto firm, according to the Miami Herald. The donation, made on October 28, 2022, drew attention when the Campaign Legal Center filed a complaint on July 25, 2023, alleging that PassionForest was linked
In the ever-evolving world of cryptocurrency, scandals and controversies are not uncommon. One recent incident that has captured the attention of many is the rug pull of the BALD token. In this article, we will delve into the allegations surrounding the FTX founder, Sam “SBF” Bankman-Fried, and explore the possible reasons behind Bitcoin’s drop below
In a recent incident, a scammer successfully executed a zero transfer phishing attack, resulting in a $20 million theft of Tether (USDT). This new method of scamming has raised concerns within the crypto community, as it continues to grow in popularity among attackers. The Zero Transfer Scam The scammer targeted a victim’s wallet address, tricking
In a recent press statement, Binance Japan announced the launch of a dedicated platform to onboard new customers in the country. This move is aimed at bolstering the embattled crypto exchange’s business and expanding its services in the Asian market. Binance Japan, formerly known as SAKURA Exchange Bitcoin, Inc., is one of the largest exchanges
Pepecoin (PEPE) has been facing a difficult period in the cryptocurrency market, with downward movements dominating the chart and a lack of significant price support. The challenges stem from PEPE’s technical structure, which has been grappling with resistance from the 20-day moving average (20DMA) since July 16. As a result, PEPE has experienced a 13%
As the popularity of NFTs continues to rise, it’s crucial to have a clear understanding of NFT marketplaces. These digital platforms serve as the hub for buying, selling, and trading NFTs. With a wide range of marketplaces available, such as OpenSea, X2Y2, and Blur, it’s essential to explore different platforms to find the one that
The U.S. Department of Justice (DOJ) has made a formal request to the court to revoke the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of FTX, a bankrupt cryptocurrency exchange. The DOJ’s request is based on SBF’s alleged attempts to tamper with witnesses, which could impede the government’s pursuit of a
The WLD token offers various avenues for individuals to acquire it, catering to their specific purchasing preferences. These options enable investors to engage with the token in a way that aligns with their needs. Market trends influence the prices, ensuring that investors are exposed to fluid and dynamic market conditions. The World of Centralized Exchanges
The Nigerian Securities and Exchange Commission (SEC) has once again emphasized that Binance’s operations within the country are illegal. In a recent statement, the regulator specifically pointed out Binance’s official website and stated that the activities of the platform are not registered or regulated by the Commission. This reaffirmation of the warning comes amid the
In a surprising turn of events, a new memecoin named BALD, launched on Coinbase’s Base network, experienced a drastic 85% drop in value. This sharp decline was supposedly caused by the developer, who allegedly withdrew 1,034 Ether (ETH) from the market, which amounted to approximately $1.9 million. Reports from social media and blockchain data shed
Binance, one of the leading digital asset exchanges, has achieved a significant milestone by becoming the first exchange to receive an Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This development comes at a time when the exchange is facing regulatory hurdles in multiple European countries, including Germany, the Netherlands,
DeeLance, a decentralized freelance platform aiming to challenge established names like Fiverr and Upwork, is concluding its highly prosperous presale, having raised an impressive $1.7 million so far. The presale will end at 23:00 UTC, after which the platform’s native currency $DLANCE will be exclusively available through cryptocurrency exchanges, potentially at a higher price. Shaping
Embark on a captivating journey through MintWorld, where discovery, strategy, and enjoyment collide in an immersive Web3 gaming experience. With an unwavering vision and a dedicated team, MintWorld has forged a path like no other. Brace yourself for the upcoming launch of Genesis City, a game-changer that will take MintWorld to new heights. Unleash the
Liquid staking tokens (LSTs) are quickly gaining momentum in the cryptocurrency world and are poised to replace Ethereum’s native cryptocurrency, Ether (ETH). With a market worth around $17 billion and growing steadily since Ethereum’s Merge, LSTs offer significant advantages over traditional ETH. Since the Merge, ETH can now be staked to generate an annual yield
Cybercriminals are evolving, shifting their focus from traditional ransomware attacks to a more covert strategy: cryptojacking. As businesses become less willing to pay ransom demands, attackers are turning to the exploitation of stolen computing power to mine digital currency. This adaptive and evasive approach increases their chances of success. According to SonicWall, a leading publisher
The cryptocurrency market is no stranger to meme coins, and the latest sensation is BALD coin. This unique digital asset has experienced an astronomical surge in price, skyrocketing to unprecedented heights. At one point, BALD coin witnessed a mind-boggling increase of 4 million percent or 40,000 times its initial value. This surge has attracted significant
Bitcoin has been experiencing a period of consolidation, with its market dominance gradually decreasing as investors shift their focus to select altcoins. While this altcoin recovery is promising, it remains highly dependent on Bitcoin’s performance. If Bitcoin experiences a sharp decline, there is a high possibility of an altcoin sell-off. As traders look for trading
The cryptocurrency industry has been eagerly awaiting regulatory clarity, and recent developments in the United States House panel have brought some hope. With the approval of the Financial Innovation and Technology for the 21st Century Act and the Blockchain Regulatory Certainty Act, crypto firms can finally expect guidelines on registration and removal of hurdles for
In recent days, SHIB, the popular meme coin, has seen a significant rise of nearly 6%, contributing to its monthly gains of almost 12%. This surge can be attributed to the introduction of the Shibarium Beta Bridge, an essential component of the Shiba Inu project’s larger vision to become a comprehensive ecosystem. The team behind
After a volatile debut in the mainstream cryptocurrency exchanges, the price of Worldcoin (WLD) has finally stabilized. On July 29, the WLD price saw a surge of nearly 6%, reaching $2.35. However, it is important to note that the token is still down 70% from its peak price of $7.50 during its market debut. The
The House Financial Services Committee recently took a significant step in addressing critical issues surrounding digital asset regulation. On July 27, seven pieces of legislation were advanced, paving the way for a full vote in the House. These bills aim to shape the regulatory environment and foster innovation while ensuring consumer protection. Clarity for Payment
Worldcoin, the proof of humanity protocol, has recently released its audit reports, shedding light on the security issues within its data collection practices. As concerns about data privacy and protocol integrity continue to rise, two security consulting firms, Nethermind and Least Authority, were enlisted to conduct the audits. The reports offer valuable insights into the
In the rapidly growing web3 industry, Launchpad XYZ stands out as a crypto-startup with a unique approach. While many platforms focus solely on trading services, Launchpad XYZ aims to provide comprehensive resources, analysis, and security measures. With its ambitious strategy, the company seeks to diversify into the gaming and Metaverse domains, reflecting a broader shift
In a recent tweet, Commissioner Hester Peirce of the United States Securities and Exchange Commission (SEC) expressed her concerns about the regulator’s stance on discouraging efforts to provide more transparency in the cryptocurrency industry. This comes after the SEC’s chief accountant, Paul Munter, issued a warning to accounting firms that engage in “audit” duties for
Crypto.com, a leading cryptocurrency exchange, has announced that it has obtained regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services. This recent approval adds to the company’s growing list of authorizations from various European nations, including the United Kingdom, France, Italy, Spain, and more. In its