The recent blog post by Ethereum founder Vitalik Buterin has caused a stir within the AI and blockchain community. Buterin’s post delves into the potential threats posed by artificial intelligence (AI) to humanity and has garnered both agreement and criticism from various individuals. This article aims to explore the different perspectives on this important topic
Spain’s Tax Administration Agency, Agencia Tributaria, has issued an update mandating that Spanish citizens must disclose their cryptocurrency holdings exceeding €50,000 (about $55,000) held on foreign platforms for tax purposes. Starting in January of next year, individuals and businesses impacted by this directive will be required to officially report their crypto assets held on non-Spanish
Coinbase, one of the largest cryptocurrency exchanges in the United States, recently revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The nature of the investigation remains unknown, but Coinbase stated that it has been asked to provide information about its users’ accounts and transaction activity. This development has sent
The DEX market has recently witnessed explosive moves by various tokens, capturing significant attention from traders. These moon-shots, including popular tokens like APX, SAMBO Bot, Baby Meme, TIME, ROCKY, and IO, have experienced significant price volatility and gains. Among these tokens, a relatively unknown token called 10000x has made a surprising entry, skyrocketing by an
Ether (ETH) has been facing challenges in maintaining the $2,000 support level, as it continues to struggle in surpassing the $2,100 mark. The recent downturn in Ether’s performance is in line with the overall decline in market sentiment in the broader cryptocurrency market. However, it is important to analyze whether recent events, such as the
The recent fraud scandals involving crypto exchange platforms in Hong Kong, namely JPEX and Hounax, have raised concerns about the efficacy of regulatory oversight in the city’s virtual asset sector. Despite these incidents, Hong Kong’s financial regulators have decided to retain the grace period for crypto firms, allowing them to continue operating without a license
The cryptocurrency market has seen a surge of meme coins in recent times, with PEPE100x being the latest addition to this trend. The token experienced a remarkable overnight jump of 50x, reaching a peak of $0.00386. However, this rapid rise was short-lived, as PEPE100x quickly plummeted by approximately 84% from its record high. The sudden
The digital asset investment market has experienced a remarkable surge in capital over the past week, with a staggering $346 million pouring into various investment products. This influx represents the largest weekly inflow in a consecutive nine-week period, reminiscent of the bullish environment witnessed in late 2021. CoinShares’ recent data highlights the significance of this
The rise of cryptocurrency has opened up new avenues for illegal activities, and terrorist organizations have not been immune to taking advantage of this technology. The Hamas terrorist organization, backed by Iran, has recently shifted its cryptocurrency activities from Bitcoin to Tron. By utilizing Tron, they have found a faster and more cost-effective means to
Ethereum, the world’s second-largest cryptocurrency, is on the verge of significant changes as its co-founder, Vitalik Buterin, plans to revolutionize the staking process and address scalability challenges. In a recent interview with the NFT platform Defiant while in Turkey, Buterin outlined his vision for the future of Ethereum and shed light on some key initiatives
Solana (SOL) recently experienced a significant rally, surging above the $65 resistance level against the US Dollar. However, the price is now undergoing a correction and there are speculations that it might even slide below the $50 support level. This article analyzes the current market situation and assesses the potential future movements of SOL. In
Circle, the stablecoin issuer of USD Coin (USDC), has partnered with SBI Holdings, a Tokyo-based financial services firm, to accelerate the adoption of USDC and Web3 services in Japan. The collaboration was formalized through a memorandum of understanding (MOU) signed on November 27. This agreement sets the foundation for the strategic expansion of USDC into
Grease Monkey Games, a subsidiary of Animoca Brands, has joined forces with Formula DRIFT to introduce an exclusive Nissan car NFT sale in the Torque Motorsport Store on November 24, 2023. This collaboration aims to enhance the in-game racing experience by offering virtual versions of two iconic Nissan models – the Nissan 180sx and the
Bitcoin mining difficulty has once again reached a new all-time high in 2023, indicating the increasing demand for the Bitcoin network. This article will analyze the recent adjustment in mining difficulty, discuss the factors contributing to its rise, and explore the potential challenges faced by miners in maintaining profitability. The recent adjustment in mining difficulty
XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup. The bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as much as the
Bitcoin’s price movements in the past week have been anything but stable. The asset experienced significant fluctuations, largely driven by recent developments involving the Binance-US authorities front. The Department of Justice’s announcement of a massive settlement deal with the world’s largest exchange sent shockwaves throughout the cryptocurrency industry. Binance had to pay $4.3 billion without
Crypto analyst PlanB, known for his bullish outlook on Bitcoin and the stock-to-flow model, recently expressed his optimism regarding the long-term prospects of the cryptocurrency. According to him, we might be witnessing the final days of Bitcoin trading below the $40,000 mark. This statement serves as a call to action based on his analysis of
In November 2023, Binance, the world’s largest crypto exchange, faced a significant challenge as the United States Department of Justice settled charges against the company. This resulted in a hefty fee and the resignation of Binance’s former chief, Changpeng Zhao (CZ). However, amidst this adversity, Richard Teng, who previously served as Binance’s Head of Regional
The recent hacker attacks on HTX and Poloniex have caused significant turmoil and loss for users of these crypto exchanges. However, in a surprising turn of events, Justin Sun, a top representative for both exchanges, has announced plans to reward users and cover their losses. This article critically examines the details of the airdrop and
The President of the European Central Bank (ECB), Christine Lagarde, recently made a surprising revelation – her son lost a significant amount of money investing in cryptocurrency. In an event organized by Germany’s central bank, the Deutsche Bundesbank, Lagarde shared details of her son’s financial misfortune and expressed her own skepticism towards cryptocurrencies. This incident
The U.K. investment sector is on the brink of a revolution as authorized funds gear up to embrace tokenization. The goal is clear: to enhance efficiency, transparency, and competitiveness. This exciting development has been officially greenlit, with the backing of key industry players. Let’s dive into the details and explore the transformative potential of this
Blast network, a Web3 protocol, has made waves in the crypto industry by accumulating over $400 million in total value locked (TVL) within just four days of its launch. However, amidst the excitement surrounding Blast’s rapid success, Polygon Labs developer relations engineer, Jarrod Watts, voiced significant security concerns regarding the network’s centralization. Watts argued that
A well-known crypto analyst from the YouTube channel Crypto Capital Venture recently shared his insights on the potential breakouts of both Bitcoin and Cardano in his latest video published on November 24th. While he refrained from declaring a new bull market, the analyst observed encouraging signs of building momentum, particularly in the case of Cardano
Ethereum has been ending the week on a positive note, experiencing a price increase of 4.7%. This puts Ethereum on a collision course with a key resistance level at $2,100. It is worth noting that this resistance level has already been tested once this month. Should Ethereum successfully break through this resistance, it could potentially
The native settlement token of NEO, GAS, has experienced a significant price explosion in recent weeks. Despite a serious retracement, GAS price has seen an 11.5% increase, leading many to wonder if it is too late to buy GAS token. GAS is used to pay for transactions on the NEO network and is generated through
The Shiba Inu (SHIB) burn tracker, Shibburn, has raised serious concerns about the creator of the popular meme coin, known by the pseudonym “Ryoshi.” According to Shibburn, Ryoshi’s actions may not have always been in the best interest of the SHIB ecosystem. In a series of posts, the community project pointed out that the founders
Former Binance CEO Changpeng Zhao recently faced a temporary restriction on his social media profile, raising questions about the platform’s policies and algorithms. This incident occurred shortly after Zhao stepped down from his executive position at Binance, adding to the speculation surrounding the situation. Let’s delve into the details and implications of this temporary restriction.