Pudgy Penguins are not only cute but also promoting intellectual property utilization and community empowerment. Launched in July 2021, this collection of 8,888 NFTs brings positivity and good vibes to everyone in their orbit. As a proud owner, you get exclusive access to experiences, events, IP licensing opportunities, and more. The Pudgy Penguins’ Objectives The
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The past 24 hours have seen Bitcoin drop to a new two-month low before recovering by over $1000. This is in contrast to altcoins, which have seen gains in the same period. LDO is the top performer with a double-digit price surge. Inflation Rates Slow Down The US CPI numbers for April revealed that inflation
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Mooky is a new meme coin that aims to make a difference for both investors and the environment. Unlike other meme coins, Mooky is focused on environmental protection and community-driven initiatives. It offers its supporters unique features like Ventures Club, 3D NFTs, and upcoming mini-games. With its verified and audited contract code, Mooky ensures complete
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Bankrupt cryptocurrency exchange FTX’s claims agent has recently posted that the US Internal Revenue Service (IRS) is claiming a total of $44 billion from the exchange’s bankruptcy and related firms. The IRS is claiming $38 billion against its sister quantitative trading firm Alameda Research. The IRS assessed $20.4 billion in unpaid partnership and payroll taxes
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Beth Hammack, co-head of Goldman Sachs’ Global Financing Group within the Investment Banking Division, has warned of the risks associated with the U.S. defaulting on its debt obligations. Hammack spoke out on Bloomberg Television, highlighting that international investors are perplexed by the U.S.’s unwillingness to pay its bills. She stated that the current situation is
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London-based crypto lender, Nexo (NEXO) has closed two of its subsidiaries in the United Kingdom as part of a company-wide restructuring. Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. were shut down on May 11th, according to Bloomberg News. Investigation into Organized Crime Scheme in Bulgaria Bulgarian authorities are investigating Nexo for allegedly
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The US House Committee on Financial Services has given an ultimatum to Gary Gensler, the chair of the Securities and Exchange Commission (SEC), to respond to its inquiries. The Committee had previously requested the SEC to provide internal non-public documents regarding its activities. These include charges against Sam Bankman-Fried, the bankrupt FTX founder, crypto regulations,
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Pepe memecoin has been gaining popularity in the cryptocurrency market. However, its hype has also attracted bad actors who have started creating scams related to the coin. According to blockchain security firm PeckShield, there have been at least ten memecoin scams created in the last three days. These scam tokens have had their liquidity removed,
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Milady (LADYS) is a self-organized memecoin named after an anime avatar nonfungible tokens (NFT) collection. Within 24 hours, the token surged over 5,250% and was trading at $0.0000001528 at the time of publication. The surge in token value occurred after Elon Musk tweeted a meme using the Milady NFT imagery, which sent the average Ether
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Sovereignty refers to a country’s ability to govern itself independently, including regulating and controlling activities within its borders, such as those of cryptocurrency companies. Cryptocurrency companies face varying levels of regulatory frameworks worldwide, with some countries offering favorable conditions and others imposing stricter regulations or bans that limit operations and innovation. Sovereignty is the only
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Brian Armstrong, the CEO and co-founder of Coinbase, has accused the US Securities and Exchange Commission (SEC) of going on a lone crusade for regulatory clarity in the country. According to Armstrong, the stance of the SEC differs from that of Congress and other federal regulators, and he believes that SEC Chair Gary Gensler is
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As the financial sector releases its quarterly earnings reports, updates on the state of crypto adoption across the industry are emerging. Despite the lingering effects of the crypto winter, firms that have adopted crypto are reaping benefits. For instance, MicroStrategy, which has integrated crypto in its operations, has seen positive results. Block’s Quarterly Results Block,
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TrueUSD (TUSD), a prominent stablecoin provider, has revealed plans to expand its management services internationally, reflecting a growing trend in the industry. Since its inception in 2018, TUSD has been at the forefront of stablecoin innovation, prioritizing regulatory compliance, and client due diligence. With a diverse network of financial institutions and fiduciaries, TUSD has been
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