Lawmakers in Brazil are currently considering a legislation that would increase taxes on cryptocurrencies held overseas. The proposed bill aims to classify cryptocurrencies as “financial assets” for tax purposes in foreign investments. This article will analyze the potential impact of this legislation on the cryptocurrency market in Brazil. Equal Tax Treatment One of the primary
In the past 24 hours, both Shiba Inu and Pepe have surged by 8%, outperforming the broader crypto market. This comes after news of the SEC’s delay in deciding on the Ark Bitcoin ETF, causing the overall market to dip slightly. Analysts have noticed a pattern where, leading up to the previous Bitcoin halving, BTC
The blockchain market intelligence firm, Nansen, has recently released a comprehensive report analyzing the behavior and investment patterns of the early whales who onboarded Coinbase’s layer 2 blockchain, Base. This article aims to delve deeper into the findings of Nansen’s report and shed light on the preferences and strategies adopted by these pioneering investors. Ethereum
The GMX token, which powers GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is currently experiencing intense selling pressure. This article delves into the recent downturn, examines the impact of whales selling GMX, and analyzes the implications for the GMX and DeFi communities. The Downturn and Whales Selling GMX As of August 11,
Financial markets have always been known for their unpredictability. Investors have long relied on experts, charts, and algorithms to make informed decisions. However, the advent of artificial intelligence (AI) and technology has introduced new tools that are reshaping the trading landscape. One such platform that is making waves is yPredict, a startup that aims to
Evernode, a layer 2 smart contract solution built on top of the XRP Ledger (XRPL), has recently announced an upcoming airdrop that aims to benefit XRP holders. This airdrop presents an exciting opportunity for investors to receive free Evers tokens. In this article, we will explore the details of the airdrop and what it means
Collecting art has always been about more than just the art itself. It’s about the story behind the piece and the identity of the artist. However, the emergence of Non-Fungible Tokens (NFTs) has revolutionized the art world by providing a way to attribute provenance to digital objects. In recent years, there has been a surge
Chinese law enforcement agencies are ramping up their measures to tackle the rising incidents of fraud and data theft within the Web3 sector. With personal identity thefts and digital financial crimes on the rise, authorities are facing the challenge of combating fraudulent activities that leverage increasingly sophisticated techniques and technologies in the rapidly evolving digital
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a correction in its price after failing to break through the $1,880 resistance zone. The digital asset is now trading below $1,850 and the 100-hourly Simple Moving Average, indicating a bearish sentiment in the market. Formation of Bullish Flag Pattern A bullish flag pattern is forming
Crypto users recently experienced unexpected price fluctuations for Ripple’s XRP token on the Gemini exchange. The relisting of XRP on the platform for deposits and trading led to “wonky” prices, causing concern among community members. This article examines the price glitch, possible explanations, and the impact on Gemini’s platform. Social media platform Twitter was abuzz
Binance Labs, the investment arm of Binance, recently announced that it has invested $5 million in Curve DAO Token (CRV) to support the decentralized finance (DeFi) platform. This move comes in the wake of a recent attack that resulted in the theft of at least $60 million from Curve Finance. In this article, we will
The U.S. Securities and Exchange Commission (SEC) recently announced a settlement of $24 million with Bittrex and its former CEO, William Shihara. The SEC had made several allegations against Bittrex, accusing the company of instructing coin issuers to remove statements that could potentially raise regulatory concerns. Gurbir S. Grewal, Director of the SEC’s Division of
Brazil is making significant strides in the world of finance with its plan to introduce a central bank digital currency (CBDC) known as DREX. Set to launch in 2024, this innovative digital currency aims to revolutionize the country’s financial services sector and promote financial inclusivity. While Brazil is not alone in its pursuit of a
In a surprising turn of events, decentralized exchanges (DEX) on Coinbase’s newly launched layer2 network, Base, have quickly surpassed the trading volume of established layer1 networks such as Cardano (ADA) and others. Data from DeFiLlama reveals that within 24 hours of its launch, Base ranked among the top 10 networks by trading volume, generating an
Curve, the decentralized stablecoin trading platform, has received a significant boost with a $5 million investment from Binance Labs, the venture arm of cryptocurrency exchange Binance. This investment marks an important milestone for Curve and highlights the growing interest in decentralized finance (DeFi) projects. Curve has established itself as a major player in the DeFi
Following Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC), there has been a surge in activity on the XRP Ledger. This increased activity has resulted in XRP surpassing Ethereum as the blockchain with the highest number of daily transactions. While the initial excitement from Judge Analisa Torres’s ruling has subsided,
Trading in the cryptocurrency market can often feel like trying to solve a complex puzzle, with traders constantly searching for the missing pieces of information that can make all the difference. However, with the rapid growth of cryptocurrencies, this challenge has become even more daunting. Enter yPredict, an innovative AI-powered platform that aims to simplify
The non-fungible token (NFT) project y00ts has recently made the decision to switch blockchain networks once again, moving from Polygon to Ethereum. This move comes just four months after the majority of its NFTs were bridged from Solana to Polygon. The announcement was made by DeLabs, the NFT firm behind y00ts, through their X (Twitter)
In a bold move to embrace the world of non-fungible tokens (NFTs) and crypto collectibles, CBS Studios has submitted an application to secure the name “Star Trek Continuum” for their latest venture. The application, accepted by the United States Patent and Trademark Office (USPTO), allows CBS Studios to utilize the iconic Star Trek name in
Attorneys representing Tesla CEO Elon Musk are urging a judge to dismiss a multi-billion dollar case that accuses the billionaire entrepreneur of insider trading with Dogecoin (DOGE), arguing that the accusations are baseless and frivolous. The lawyers argue that the plaintiffs should be barred from burdening the judicial system with additional accusations based on Musk’s
Bitcoin Ordinals, a groundbreaking protocol launched earlier this year, has captivated the crypto community by offering a new way to inscribe assets like nonfungible tokens (NFTs) and Bitcoin-based cryptocurrencies on the Bitcoin blockchain. Recognizing the potential of this protocol, the team behind Bitcoin Ordinals has recently established the Open Ordinals Institute, a nonprofit organization dedicated
In the fast-paced world of cryptocurrency, new meme coin projects seem to emerge every day. These projects, ranging from Dogecoin to Shiba, each have their own unique story to tell. The latest addition to this digital narrative is Cowabunga Coin, a meme coin that draws inspiration from the beloved Teenage Mutant Ninja Turtles. An Iconic
Bitstamp, a prominent cryptocurrency exchange, announced on August 8 that it would suspend U.S. trading for several cryptocurrencies that have been classified as securities in recent legal cases involving other exchanges like Binance and Coinbase. The affected tokens include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near Protocol (NEAR), The Sandbox (SAND), and
Crypto-focused venture capital firm, Blockchain Capital, recently experienced a security breach when its Twitter account was taken over by scammers. The scammers targeted unsuspecting users by promising a token claim through a giveaway of “BCAP” tokens. In an attempt to deceive users further, the scammers directed them to a copycat website that closely resembled the
Cryptocurrency exchange Binance has made a significant move in the world of digital assets by becoming the first licensed crypto platform in El Salvador. The Central American country has been known for its friendly stance towards the crypto industry, with the adoption of Bitcoin as legal tender in 2021. Binance’s acquisition of two licenses from
In today’s rapidly evolving digital landscape, personal branding has taken on a whole new level of importance. With the increasing interconnectedness of the online world, individuals from various backgrounds are finding innovative ways to stand out and express their unique digital identities. One powerful tool that has emerged in this realm is the Non-Fungible Token
The cryptocurrency industry has seen its fair share of controversies and scandals over the years. One such incident involves FTX DM, a subsidiary of FTX, whose co-CEO Ryan Salame is reportedly in talks with federal prosecutors to potentially plead guilty to criminal charges related to the collapse of the crypto exchange. This development has sent