The intense competition between Binance Holdings Ltd and Nigeria over supremacy in the cryptocurrency exchange market has resulted in noticeable effects on Nigerian exchange activities. Due to the depreciation of the Nigerian Naira, which is currently valued at approximately 1075 Naira for one US Dollar, the government has intensified its efforts to regulate unlicensed crypto … Read more
Over the past weekend, Shibarium, the main Layer-2 solution within the Shiba Inu community, experienced a brief network interruption that influenced its functionality. Notably, Kaal Dhairya, a well-known Shiba Inu developer, reported this issue and provided insights regarding the ongoing situation on X platform. Some validators on Shibarium, which are organizations responsible for verifying transactions … Read more
A local news source revealed that the Finnish Tax Authority has found out that certain individuals engaging in digital asset trading have failed to declare their crypto income tax for the year 2023. The undeclared taxes amounted to €30 million, equivalent to around $31.9 million. Finnish Authorities Demand Investors to Report Taxes Several crypto exchanges … Read more
The chances of Ethereum Spot ETFs being approved by the US Securities and Exchange Commission (SEC) before May are looking increasingly uncertain, causing concern in the cryptocurrency community as they wait for the SEC’s final decision. The anticipation over the SEC’s decision underscores the significance of gaining approval for Ethereum ETFs, as it would provide … Read more
At a campaign rally in Michigan in April 2021, Robert F. Kennedy Jr., also known as RFK Jr, the United States Presidential candidate, proposed an unconventional plan: if elected, he intends to put the entire US budget on the blockchain. This means that all federal financial transactions would be recorded and verified using this decentralized … Read more
Bitcoin supporters worldwide can relax now as Bitcoin, the leading cryptocurrency, recovers from a recent slump. Last week, Bitcoin, like the rest of the market, dropped below $60,000. This was mainly due to increased caution among investors, the US tax season approaching, and heightened tensions in the Middle East. But then, unexpectedly, Bitcoin bounced back … Read more
Last week, digital asset investment funds experienced withdrawals totaling $206 million as reported by CoinShares on April 22, 2024. This weekly outflow is a continuation of the previous week’s $126 million reduction, suggesting a possible change in institutional investor attitude. Photo: CoinShares Investment products experienced withdrawals, leading to a slight decrease in trading volume for … Read more
In March, B3, a Brazilian stock exchange, declared its intention to provide Bitcoin futures. On the inaugural day of Bitcoin futures trading, they successfully initiated transactions, marking a substantial achievement. B3 Bitcoin Futures Sees Surge In Demand After introducing Bitcoin futures trading on April 17, B3 witnessed a significant surge in interest and activity from … Read more
Last week on April 19, Bitcoin underwent a productive halving process at block number 840,000. This event led to a decrease of 50% in mining rewards for Bitcoins mined. Following this, Bitcoin’s price has rebounded by over 10%, rising from the recent dip around $60,000. Currently, Bitcoin’s market capitalization stands at an impressive $1.3 trillion. … Read more
Woo X, a cryptocurrency trading platform, has introduced a new yield-generating product called RWA Earn Vaults in partnership with OpenTrade, a London-based institutional tokenization firm. According to the announcement, this marks the first instance of a cryptocurrency exchange providing access to tokenized US Treasury bills to individual investors. This groundbreaking action by the company is … Read more