Tether Limited, the organization managing the popular stablecoin USDT (United States Dollar Tether), has revealed plans for an expansion of their business scope. Going forward, they will explore ventures beyond stablecoins, unveiling fresh infrastructure projects and establishing new departments to accommodate a broader range of initiatives. Based on a recent announcement from Tether’s official source, … Read more
Amidst the turbulent waves of the cryptocurrency market, VeChain (VET) has demonstrated remarkable strength and adaptability, refusing to be submerged like many other coins during rough patches. VeChain Analysts Take Notice Some crypto experts are optimistic about VeChain’s prospects, monitoring its progress closely. Although there have been discussions surrounding VeChain’s performance since early 2021, it … Read more
The price of Bitcoin has been negatively impacted by the heavy selling activity that has dominated the market recently. Despite investor expectations of a reprieve, it appears that sellers are not finished yet, and a significant Bitcoin sale transaction has caused even more market turmoil. Whale Dumps $1 Billion Worth Of Bitcoin The cryptocurrency community … Read more
Swedish tax authorities have discovered substantial tax evasion in the cryptocurrency mining industry and are requesting approximately 800 million SEK from the involved companies as overdue taxes. According to a recent statement, the Swedish Tax Agency (Skatteverket) conducted an investigation and found that these businesses had failed to pay their due taxes to the government. … Read more
Nana Murugesan, who previously held the position of vice president for international and business development at Coinbase, has taken on the role of president at Matter Labs, the innovators behind zkSync. This new position marks Murugesan’s eagerness to steer a company through an exciting period of international growth. Murugesan’s Vision for Scaling the Growth of … Read more
In simple terms, Binance, the largest cryptocurrency exchange globally in terms of trading volume, has introduced an innovative new token platform called Megadrop. This platform combines features from Launchpool, decentralized web (Web3), and airdrops. Binance Megadrop: Revolutionizing Airdrops with Launchpool Integration Binance’s announcement for the Megadrop launch reveals that this new platform aims to offer … Read more
The overall value of all cryptocurrencies has decreased by 2.4 percent over the past day, bringing it down to approximately $2.36 trillion. This reduction in market cap occurs as the highly anticipated Bitcoin halving event in 2024 approaches. Following a strong first quarter, JPMorgan Chase & Co analysts have identified potential short-term vulnerabilities in the … Read more
A well-known cryptocurrency trader in the community, Ansem (@blknoiz06), has generated buzz with his latest forecast. He’s identified a potential 100x gain opportunity based on a new advancement within Bitcoin‘s network. According to him, this development is currently underappreciated by the market. Ansem stated via X: Next 100x opp is runes on Bitcoin, 95% of … Read more
The latest news on the ongoing dispute between Ripple Labs and the SEC (US Securities and Exchange Commission) regarding the status of their native token XRP as a security has yet to be resolved, making headlines as the XRP lawsuit continues. Ripple’s legal battle with the SEC has brought some favorable outcomes so far, but … Read more
On April 17, 2024, the value of Omni Network (OMNI) tokens plummeted by over 56% following its airdrop distribution and exchange listing. Consequently, anxious investors quickly sold off their tokens, causing a significant price drop. According to CoinGecko’s figures, the token’s worth plunged from $53 to $23 within just one day. OMNI Underperforms after Airdrop … Read more