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
Binance obtained a complete cryptocurrency license from Dubai’s regulatory authorities, granting them a Virtual Asset Provider (VASP) permit in the city. This news was shared by Binance CEO Richard Teng during an interview with Bloomberg on Thursday. According to sources who preferred to remain anonymous, Binance was able to secure this permit following Changpeng Zhao’s … Read more
Chiliz, a company specializing in blockchain technology for sports and entertainment, has teamed up with the UAE Pro League (ADNOC Pro League). The goal of this alliance is to enhance fan engagement and boost the recognition of the United Arab Emirates’ top professional football league through cutting-edge blockchain applications. Established in 2018, Chiliz specializes in … Read more
Lately, the green light for trading Bitcoin SPOT ETFs has resulted in substantial shifts within the market. Notably impacted by this development is Grayscale, a prominent player in the cryptocurrency industry. Grayscale’s Bitcoin Holdings Experience Decline Institutions led by Grayscale, renowned for managing the Bitcoin Trust (GBTC), previously held the largest market value of Bitcoins. … Read more