Japan’s DMM Crypto shuts down Seamoon Protocol amid challenges
Just a few months ago, it was thinking about issuing a stablecoin. Now it’s unsustainable.
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Binance Starts Accepting Fiat Currencies Through Alipay and WeChat
Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao confirmed in a tweet on Oct. 9.Zhao was quick to clarify that Binance is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions. The…
New video revives debate over Bored Ape Yacht Club’s alleged ‘racist’ imagery
A video released by investigative YouTuber Philip Rusnack, known as ‘Philion,’ has revived the debate over whether Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection employs racist imagery and white supremacist esotericism.In the hour-long video released June 20 on YouTube, Rusnack laid out his case, claiming that BAYC is “one massive…
Bitcoin use rise in Egypt amid economic recession
People continue to turn to Bitcoin and other cryptocurrencies to boost their profits even amid a pandemic. 838 Total views 5 Total shares As the COVID-19 pandemic pushed the Egyptian economy into recession and deepening unemployment, more and more Egyptians see the benefits of trading and mining Bitcoin as an alternative source of income.According to…
Spanish tax agency to send over 328K notices to crypto holders
According to fiscal authority, the number of potential taxpayers who failed to declare their crypto assets rose by 40% in a year. Own this piece of history Collect this article as an NFTThe State Tax Administration Agency of the Government of Spain (AEAT) increases its efforts to charge the local holders of crypto assets. The…
Texas Regulator Issues Cease and Desist Order to Crypto Investment Firm FxBitGlobe
An official notice from Texas State Securities Board, dated April 9, shows that the regulator has issued an emergency cease and desist order against cryptocurrency and foreign currency trading platform FxBitGlobe.According to the order, the firm, which markets itself as an investment company, reportedly published forged government documents, used a fake address and falsely claimed…
US gov attorneys to target individuals and gatekeepers for crypto prosecutions
Major regulatory agencies plan to work harder to prosecute individuals and companies that have had dodgy dealings with digital assets. 420 Total views 3 Total shares A group of high-level U.S. government attorneys has oulined their priorities for the enforcement and prosecution of individuals and companies that have committed crypto-related crimes.Enforcement officials from the U.S.…
Bitcoin inscriptions added to US National Vulnerability Database
The United States National Vulnerability Database (NVD) flagged Bitcoin’s inscriptions as a cybersecurity risk on Dec. 9. 431 Total views 2 Total shares The National Vulnerability Database (NVD) flagged Bitcoin’s inscriptions as a cybersecurity risk on Dec. 9, calling attention to the security flaw that enabled the development of the Ordinals Protocol in 2022.According to
Bitcoin price falls under $30K as macro and regulatory worries take center stage
Multiple data points point to Bitcoin price falling below $29,000 in the short term. Yes, you read that right. Let’s investigate the main issues contributing to the current downside in Bitcoin price.Bitcoin (BTC) encountered difficulties breaking above $31,800 on July 13, resulting in a 6.3% correction down to $29,700 on July 17. The price action could…