Etherscan data shows 18.8 million SHIB tokens have been burned
The Shiba Inu community is working to reduce the massive supply of the meme coin. Over the past months, the SHIB community has been burning tokens, but the supply is…
CoinGecko report shows Canadian investors are not interested in meme coins
Cryptocurrencies are trending in Canada, as per a recent report released by CoinGecko. However, unlike the trend in other countries, Canadian investors have shown less interest in meme coins. The…
Venezuela passes new tax for crypto and foreign currency investments
The global crypto regulatory framework has significantly evolved, and this has largely been attributed to the increased rate of adoption. As one of the largest crypto economies globally, Venezuela has…
Tether responds to CoinDesk’s involvement in ongoing case
Tether has given its official response to CoinDesk’s involvement in the ongoing case between the stablecoin issuer and the New York Attorney General. The news outlet joined the legal proceedings…
Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature…
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned…
Shaktiio: the Anti-Liquidation Protocol for Crypto-Backed Loans
PRESS RELEASE. Based on the Anti-liquidation protocol, Shaktiio develops a liquidation protection programme for CeFi lending platforms. The anti-liquidation protocol aids the stability of the bitcoin market by preventing it…
Saudi Princess Reem Al Faisal Launches ‘First’ Saudi NFT Collection
Reem Al Faisal, the photography-loving Saudi Arabian princess, recently announced the launch of her first Saudi non-fungible token (NFT) collection on Opensea and an art gallery in the metaverse. Photography…
Lucky Block to List on LBank, Prize Pool Tops $1 million, Price Rises
In an announcement on its website Hong Kong-based LBank exchange, with more than $1 billion in daily trading volume, says it will shortly be listing the Lucky Block token, LBLOCK.…
Decentralized autonomous organizations: Tax considerations
Much has been said about the legal implications of DAOs, but little attention has been paid to the tax and reporting considerations for DAOs and their token holders. A decentralized…
Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’
The leading NFT game announced an update that would effectively slash the creation of its native Smooth Love Potion tokens by 56%. The price of the Axie Infinity (AXS) token…
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have…
Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone, announced the return of Rolling Stone Live. According to the publication, the Rolling…
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture…
US Treasury targets NFTs for potential high-value art money laundering
The Department of the Treasury suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering. The U.S.…