Tag Archives: crypto

Vitalik Buterin, co-founder of Ethereum, took to social media platform X to commend Celo’s growth. The blockchain network recently outpaced Tron in daily active addresses for stablecoin usage. Celo’s Growth In his post, Buterin expressed enthusiasm for the achievements, stating: “This is amazing to see. Improving worldwide access to basic payments and finance has always been a key way that Ethereum can be good for the world, and it’s great to see Celo getting traction.” At...

New Zealand Implements OECD Crypto Reporting Rules to Enhance Tax Compliance. Non-compliance penalties include fines up to $6,200 for providers and $621 for users. On August 26, 2024, New Zealand’s Minister of Revenue, Simon Watts, proposed a significant legislation amendment to improve transparency in cryptocurrency transactions. The “Taxation Annual Rates for 2024-25, Emergency Response, and Remedial Measures” Bill, which includes the OECD’s Crypto-Asset Reporting Framework (CARF) and...

Shiba Inu released ShibTorch, a burn gateway that depletes SHIB supplies. ShibTorch incorporates EIP-1559 features to manage transaction fees and trigger burns. The long-awaited ShibTorch burn portal has been opened to the public on Shibarium, marking a huge milestone for the Shiba Inu ecosystem. ShibTorch, which was announced on Shibarium’s official X account, is currently online and promises to regulate SHIB’s circulating supply through community-driven burns. ShibTorch is designed to burn...

MetaMask Card enables direct crypto spending via Mastercard, streamlining transactions. Initial rollout is limited to the EU and UK, with plans for broader global expansion. MetaMask, a widely used Ethereum wallet and gateway to the decentralized web bridges the gap between blockchain technology and daily transactions. Is now teaming up with Mastercard and Baanx to launch the MetaMask Card, the first-ever debit card which enables users to spend cryptocurrency directly from their MetaMask...

Trump’s chat with Musk skipped crypto, defying big bets on Polymarket. Bitcoin’s omission from the interview reflects persistent cryptocurrency uncertainty. Former President Donald Trump’s interview with X CEO Elon Musk, which drew over a million listeners, had no mention of bitcoin (BTC) or cryptocurrency. The two-hour talk touched on issues such as illegal immigration, the economy, artificial intelligence, and global warming. The interview was delayed by 45 minutes owing to what Musk said...

Tornado Cash founders face serious legal challenges and regulatory scrutiny. OKX has issued strict instructions to users regarding interacting with Tornado Cash due to regulatory risks. Tornado Cash, a decentralized cryptocurrency mixer known for maintaining asset tracks, is facing increased regulatory scrutiny. U.S. Treasury penalties and legal actions against its inventors have brought attention to the technology, which is frequently used to conceal illegal operations. As the legal battle...

True friends are said to reveal themselves when you’re in need, especially when it comes to financial support. Many people tend to wear masks, but it’s during times of genuine need, like requiring financial assistance, that their true colors emerge. However, if you’d rather not find yourself in the position of asking friends for money and uncovering their true nature, there’s another option – making a new friend who can provide the financial help you need. Enter HugeWin, a platform that...

Sygnum granted capital markets services (CMS) licence for asset management in Singapore Sygnum today announces a major addition to its institutional crypto sector indices product portfolio – the Sygnum Crypto Multisector Index Linked Certificate (ILC). Exploring crypto investments beyond Layer 1 The Sygnum Crypto Multisector Index Linked Certificate is designed to give professional and institutional investors broad and intelligent exposure to the...

President Donald Trump holds crypto. According to a financial disclosure released in July, Trump holds anywhere between $250K and $500K in Ethereum-based assets in a crypto wallet. Donald Trump is a Crypto Holder, Allegedly The news is interesting because many people likely remember in 2019 when Trump openly spoke ill of digital currencies like bitcoin. During that period, he stated: I am not a fan of bitcoin and other cryptocurrencies, which are not money, and...

Internet influencer Lil Tay was announced as dead in an Instagram post that later turned out to be false. This has only deepened the crypto mystery that now surrounds the hoax. Lil Tay and Crypto… A Web of Oddities? In mid-August, a post on the Instagram page of Lil Tay said the 14-year-old and her brother had passed away. However, Lil Tay eventually went onto her page and commented that her account had been hacked, and that she and her family member were still...