A new bill introduced to the New York Senate seeks to make certain cryptocurrencies a legal form of payment for state agencies. This would include accepting crypto as payment for civil penalties, fines, taxes, and other fees charged by the state. As detailed in the legislation set forth on Thursday, accepted cryptocurrencies would include Bitcoin,...Read More
The popular on-chain sleuth ZachXBT recently called out two growing Twitter accounts for perpetrating multiple NFT-related scams over the past month. The analyst explained the timeline of events on Friday, including their sudden rise to prominence and the rug pulls they’ve managed to pull off. Calling Out the Scammers As outlined in the analyst’s Twitter...Read More
The United States Securities and Exchange Commission (SEC) rejected the joint effort of Ark Investment Management and 21Shares to list a spot Bitcoin ETF on the Cboe BZX Exchange. The agency dismissed another application filed by the partners in the spring of 2022. As indicated in a recent filing, the American financial regulator did not...Read More
Bitcoin payment and wallet company Strike has partnered with fintech giant Fiserv to integrate Bitcoin’s lightning network with the point-of-sale terminal provider, Clover. This will allow certain Clover merchants to accept lightning payments, expanding Bitcoin’s use case as a medium of exchange. Dollars Over Lightning As explained by Strike CEO Jack Mallers over Twitter on...Read More
More troubles for South Korean crypto exchange Bithumb brews as its offices were reportedly raided on Thursday. Authorities launched an investigation into potential price manipulation of a coin listed on the platform, according to a report by Yonhap. The token in question has not been revealed. Prosecutors said they are probing transactions linked to a...Read More
[PRESS RELEASE – Dubai, UAE, 26th January 2023] Flare is pleased to announce an official partnership with blockchain security specialist FYEO. The firm will perform ongoing security audits of Flare’s codebases, providing actionable feedback to support safer smart contract development and help to minimize risk for all users of the network. Rigorous professional auditing and...Read More
Back in 2017, the SEC released Report 21A, better known as the DAO Report. In it, the agency laid out the reasons why the tokens of most DAOs, Polkadot included, should be considered securities. The paper, however, stated that there were steps development teams could take in order to make their projects not function as...Read More
As the foundations for a significant rebound have emerged, the markets appear to have stuck in some crucial levels. However, Bitcoin prices appear to be hovering close to $23,000, displaying huge possibilities of rising beyond the levels soon. Besides, the XRP price appears to inculcate an independent price action as the trends await the bullish...Read More
Floki Inu developers contemplate burning nearly 5 trillion FLOKI tokens (worth almost $55 million) to reduce the tax applied on each transaction. FLOKI’s price reacted positively, surging 15% in a few hours. The team behind the popular memecoin Floki Inu might burn its bridge tokens (4.97 trillion assets) and thus shrink the tax levied on each...Read More
After witnessing dreadful days in 2022 fueled by multiple fallouts and bankruptcies, the crypto space now appears to have ignited a strong recovery phase. Bitcoin price appears to have gained significant strength while the altcoins also seem to be poised to lead a magnificent run in the coming days. Hence, much prior to the Altseason...Read More
FTX asked a judge if they could question the family under oath about their wealth and personal fortunes, according to a court filing. Sam Bankman-Fried’s closest relations and a handful of company executives are still in the spotlight as the firm continues to hunt for hidden assets to repay creditors, reported Bloomberg on Jan. 26....Read More
Amazon is reportedly working on a digital assets company that will power an NFT marketplace this spring. According to sources interviewed by the media outlet Blockworks, the retail giant has been buying digital collectibles companies from various players in the crypto ecosystem to power its new venture. So far, Amazon has invested in layer-1 blockchains...Read More
Crypto exchange Deribit is planning to move its main headquarters to Dubai as soon as the third quarter of this year. The Bloomberg report suggests that the new office will be staffed by a team of 10 people comprising both domestic hires alongside the exchange’s core employees. Roles in management, compliance, and support will be...Read More
