The Brazil Senate has approved new rules that will mandate locals to pay up to 15% tax on income generated from cryptocurrencies on offshore exchanges. According to a live recording from the Federal Senate, the new rule applies to crypto users with assets worth more than R$6,000 ($1,200) on all offshore exchanges. Brazilian Crypto Users...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) I want to start by apologizing to my Argentine compatriots: I won’t be sharing anything groundbreaking or revelatory, and this...Read More
The ProShares Bitcoin Strategy ETF (BITO) – the first bitcoin (BTC) ETF to launch in the United States – has topped a new record for assets under management (AUM) this week, now boasting nearly $1.5 billion in Bitcoin futures contracts. The record signals eagerness among institutions to gain exposure to BTC before approval of a...Read More
Trust Wallet, a leading self-custody and multi-chain wallet boasting over 70 million users, is experiencing issues with its Bitcoin nodes. The heightened transaction volume has reportedly led to instability among various node providers, causing technical difficulties for Trust Wallet users relying on these nodes for their Bitcoin transactions. Trust Wallet Experiences Bitcoin Node Issues According...Read More
Market analysts anticipate the US Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin ETFs in rapid succession. This has created a tense environment among applicants, particularly as the frontrunner stands to gain a significant first-mover advantage by attracting a substantial portion of everyday investors. As the race heats up, the traditional firms appear...Read More
As the market faces rising volatility, investors are preparing for a big month, with multiple projects set to initiate their token releases. This rise in token supply could lead to a temporary decline in the value of leading altcoins such as DYDX, 1INCH, and Aptos, among others. Over $800 Million To Hit The Altcoin Market...Read More
Amid efforts to reclaim over $46 million in stolen assets, DeFi platform Kyber Network has received a stunning ultimatum: forfeit total control of both the company and protocol, and all stakeholders will be made whole. Via-on chain messaging on Thursday, the platform’s anonymous hacker demanded “complete executive control over Kyber,” alongside temporary ownership and control...Read More
[PRESS RELEASE – Toronto, Canada, November 30th, 2023] @NFT Account Makes Resounding Return to Instagram After 22-months, pioneering entrepreneur returns with mission to strengthen and advance the resurgent realm of NFTs and digital collectibles The @NFT account, social media’s largest web3 community, has announced its triumphant return to Instagram after a 22-month hiatus. The account,...Read More
The bankrupt estate of FTX has made a bold move to challenge the United States Internal Revenue Service (IRS), seeking court approval to reduce a $24 billion claim against it to zero. According to FTX, this move is crucial to prevent the IRS claims from derailing the progression of its bankruptcy proceedings. FTX Seeks to...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, November 30th, 2023] Sui, the pioneering Layer 1 blockchain and smart contract platform created by the technology team that emerged from Meta’s Diem Blockchain project, has accelerated beyond expectations in just over six months since its mainnet launch, surpassing $150 million in Total Value Locked (TVL) according to...Read More
[PRESS RELEASE – Singapore, Singapore, November 30th, 2023] Partnership Accelerates Web3 Loyalty Across LATAM; Onboards ~1M New Users Across LATAM to Advanced Digital Engagement Programs. Moonbeam Network, a smart contract platform for building cross-chain connected applications, today announced its partnerships with DUX, a Web3 infrastructure provider, and Grupo RÃO, the largest Japanese food delivery service...Read More
MicroStrategy, the NASDAQ-listed business intelligence software giant that made waves over three years ago with its pro-Bitcoin strategy, has gone on another buying spree. The firm’s former CEO and founder – Michael Saylor – outlined the latest BTC purchase, which was worth nearly $600 million. Saylor asserted that the company he founded over three decades...Read More
Web3 Wallet Bitget has seamlessly integrated with TON (The Open Network), opening a gateway into Web3 for 12 million users. With the new integration, it’s now possible to effortlessly tap into the TON network, manage cryptocurrency portfolios, and partake in on-chain transactions. Expansion Strategy Beyond the integration, this strategic move aligns with Bitget Wallet’s vision...Read More
[PRESS RELEASE – Singapore, Singapore, November 30th, 2023] OKX’s Web3 Wallet is now integrated with Clearpool. This collaboration empowers thousands of OKX Web3 users to lend directly to institutions via Clearpool’s leading credit protocol. Through this partnership, OKX Web3 Wallet users gain access to market-leading, risk-adjusted lending opportunities, starting with Fasanara Digital’s borrower pool launched...Read More
A Bitcoin wallet address has sprung back to life after approximately four years of inactivity. The dormant whale transferred its entire stash of 3,623 BTC – worth around $136.94 million – to two new wallets. On-chain data suggest that the whale amassed 3,623 BTC worth almost $25 million between October 25, 2018, and December 31,...Read More
[PRESS RELEASE – Seoul, South Korea, November 30th, 2023] Asia’s largest decentralized AI ecosystem continues its push toward the democratization of AI. AI Network, Asia’s largest decentralized AI ecosystem, has achieved three straight sellouts in under three minutes of its recent Runo NFT drops. Runo NFTs entitle holders to provide GPU resources to AI Network’s...Read More
[PRESS RELEASE – Vilnius, Lithuania, November 30th, 2023] ProBit Global is excited to announce that DXC, the utility token of the DeXagon metaverse, is now listed and available for trading on the Top 20 crypto exchanges. DeXagon aims to develop a new virtual reality, one that transcends the limits of current VR and emerges as...Read More
On Nov. 30, blockchain security firm PeckShield reported that Florence Finance had been attacked. The protocol has reportedly lost $1.45 million in USDC in an attack called “address poisoning.” At the time of writing, there were very few details about the hack and nothing on the Florence Finance X (Twitter) feed or Telegram channel. #PeckShieldAlert...Read More
The troubled cryptocurrency exchange Zipmex has proposed repaying its creditors 3.35 cents per dollar for their initial claims as part of its restructuring efforts. People familiar with the matter told Bloomberg that the figure could rise to as much as 29.35 cents per dollar depending on recoveries made from the exchange’s amended restructuring plan as...Read More
