In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a report by local media Yonhap News Agency, the Gyeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders by using...Read More
Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday, in a bid to go public on the New York Stock Exchange (NYSE). The filing revealed that the company has invested some of its “excess cash reserves” into multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). According...Read More
Aave, the popular decentralized lending platform belonging to the company now known as Avara, will have to look for a new company to provide risk management services following its recently announced split with Gauntlet. The decision was announced by Gauntlet co-founder John Morrow on the AAVE forums yesterday evening. Running The Gauntlet According to Morrow,...Read More
Tech-focused venture giant Andreessen Horowitz (a16z) has invested $100 million in the Ethereum-based EigenLayer, suggesting that VC funding in crypto may be on course for a revival. As reported by Bloomberg on Thursday, a16z was the sole backer of the funding round, which marks the largest investment ever received in EigenLayer by a wide margin....Read More
Vitalik Buterin, the co-founder of Ethereum, recently expressed skepticism regarding the prevailing notion of prioritizing simplicity in Layer 1 (L1) blockchains over Layer 2 (L2) solutions. Buterin disclosed that his confidence in simplifying L1s at the expense of more intricate L2s has diminished significantly over the past five years. Bug Risks in L2 Networks Buterin...Read More
[PRESS RELEASE – London, United Kingdom, February 22nd, 2024] Optimism, Gitcoin and ENS DAO Adopt Token Streaming Protocol For Grant and Hackathon Payments Superfluid, the leading asset streaming protocol that brings subscriptions, salaries and rewards to DAOs and crypto-native businesses, today announced a $5.1M strategic round led by Fabric Ventures with participation from Multicoin Capital,...Read More
The cryptocurrency market has displayed a massive uptrend in its valuation today, with major altcoins adding significant value to their valuation. The Worldcoin price has added approximately 40% within the past 24 hours, making it one of the top gainers of the day in the crypto space. Worldcoin (WLD) Price On A Path To Test...Read More
[PRESS RELEASE – BVI, British Virgin Islands, February 22nd, 2024] Bebop, a leading spot trading platform in DeFi, has released major updates to its web app and API suite, expanded to BNB Chain, and is rapidly expanding across other L1 and L2 ecosystems. Bebop Router: Unparalleled Quality of Execution The API suite now offers the...Read More
[PRESS RELEASE – Tel Aviv, Israel, February 22nd, 2024] dWallet Labs today announced the Testnet launch of dWallet Network – a first-of-its-kind composable modular signature network. The dWallet Network introduces a new primitive for multi-chain collaboration in web3 — dWallets — a noncollusive and massively decentralized signing mechanism that can be used as a building...Read More
Bitcoin kicks off the new year with a bang, soaring to a new high of $46,000. But here’s the real kicker – 2024 is not just any year; it’s a year of monumental events that have the entire market buzzing with anticipation. While many analysts are throwing around bold predictions, some even predicted that the...Read More
Greg Solano, widely known by his pseudonym “Garga” and co-founder of Yuga Labs, has announced that he will take over as CEO. This announcement comes as Daniel Alegre, former COO of Activision Blizzard and CEO of Yuga Labs, steps down after a tenure of approximately ten months. Crypto-Native Focus The leadership transition was revealed through...Read More
Coinbase is advocating for the Securities and Exchange Commission (SEC) to approve the listing of the Grayscale Ethereum Trust for trading. In a letter submitted in response to a proposed rule change by NYSE Arca, Coinbase expressed strong support for the listing and trading of Grayscale Ethereum Trust (ETHE) shares as an Ethereum Exchange-Traded Fund...Read More
Speaking on CNBC’s Squawk Box on Feb. 21, the American entrepreneur said he thinks Bitcoin prices will reach $150,000 this year. Lee cited three reasons for his bold price prediction, which would involve the asset moving 190% higher than current levels. “You have demand improving with the new ETFs, you have supply shrinking with the...Read More
Michael Saylor, the co-founder and executive chairman of business intelligence firm MicroStrategy, has revealed that he and the company he spearheaded until recently would be buying Bitcoin (BTC) forever, doubling down on his stance as an advocate of the leading digital asset. During an interview with Bloomberg on Tuesday, the MicroStrategy former CEO said he...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.) We are all speculators. Every instant we exist in this universe is filled with uncertainty. In our attempt to...Read More
In a recent development reported by the Wall Street Journal on February 22, 2024, the court in Montenegro has ruled that the infamous cryptocurrency entrepreneur Do Kwon should be extradited to the U.S. to face trial on fraud charges, rejecting his native South Korea as the extradition location. The High Court in Podgorica, Montenegro, delivered...Read More
