In a notable move aimed at streamlining its operations, Binance has announced a significant consolidation of its offering by converting specific holdings of delisted cryptocurrencies into USDC (a stablecoin tied to the US dollar) by April 28, 2025. This measure comes alongside the removal of the Turkish language option from the platform, a decision that
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In a significant policy shift, the United Arab Emirates (UAE) has announced the exemption of all cryptocurrency transactions from the 5% value-added tax (VAT) that was previously applicable. This change, set to take effect on November 15, 2024, is part of amendments to the Executive Regulation of the Federal Decree Law on VAT, which aims
On October 7, Bitget exchange’s native token, BGB, experienced a dramatic drop from $1.15 to as low as $0.5344 within a short span of ten minutes. This unprecedented volatility raised eyebrows among traders and investors as the sudden fluctuation brought about a wave of uncertainty in the market. Although BGB partially recovered shortly after its
In recent years, the intersection of blockchain technology and gaming has led to the emergence of new, dynamic ecosystems, with Solana at the forefront. Recognized for its rapid transaction speeds and minimal fees, Solana is transforming the gaming landscape by integrating Web3 concepts such as play-to-earn mechanics, NFTs (non-fungible tokens), and decentralized economies into its
The landscape of cryptocurrency trading remains fraught with volatility, and Bitcoin’s recent performance illustrates the challenges it faces. Currently, Bitcoin has not been able to recapture its position above the critical 200-day moving average—a benchmark that many investors watch closely. Failure to recapture this support could imply an impending drop in price, with some analysts
In the ever-evolving landscape of digital assets, the recent week has showcased a blend of challenges and opportunities for investors. Reports indicate a slight net outflow of $147 million from digital asset investment products, largely attributed to unexpected positive economic indicators. These developments have tempered market expectations for significant interest rate cuts, impacting decision-making among
In the rapidly evolving world of cryptocurrency, the allure of celebrity endorsements has proven to be a double-edged sword. Recently, rapper Cardi B, whose real name is Belcalis Marlenis Almanzar, found herself at the center of a controversy surrounding a new meme coin called $WAP, prompting both excitement and skepticism within the crypto community. This
Scott Matherson stands out in the burgeoning realm of cryptocurrency journalism as a prominent writer at NewsBTC. With an innate ability to analogize intricate market dynamics, Matherson effectively distills critical updates regarding technological innovations and regulatory changes into formats that are easily digestible for a broad audience. His journey through the crypto world has been
The landscape of cryptocurrency has been marred by a significant backlash against privacy tokens, with a staggering 60 delistings reported by centralized exchanges in 2023 alone, marking the highest level since 2021. According to a comprehensive report by Kaiko, notable cryptocurrencies such as Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash
In a groundbreaking shift within the sports sponsorship sector, Premier League (PL) clubs are stepping into the cryptocurrency arena, having secured an astonishing $170 million in sponsorship agreements with crypto firms for the upcoming 2024/25 season. This strategic pivot comes at a time when these clubs are grappling with increasingly stringent regulations concerning gambling advertisements,