A cryptocurrency investor who goes by the username “Sell When Over” on X recently reported a staggering loss of $800,000. The investor initially noticed a loss of $500,000 from various wallet applications and suspected that they had fallen victim to a cyber attack through their Google Chrome browser. The user raised the alarm on X,
admin
In today’s volatile cryptocurrency market, Solana meme coins are making significant gains, with SLOTH being the latest standout. While Bitcoin and Ethereum have seen modest increases of 4% and 7%, respectively, Solana’s value has only risen by 1.7% in the last 24 hours. Despite this, meme coins on the Solana network like DogWifHat, Bonk, BOOK
Recently, the Swedish tax authority, Skatteverket, made a significant ruling regarding the Value-Added Tax (VAT) treatment of NFTs. The decision was a response to the growing economic importance and interest in NFTs in the digital realm. According to the ruling, the standard 25 percent tax rate applies to NFTs related to digital works. The ruling
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in terms of attracting new users within the blockchain space. A recent report by Flipside highlighted the significant growth in user adoption for these platforms compared to other EVM chains. This analysis sheds light on the
The recent data from Cardano’s weekly development report indicates that the network has processed a total of 88.6 million transactions to date. This milestone is significant as it demonstrates the sustained network activity that could potentially have a positive impact on ADA’s price. One of the criticisms Cardano has faced in the past is being
The disconnect between policymakers and technology has led to a situation where regulations often overlook crucial aspects of emerging technologies such as blockchain and AI. Senator Cynthia Lummis has recognized the importance of innovation in the financial sector and introduced the Digital Asset Innovation Act to address these concerns. However, the approach taken by the
Bitcoin set a new all-time high price of $73,750 at the beginning of 2024, marking an incredible 73% gain in the first quarter of the year. Despite a subsequent decline in the value, the biggest stakeholders in Bitcoin have shown a consistent trend of accumulation throughout the first three months of the year. This accumulation
The Bitcoin halving event occurs approximately every four years and is designed to slow down the production of new BTC. By doing so, the goal is to ensure that the final BTC will be mined over a span of more than a hundred years. With over 19.6 million Bitcoins already in circulation, the reduction in
The world of cryptocurrency is constantly evolving, with new meme coins emerging as potential investment opportunities. Dogecoin (DOGE) may remain the undisputed king of the meme coins, but investors are now turning their attention to an exciting new player in the market – Sponge (SPONGE). With the potential for significant returns, Sponge is gaining popularity
FTX’s recent decision to sell its Solana holdings at a significant discount to crypto venture firms has not been well-received by its creditors. The move to offload 30 million SOL at a rate of $64 each, to VC firms like Pantera Capital and Galaxy Trading, represents a substantial 62% markdown from the current market price