In a move signaling its commitment to enhancing user experience in the cryptocurrency landscape, Bitget Wallet has announced a transformative strategy targeting decentralized finance (DeFi) and financial applications (PayFi). Beginning January 2025, the platform will enable gas payments across various blockchains using its native BGB token as part of the innovative GetGas feature. This development
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have recently introduced final regulations pertaining to digital asset service providers, particularly targeting the emerging decentralized finance (DeFi) sector. This new framework mandates compliance measures, including the controversial Know-Your-Customer (KYC) procedures, fundamentally altering the operational landscape for brokers in digital assets. The implications
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Animoca Brands, a prominent player in the blockchain gaming industry, faced a significant security breach when Yat Siu, co-founder and chair, fell victim to a hacking incident. His X account was compromised, leading to the dissemination of false information regarding a cryptocurrency token named after the company. This case highlights the increasing vulnerability of digital
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The world of Non-Fungible Tokens (NFTs) has seen explosive growth in the past few years, evolving from a niche interest within the blockchain community to a sprawling marketplace brimming with digital art, collectibles, and virtual assets. With some NFTs fetching astonishing prices while others fade into obscurity, the volatility of this environment has prompted creators
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In a significant development within the cryptocurrency industry, SBI VC Trade, a subsidiary of the renowned Japanese financial conglomerate SBI Holdings, is set to acquire the accounts and assets of DMM Bitcoin. This transition is scheduled for March 8, 2025, marking the end of the liquidation process for DMM Bitcoin, which had suffered a catastrophic
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Shiba Inu (SHIB), often referred to as a meme coin that surged in popularity alongside Dogecoin, is making a significant stride into the digital realm with its newly unveiled project, “SHIB: The Metaverse.” Launching in a moment when the virtual landscape is rapidly evolving, Shiba Inu aims to position itself as a pioneering force beyond
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In the ever-evolving world of cryptocurrency, Bitcoin has taken center stage as traders and analysts eagerly watch its price movements. Industry specialists are voicing optimism regarding Bitcoin’s trajectory, specifically as it approaches and seeks to breach the psychologically significant mark of $100,000. According to recognized crypto analyst Trade PSH, the timeframes and milestones to watch
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