Shaquille O’Neal, the legendary basketball player, is currently facing a class-action lawsuit in connection with his involvement with the Astrals NFT project. The lawsuit accuses Astrals of promoting unregistered securities, and the court has ruled that O’Neal could be classified as a ‘seller’ of Astral NFTs, holding him accountable as the case progresses. However, the
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The cryptocurrency market has been a tough terrain lately, and Ethereum (ETH) seems to be caught in the storm. Despite being the second-largest cryptocurrency by market capitalization, ETH has been facing a slew of challenges. Crypto analyst Ali Martinez pointed out that some of the biggest Ethereum whales, holding more than 10,000 ETH each, have
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The Democratic National Committee recently released its 2024 Party Platform, outlining their priorities for the upcoming election. Surprisingly, the platform did not mention anything about Bitcoin, cryptocurrency, or blockchain. Instead, it focused on issues like affordable housing and climate change. One of the key points was the proposal to tax investment income at the same
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The Nigerian Federal Inland Revenue Service (FIRS) is gearing up to introduce new legislation to tax the rapidly growing cryptocurrency sector in the country. This move is seen as a significant step towards modernizing Nigeria’s regulatory framework and fostering economic growth through innovation. FIRS Executive Chairman Zacch Adedeji recently made the announcement during a session
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Intersect, the organization responsible for overseeing the development of the Cardano blockchain, has recently issued an urgent call for decentralized application projects on the blockchain to expedite their preparations for Chang Upgrade #1. This call to action aims to ensure the successful implementation of the upcoming upgrade and highlights the importance of swift adaptation by
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