The recent developments in the case of the detained Binance executive, Tigran Gambaryan, have raised significant concerns and generated public interest. The Nigerian High Court in Abuja has taken a strict stance by ordering Gambaryan to be remanded in prison until his bail hearing on April 18, following his not guilty plea to money laundering
Recently, cryptocurrency analyst Michael Van De Poppe made waves with his prediction that Bitcoin could reach $300,000 in the current bull cycle. This forecast comes at a time when Bitcoin has been consolidating around the $73,000 mark, unable to sustain further growth. However, Poppe remains optimistic about Bitcoin’s short-term prospects, especially with the upcoming Bitcoin
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,
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