The International Monetary Fund (IMF) has turned its attention to the world of cryptocurrencies, shedding light on the challenges and potential benefits associated with crypto taxation. Quick facts: In a recent working paper, the IMF acknowledged that governments have yet to fully address the taxation of cryptocurrencies, leaving significant amounts of potential tax revenue untapped. … Read more
Kyle Davies, the co-founder of the bankrupt hedge fund firm Three Arrow Capital (3AC), has announced his intention to donate future earnings from his new venture, Open Exchange (OPNX), to the creditors of 3AC. Quick facts: The move comes in the aftermath of the collapse of 3AC and the subsequent bankruptcy filings by several crypto … Read more
Bitcoin (BTC), the world’s leading cryptocurrency, experienced a remarkable surge in price following the news of BlackRock’s resubmission of its application for a Bitcoin spot market exchange-traded fund (ETF). Quick facts: BlackRock, the world’s largest asset manager, has refiled its application for a Bitcoin spot market ETF after the Securities and Exchange Commission (SEC) raised … Read more
In a bid to enhance consumer protection and strengthen regulatory oversight in the cryptocurrency sector, Singapore has introduced stringent measures that prohibit lending and staking services on crypto exchanges. Quick facts: As reported by Bloomberg, Singapore’s Monetary Authority of Singapore (MAS), the country’s financial regulator, is taking proactive steps to safeguard crypto consumers and further … Read more
In the rapidly expanding world of cryptocurrencies, Shiba Inu (SHIB) has emerged as one of the most popular meme coins, capturing the attention of investors and enthusiasts alike. Quick facts: While the meme coin’s price recovery has been slower than anticipated, experts are maintaining an optimistic outlook for SHIB, predicting promising prospects and a potential … Read more
Poly Network, a prominent cross-chain bridge platform, finds itself in turmoil once again as it grapples with the aftermath of a colossal hack that resulted in the creation of billions of tokens. Quick facts: Attackers compromised the platform’s private keys, enabling them to exploit a vulnerability and issue tokens across multiple chains. As a result, … Read more
In a move to rectify a perceived rug pull, AzukiDAO has successfully passed a proposal to reclaim 20,000 ETH from Azuki founder Zagabond. AzukiDAO has taken decisive steps to tackle the issue head-on, opting to hire a lawyer and pursue a legal case against Zagabond. Quick facts: The decentralized autonomous organization (DAO) initiated the proposal, which … Read more
MicroStrategy, the leading business intelligence firm headed by Michael Saylor, has further strengthened its position in the world of cryptocurrency by acquiring Bitcoin worth a staggering $347 million. This latest purchase marks a significant milestone in MicroStrategy’s ongoing efforts to expand its crypto holdings. Quick facts: The company’s commitment to Bitcoin is evident in its … Read more
Israeli security agencies have successfully exposed a route for financing terrorism through digital currencies. The operation, a first of its kind, led to the seizure of $1.7 million from crypto accounts linked to Iran’s Quds Force and the Hezbollah terrorist organization. Quick facts: The meticulous operation was made possible through the use of innovative blockchain … Read more
In a move that further validates the growing interest in cryptocurrency, asset manager Fidelity is set to file for a spot Bitcoin exchange-traded fund (ETF). Joining the ranks of other major players in the financial industry, Fidelity’s decision underscores the increasing demand for regulated investment vehicles tied to digital assets. Quick facts: According to a … Read more