Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” continues to express his optimism about Bitcoin, predicting a price level of $120,000 in the midst of plans by the BRICS alliance to introduce a gold-backed cryptocurrency. TLDR: In a recent tweet, Kiyosaki highlighted the potential adoption of a gold-backed digital currency by the BRICS … Read more
The Financial Conduct Authority (FCA) of the United Kingdom has launched a major crackdown on illegal cryptocurrency ATM machines in a bid to tackle illicit activities in the crypto space. Quick facts: The crackdown follows the FCA’s ultimatum issued on February 14, which required all crypto ATM operators in the UK to either comply with … Read more
Customers of Voyager Digital, the bankrupt crypto lender, have wasted no time in withdrawing their funds, resulting in a significant outflow of $250 million in crypto assets. Quick facts: After almost a year of suspended withdrawals and filing for Chapter 11 bankruptcy, Voyager Digital recently reopened its withdrawal service on June 23. Since then, investors … Read more
Bitcoin (BTC) whales, the influential investors with substantial Bitcoin holdings, are displaying unwavering confidence in the cryptocurrency, defying the current sideways price action. Quick facts: According to on-chain analytics firm Santiment, these whales have accumulated an additional 71,000 BTC in the past three weeks, valued at approximately $2.15 billion. The accumulation trend has emerged despite … Read more
Coinbase, one of the leading cryptocurrency exchanges, is facing serious allegations from the United States Securities and Exchange Commission (SEC). Quick facts: The SEC has countered Coinbase’s argument regarding the regulator’s jurisdiction to prosecute the crypto exchange by filing a response. The regulatory body claims that the exchange knowingly and deliberately violated securities laws. In … Read more
Multichain, a prominent cross-chain bridge platform, has been forced to suspend its services following a significant outflow of assets totaling a staggering $126 million. Quick facts: The sudden exodus has raised serious concerns and prompted Multichain to issue a warning to its users, advising them to refrain from utilizing its services until further notice. The … Read more
In a move to enhance transparency and address potential conflicts of interest, the Financial Services Commission (FSC) of South Korea has introduced regulations requiring its internal employees to report their crypto holdings. Quick facts: The new measures are part of the second phase of legislation aimed at strengthening oversight within the crypto market. In accordance … Read more
In a new development for the Aave protocol, a majority of Aave token holders have voted in favor of a governance proposal regarding the conversion of $3 million from the protocol’s treasury. Quick facts: The proposal, initiated on July 3rd, involves the conversion of 1,600 Ether (ETH) into wrapped staked Ether (wstETH) and rocket pool … Read more
BlackRock CEO Larry Fink has recently made headlines by recognizing Bitcoin’s emergence as the new “digital gold,” highlighting the transformative potential of the cryptocurrency. Quick facts: Fink’s change in perspective comes as BlackRock, the world’s largest asset manager, applies for a Bitcoin ETF, igniting institutional interest and driving Bitcoin’s price to new heights. In a … Read more
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