Nigerian Court Sets Binance Tax Evasion Case for October.
A Nigerian Federal High Court has fixed October 11 as the date to announce its decision on the tax evasion case against the cryptocurrency exchange, Binance. The company is accused…
Judge Criticizes Coinbase’s Attempt to Subpoena SEC Chair Gary Gensler
Judge Katherine Polk Failla remains unconvinced by Coinbase’s request to subpoena SEC Chair Gary Gensler’s personal communications. In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s…
House Fails to Overturn Biden’s Veto on Crypto Custody Guidance, SEC Offers New Path.
The United States House of Representatives has failed to overturn President Biden’s veto of a measure that would have nullified SEC guidance on crypto custody services.The Security and Exchange Commission’s…
Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Share.
Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still…
Is Water Coin Endorsed By Messi A Scam or Legit?
Two popular football stars, Lionel Messi and Ronaldinho, recently endorsed the Solana-based memecoin, Water coin, which led to a surge in its value. On the other side, there’s a lot…
Senators Propose COPIED Act to Protect AI-Generated Content.
The COPIED Act mandates AI tool providers to watermark content, ensuring traceable origin details. A bipartisan group of U.S. senators, led by Washington Senator Maria Cantwell, introduced the Content Origin…
US lawmakers push for hostage designation in Binance exec’s detention in Nigeria.
Two U.S. congressmen have submitted a resolution to the House Committee on Foreign Affairs, urging the government to declare the detention of a Binance executive in Nigeria as a hostage…
German Government’s Bitcoin Holdings Drop 90% to 6394 BTC.
The transfer to anonymous addresses, particularly those ending in “139Po,” “guzr4j” and “bc1qu,” has raised speculation. The German government’s Bitcoin wallet now holds just 6,394 Bitcoin, reflecting a 90% decrease…
SEC Eases Crypto Accounting Rules For Banks and Brokerages.
The Securities and Exchange Commission (SEC) has paved the way for banks and brokerages to sidestep reporting their customers’ cryptocurrency holdings on balance sheets. This follows the SEC’s new guidance,…
MicroStrategy (MSTR) Pops 3% After Saylor Announces 10 For 1 Stock Split.
MicroStrategy will soon be far cheaper for smaller investors to gain exposure to. Shares in Bitcoin development firm MicroStrategy popped 3% on Thursday after the company’s executive chairman, Michael Saylor,…