European Union Embraces New Crypto Regulations for Tax Reporting.
DAC8 mandates that crypto exchanges declare their clients’ holdings to tax authorities. The paper will be published in the Official Journal of the European Union.The crypto community witnessed the official…
Shiba Inu Partner Bad Idea AI Rolls Out Major App Upgrade
Bad Idea AI, a project affiliated with Shiba Inu, released a major 2.0 upgrade for its chatbot application with key enhancements. BAD aims to merge AI, blockchain, and decentralized organizations…
UK Is Now Top Crypto Economy in Europe And Third Largest Globally.
The UK is the largest cryptocurrency economy in Central, Northern, and Western Europe (CNWE).In 2023, the UK was the third largest cryptocurrency economy globally in terms of on-chain transaction volume,…
Binance US. Recently Terminated USD Withdrawal for Users
Users cannot withdraw USD without first converting it to stablecoins or another digital asset. Binance US notified users of the update via email and provided detailed instructions.Binance US has implemented…
BTC Continues to Surge in Hopes of Bitcoin ETF. Will it Cross $30,000?
Bitcoin (BTC) price surged from $28,189 to $28,793.CryptoQuant says the approval of spot Bitcoin ETFs will make Bitcoin a $900B asset. Bitcoin (BTC) prices exhibit a sudden rally following the…
Hamas-Linked Terror Group Use Russian Exchange ‘Garantex’ To Move Funds For Terror Planning and Attack.
Despite US sanctions, Garantex, a Russian cryptocurrency exchange, continues to serve criminal gangs, wealthy Russian citizens, and a Hamas-linked terrorist group. According to Source: The Wall Street Journal The Wall…
Elon Musk’s X (formerly Twitter) is testing an annual fee for unverified users accounts.
After Elon Musk hinted last month that X could start charging all users, the company (formerly known as Twitter) announced a test of such a system. X said in a…
MOON, BRICK & DONUT Fall As Reddit Discontinues Community Points.
Reddit discontinued the Community Points program, citing regulatory issues.Moons (MOON), the native token of r/cryptocurrency, reaches an all-time low value.Reddit is discontinuing its Community Points program, a blockchain-based initiative aimed…
Security Breach Hits Fantom Foundation; Resulting in $657k Theft
The foundation’s significant assets were safe and sound since they were kept in cold wallets. CertiK, a blockchain security auditing organization, has verified the hack. The Fantom Foundation is dealing…
Flare Teams Up With Web3Auth to Redefine Web3 Apps Login Experience.
A new cooperation between Web3Auth, the top wallet-as-a-service (WaaS) infrastructure provider, and blockchain for data, Flare, has been revealed. This will make it easier for users to access Web3 applications…