Shiba Inu Burn Rate Turns Negative Despite Promising Developments.
There has been just one transaction of one million SHIB to a dead wallet.On April 27, 2023, it was announced that no Shiba Inu coins had been burned.The rising uncertainty…
Total Number of Inscriptions Thru Bitcoin Ordinal Surpasses 2.5 Million.
The daily record for new inscriptions was broken no less than four times in April.Also, the volume of Bitcoin transactions is at or near all-time highs.Saturday was the biggest day…
Indian Investor Committed Suicide After Losing Money on Bitcoin (Report)
The man’s body was found floating in a river ten days after he had gone missing.A 49-year-old resident of Kolkata, India, reportedly drowned in the Hooghly River. The primary autopsy…
UK Treasury Will Consult on DeFi Taxation: Report.
The proposed regulatory changes aim to reduce the “administrative burden” for taxpayers.The United Kingdom is gearing up for tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. The…
Jack Dorsey’s Block Develops High-Performance Bitcoin Mining ASIC.
On April 28, 2023, the corporation updated its website with the news.Earlier in March, Intel said it would no longer manufacture Bitcoin mining ASICs.The prototype design of a high-performance Bitcoin…
The De-Dollarization is Happening Fast: Circle CEO.
The SVB collapse that briefly caused USDC to de-peg from the dollar has only shaken confidence in the banking system, says Circle’s CEO.Jeremy Allaire, CEO of stablecoin giant Circle, spoke…
Russia Discusses BRICS Expansion As 19 Countries Express Interest Formerly and another Six Countries informally.
Regular discussions are being held between Russia and other BRICS member nations regarding the expansion of the economic group.South Africa’s ambassador to the BRICS group revealed that 19 countries have…
PayPal’s Venmo To Introduce Crypto Transfers In May.
Venmo is yet to introduce crypto payment in early May 2023.Recently, MetaMask users are allowed in PayPal for crypto purchasesVenmo, a digital payment service in the U.S. has come up…
Revolut Partners With Koinly to Integrate Automated Tax Reporting Services.
Tax filings for crypto transactions will be automatically synced with Koinly. The agreement has been in the works since the beginning of 2023.With the cryptocurrency sector coming under the scrutiny…
First Republic Bank is Set to Be Taken Over by the US Government.
First Republic Bank shares lost around 96% in 2023.The US government is in urgent talks about the rescue deal.Before the US market could recover completely from the bank collapse, another…