Binance CEO CZ Warns Justin Sun of Potential Consequences.
Tron CEO Justin Sun made a deposit of 56.1 million TUSD to Binance.Binance CEO, CZ issued a Twitter warning to Justin Sun.On Monday, Changpeng “CZ” Zhao, the CEO of Binance,…
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…
Bitcoin Mining Firm Bitfarms Achieves New All-time High Hashrate.
A hashrate of 5 exahash per second was reached on Thursday.The company attributes the record high to increased output from its Argentina farm.Bitfarms, a firm that mines for Bitcoin has…
Chainlink Releases New Node Software V2 Boosting Working Efficiency.
The latest update will help configure and maintain nodes in a simpler manner.V2 aims at improving node operators’ ability to run their operations efficiently.Decentralized oracle service provider Chainlink (LINK) has…
Venmo Allows 60M Users Transferring Litecoin & Other Cryptos.
Venmo expands crypto options for 60M customers.Helps in Litecoin transfer between the Venmo platform and other crypto wallets.Paypal and Venmo only offer 4 cryptocurrencies, including Litecoin.The 60 million users of…
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…
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…
UK Tax Authority Proposes Major Changes to DeFi Lending and Staking
The UK Tax Authority is currently working on significant changes to how they tax DeFi lending and staking.There have been rumblings in the UK about introducing new tax restrictions related…
Binance Announces Addition of DOGE/TUSD Trading Pair.
Dogecoin is now available on Binance alongside the USDT and BUSD trading pairs.The TUSD trading pair for Dogecoin will be live on April 27.On Thursday, the biggest cryptocurrency exchange in…
Floki Partners with Binance Charity to Support Victims of the Turkish Earthquake.
Floki partners with the Binance Charity to help victims of the Turkish earthquake.Floki raised 49.75 ETH from the sale of Turkish earthquake relief NFT.Floki, the popular memecoin, has partnered with…