ApeCoin (APE) Hits Record Low Amid Market Struggles
ApeCoin is facing challenges just days after Yuga Labs held an invitation-only event.The token has fallen from its all-time high to its new low by a whopping 93%. With further…
IRS Demands a Slice of Staking Rewards Under New Tax Reform.
IRS Demands a Slice of Staking Rewards Under New Tax Reform DEFI NEWSEarnings in cash, kind, or via stakes are all included in the definition of “gross income.”Internal Revenue Service…
Sorare Now Accepts Fiat Payments for NFT Trading Cards.
The platform has licensing agreements with some of the greatest sports leagues in the world. Sorare announced that the need to pay only in ETH on the platform has been…
Bald (BALD) Memecoin Drops 90% Post 40,000% Rapid Surge.
The memecoin was launched on Coinbase’s base, the Ethereum layer-2 network.A few investors made 100,000% on very modest investments. In the evolving world of the crypto market, one memecoin has…
FTT Pumps 15% Amidst FTX Revival Plan
FTX.com, a previously defunct crypto exchange, has filed a Reorganization proposal with the U.S. Bankruptcy Court. The FTX.com restart would only be available to offshore customers.Following the announcement, FTT token…
Worldcoin Reveals Audit Results Amid Data Gathering Criticism.
Nethermind and Least Authority, two security consulting organizations, undertook the audit.Three problems were found by Least Authority, and six remedies were proposed.As criticism of Worldcoin’s data-gathering tactics grows, the company…
Heartland Tri-State Bank Collapses; Dream First Bank To Take Over
Customers of the collapsed bank will be transferred to Dream First Bank.The Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank.The Kansas Office of the State Bank Commissioner…
Indian Supreme Court Slams Lack of Crypto Legislation by Government.
The court’s remark was made over an increase in reported cryptocurrency-related crimes. There has been a protracted struggle for definite crypto rules by the Indian government. According to a local…
French Authorities Investigate Worldcoin Over Biometric Data Acquisition
Worldcoin has set up registration centers worldwide to collect biometric data.The French data protection body CNIL said it has begun investigating the matter.Worldcoin (WLD), a digital identity-based cryptocurrency project created…
Ethereum is Dominating BTC’s Trading Volume
ETH price hovers above the $1,880 level after noting a 24-hour gain of 1.40%. The surge in Ethereum’s daily trading volume exceeds that of Bitcoin. Ethereum (ETH), the second largest…