KuCoin Says It has Suspended BTC and LTC Mining Pools.
Users were cautioned to save any mining data and records before August 27. There have been rumors that KuCoin plans to lay off 30 percent of its staff. KuCoin, a…
XDC Hits One-Year High and Pump 300% in the Bear Market.
XDC price reached its highest level since January 2022. The XDC token defies market decline and surges 35.54% in a day to reach $0.86.Singapore-based XinFin Network native cryptocurrency XDC has…
FTX Didn’t Speak Up About Exchange Reboot Plans, Say Creditors
Creditors say FTX’s proposed restructuring plans are mere “ideas,” and were not formally negotiated.Lawyers representing FTX’s creditors said they weren’t filled in on a recently proposed plan to revive the…
Outrageous 1.41 Billion Terra Luna Classic (LUNC) Recently Burned by Binance.
Binance delivered 1.41 billion Terra Luna Classic (LUNC) tokens to the burn address.2.65 billion Terra Luna Classic tokens were burned by Binance in July.In the 12th round of the LUNC…
Cathie Wood Offloads Millions Worth Coinbase and Robinhood Shares.
On August 3, Coinbase will release financial data for the second quarter. On Monday, COIN stock closed up 4% at $98.61, but it dropped 3.17% in pre-market trading.Cathie Wood, the…
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…