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…
U.S Government Investigates BlackRock’s Chinese Investments.
The company issued a statement saying it had been communicating with the committee.The information from the probe would be used to better shape U.S. policy towards China.BlackRock, a firm that…
Kenya Suspends Worldcoin’s Activities Amid Data Security Investigation
Worldcoin has introduced an iris-scanning-based worldwide identification mechanism.According to CMC, the token’s price has increased by 4.57% n the last 24 hours.On Wednesday, the Kenyan Ministry of the Interior announced…
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…
Binance Receives First MVP License by Dubai’s Regulator VARA
Binance FZE will now be able to offer services to eligible institutional and retail investors. MVP comes before a product is considered an FMP (full-market product). Virtual Assets Regulatory Authority…
As Litecoin Halving Nears, LTC Holders Increase Exponentially.
Litecoin (LTC) halving is expected to bring a scarcity in LTC supply. The trading volume kept increasing irrespective of the LTC drop.Litecoin Halving, the recent talk of the town is…
U.S SEC Warns Crypto Accounting Firms for Misleading Auditing Claims
The PCAOB issued a warning that these reports are not audits. Paul Munter is SEC’s principal advisor on accounting and auditing concerns.Companies in the crypto sector have come under increased…