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…
OKX Integrates zk-STARK Technology in Its Proof of Reserves.
Users will now be able to independently validate that their assets are backed by reserves.The approach ensures the legitimacy of OKX’s PoR without compromising user anonymity.The Proof of Reserves (PoR)…
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…
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…
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…
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…