Montenegro's appeals court has recently overturned the extradition request for Do Kwon, the co-founder of Terraform Labs. This decision comes after reports emerged that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Montenegro, Decision Lies With Justice Minister For the time being, Do Kwon will stay in Montenegro as […]
Grayscale Addresses Tax Controversies of Cash-Created Spot Bitcoin ETF Grayscale, one of the largest cryptocurrency asset management firms, has provided clarity on the potential tax implications of adopting a cash redemption model for an upcoming spot bitcoin exchange-traded fund (ETF). In a recent article, Grayscale explained how the cash redemption process would work in a
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The Explosive Growth of BONK Meme Coin The Solana Saga phone, once struggling to find its market, has seen its fortunes reversed this week, with units selling for as much as $5,000 on eBay, a staggering increase from its discounted price earlier this summer. This dramatic shift in demand is primarily attributed to the explosive
Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity Read More »
Optimizing tax benefits while supporting worthy causes can be achieved by merging tax-loss harvesting with cryptocurrency donations to charities. As the year comes to a close, cryptocurrency investors have the opportunity to embrace a year-end tax strategy with a charitable giving twist. Maximizing Tax Benefits with Charitable Contributions Crypto investors are not only focusing on
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Sygnum’s Institutional Investor Survey An institutional investor survey conducted by digital asset bank Sygnum has revealed a significant shift in sentiment towards cryptocurrency. Over 80% of respondents now agree that crypto plays a crucial role in the global financial industry, marking a move from skepticism to advocacy. The survey, titled "Future Finance 23," was conducted
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Bitcoin's Downtrend on the 4-Hour Chart Bitcoin's trajectory on the 4-hour chart reveals a clear downtrend characterized by consistent lower highs and lower lows. The price experienced a significant drop from approximately $43,440 to $40,513, indicating increased selling pressure. The current bearish candlestick formation further suggests the possibility of the downtrend persisting. Bearish Run on
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Introduction Reports have confirmed that the popular peer-to-peer NFT market platform, NFT Trader, has fallen victim to a security breach. The breach occurred when an attacker exploited an outdated smart contract, resulting in the theft of approximately $3 million worth of prized digital collectibles. Notably, the stolen NFTs included pieces from the Mutant Ape Yacht
NFT Trader Security Breach: High-Value Bored and Mutant Ape NFTs Stolen Read More »
BONK Emerges as the Third Largest Meme Coin The meme-inspired cryptocurrency BONK has experienced a remarkable surge in recent weeks, surpassing pepe (PEPE) to become the third largest meme coin in terms of market capitalization. BONK, which is based on the Solana blockchain, has witnessed a staggering 621% increase in value against the U.S. dollar
In just two weeks since December 2, 2023, the stablecoin asset, first digital USD (FDUSD), has experienced a remarkable expansion, with its supply increasing by 690 million coins. As of December 17, 2023, this surge has propelled FDUSD's market capitalization to a significant $1.61 billion, marking a growth of 74.92%. FDUSD Emerges as Fifth-Largest Fiat-Pegged
Shakepay, a Canadian crypto app, has recently announced a data breach that resulted in unauthorized access to personal information belonging to a specific group of its customers. The breach was detected on December 13, 2023, and while it compromised data, it did not impact any bank accounts, crypto wallets, or customer credentials. Shakepay Addresses Data
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