The latest set of regulations introduced by the US Department of the Treasury and the Internal Revenue Service (IRS) around digital asset service providers has sparked intense debate among industry experts and stakeholders. The newly released broker rules target various digital financial platforms, especially decentralized finance (DeFi) protocols, mandating them to undertake Know-Your-Customer (KYC) procedures.
In the ever-evolving landscape of cryptocurrency and blockchain technology, cybersecurity has emerged as a critical area of concern. A recent incident involving Animoca Brands, a leading figure in the blockchain gaming industry, serves as a stark reminder. The company’s co-founder, Yat Siu, fell victim to a sophisticated phishing attack that hijacked his X account, leading
Non-fungible tokens (NFTs) have experienced exceptional growth in recent years, transitioning from a niche aspect of the blockchain ecosystem to a robust marketplace encompassing digital art, collectibles, and virtual properties. The quest for ownership over unique digital assets has attracted significant attention from investors, artists, and tech enthusiasts alike. However, this ever-evolving market is characterized
In a significant development within Japan’s cryptocurrency market, SBI VC Trade, a subsidiary of SBI Holdings, is preparing to acquire accounts and assets from the struggling cryptocurrency exchange, DMM Bitcoin. This transition, scheduled for March 8, 2025, signifies the end of DMM Bitcoin’s tumultuous liquidation process, which was primarily triggered by a staggering $305 million
In recent years, Bitcoin has transcended the realm of digital currencies to emerge as a pivotal asset within geopolitical discussions. As various countries seek to establish national reserves of Bitcoin, the implications for financial sovereignty are profound. This scenario paints a picture of a global battleground where nations are competing to exert control over a
Cardano (ADA) has become a focal point in the cryptocurrency world, especially due to its close correlation with Bitcoin (BTC). The asset has mirrored various price fluctuations seen with BTC, experiencing a notable downturn that has raised questions about its future trajectory. As of early November, Cardano displayed significant bullish behavior. However, current developments suggest
The cryptocurrency landscape is witnessing a substantial transformation, particularly with the Shiba Inu ecosystem’s recent shift from a meme-centric identity towards a fully-fledged virtual world called SHIB: The Metaverse. This innovative project, spearheaded by the Shiba Inu community and its layer-2 scaling solution, Shibarium, aims to create a robust platform for virtual creativity, connection, and
Ethereum, a leading cryptocurrency and the backbone for numerous decentralized applications, has faced turbulence in its pursuit of bullish momentum. Currently trading around $3,360, Ethereum has repeatedly demonstrated the ability to maintain stability following a phase of consolidation above the critical support level of $3,300. This level has become a focal point for traders and
As Bitcoin continues to oscillate around potent support levels, it has caught the attention of crypto analysts and investors alike. Trade PSH, a noted analyst, recently shared insights into the crucial support levels that Bitcoin (BTC) is currently hovering around. As BTC bulls intensify their push toward the significant psychological milestone of $100,000, understanding the
Ethereum, the second most prominent cryptocurrency in the market, has recently crossed a pivotal threshold as its Total Value Locked (TVL) exceeded $90 billion. This development holds significant implications for Ethereum’s future—a potential indicator of a market revival and renewed investor confidence. As experts and market analysts reflect on this critical moment, various factors contribute