According to the local news report, at the Eastern Economic Forum (EEF-2024), Sergey Bezdelov, Director of the Industrial Mining Association, announced that Russia mined 54,000 bitcoins in 2023, generating 50 billion rubles in taxes. Bezdelov noted that with the upcoming “gentle” regulation of cryptocurrency mining, the tax contribution is set to increase as new infrastructure …
El Salvador is celebrating a major win as it marks three years of Bitcoin as legal tender. Despite early criticism and market volatility, the country is now sitting on over $31 million in Bitcoin profit. Having bought Bitcoin daily since 2021 at an average price of $43,877, El Salvador’s holdings are currently valued at $54,300 …
Over the past 24 hours, the cryptocurrency space has recorded a drop of 0.67%, from $2.00 Trillion to $1.98 Trillion. Following this, the price of Bitcoin failed to reclaim the $57K level. With a trading volume of $29.711 Billion, the star crypto has recorded a 24-hour low of $55,712.45. On the other hand, the Ethereum …
India on its Crypto Way! India’s Financial Intelligence Unit (FIU) plans to clear two offshore crypto exchanges for operations by March 2025, following approvals of Binance and KuCoin. These exchanges were banned for anti-money laundering (AML) violations. FIU-India is reviewing four more platforms, with two likely to resume, pending a thorough compliance assessment. Previously, Binance …
Google searches for the term Bitcoin have plummeted to their lowest point since August 2023, signaling a notable decrease in public interest and engagement with the leading cryptocurrency. The decline in search interest may indicate a cooling period for Bitcoin, as fewer people seek information about the cryptocurrency. This could be influenced by various factors, …
Catizen AI has now launched its CATI coin for pre-market futures trading on the OKX exchange, marking a significant milestone for the platform. Catizen, a unique play-to-earn game hosted on Telegram, invites players to step into the role of a mayor and oversee a bustling virtual city of cats. After hitting a user base of …
The crypto market is in turmoil as Bitcoin’s value fell below $59,000, down 3.9% in just 24 hours, reflecting heightened selling pressure. Ether and Solana have seen even steeper declines, dropping 4.6% and 7.3%, respectively. The global cryptocurrency market cap has shrunk by 4.1% to $2.28 trillion. This crash follows a massive sell-off in U.S. …
When compared with July, Tron Network has jumped 46.54% Month-on-Month (MoM), from $41.92 Million to $61.43 Million. Notably, BSC has recorded a decent jump of 6.63% from $10.56 Million to $11.26 Million. However, the Ethereum Network has recorded a significant drop of 33.44%, from $94.06 Million to $62.61 Million. Followed by this, Bitcoin has dropped …
The Qatar Financial Centre (QFC) in Doha has introduced its Digital Assets Framework 2024, inviting local and international companies to apply for licenses as token service providers. Launched on September 1, the framework establishes a legal and regulatory foundation for digital assets, covering tokenization, custody, transfer, exchange, and smart contracts. This initiative, developed with input …
September is often a tough month for Bitcoin, with its price seeing a drop of 2% at the start of the month. According to crypto analyst Crypto Jelle Bitcoin has struggled during this month, with an average return of 4.5% and peak drawdowns that can be much more severe. Despite September’s struggles, analysts see the …
Starting the week on a slightly bearish note, the Bitcoin price dropped 2.81% on Sunday and is currently trading at $57,557. The Bitcoin ETF market puts a bearish gear down amid such market conditions. Last week, between 26th and 30th August, the Bitcoin ETF slid down with a net outflow of $277 million in total. …
For good reasons, a Bitcoin whale known for dumping 467 million worth of BTC tokens in the July crunch is back in the markets. Recently, the whale purchased 1000 Bitcoins from Binance worth almost $58 million. With this purchase, the market witnessed the second such significant action within the last four days, accounting for 2000 …
Ripple CTO David Schwartz has addressed concerns about token giveaways by the cross-border payment remittance firm. Ripple has been slammed by XRP holders on several occasions for token transfers and sales. Schwartz shared his thoughts on why giving away XRP as a reward is worse than selling. While one user commented on how there should …
On Friday, Brazilian Supreme Court Justice Alexandre de Moraes ruled that internet service providers must block X in the country of about 215 million people. The Judge ordered the platform’s suspension after a months-long standoff over disinformation in Brazil. Local media reported that anyone who uses a VPN to circumvent the ban could be subject …
The co-founder & CEO of Helius sparked off a heated debate on X implying that every major layer-2 can ‘technically steal user funds.’ However, Buterin clarified that they cannot unilaterally steal funds since there needs to be an extraordinarily high level of consensus. A security council oversees a chain in case of some issues with …
Russia will start its trial of cross-border payments using crypto next week to bypass international sanctions. However, several experts say that this effort may not work. The legislation passed does not lift an existing ban on using cryptocurrencies as legal tender for regular payments within Russia but instead allows cross-border payments with crypto. While the …
Binance Margin has added new trading pairs on Cross and Isolated Margin. Now, ALGO/USDC, APT/USDC, ARKM/USDC, BLUR/USDC, DOGS/USDC, JUP/USDC, ONT/USDC, RARE/USDC, REZ/USDC, TNSR/USDC, and TON/USDC are accessible on Cross and Isolated Margin. This development allows users to diversify their portfolios and make their trading strategies more flexible. The new pairs traded with USDC especially increase …
During the early Asian Trading hours, the largest investor of $WIF memecoin borrowed 1.4 Million USDC from Kamino, Solana’s lending, borrowing, and leveraging site. Notably, the whale has spent 1 Million USDC to buy 643,832 Dogwifhat tokens with a trading price of $1.55. Reportedly, the whale now holds 28.66 Million WIF tokens worth $44.13 Million. …
On 29th August, only 1 BTC ETF has recorded a positive inflow. Reportedly, ARK’s “ARKB” has added $5.3 Million whereas 5 ETFs have recorded a neutral flow. Conversely, Fidelity’s “FBTC” has recorded the highest outflow of $31.1 Million, followed by Grayscale’s “GBTC” with $22.7 Million. Blackrock, Bitwise, and Valkriye are among the other losers. On …
Amid high whale activities in the market, a whale recently claimed 30,007 ETH worth almost $78.67 million to deposit 24,007 ETH worth $61 million over Coinbase in the past three days. The whale is now left with a balance of 6,000 ETH worth $15.16 million. At the same time, a new whale address cashed out …
Lookonchain revealed the incident of a trader making 4,330X in profits after investing a small amount in a newly launched token. The trader invested in this Mbappe token as the token value boomed instantly and sold the investment before the value dropped. The crypto trader has spent just 0.2 SOL, equivalent to $29, and sold …
Elon Musk in an X post today has accused Brazil Judge Alexandre de Moraes of a misguided legal maneuver, a subpoena issued via X in Brazil. Musk has highlighted Moraes, stating, ‘This ‘judge’ has repeatedly broken the laws he has sworn to uphold.’ Musk’s statement comes against the backdrop of a subpoena issued by the …
While SHIB has faced a massive price decline overnight, following Bitcoin’s crash, Shiba Inu’s marketing lead, Lucie, has issued a friendly reminder to the community. Lucie has warned the community that while everybody likes memes and meme coins, they must not forget to DYOR (Do Your Own Research) when planning to invest in crypto in …
Over the past 24 hours, the crypto market has recorded a drop of 5.74%, from $2.22 Trillion to $2.08 Trillion, a loss of $140 Billion. Moreover, the market leader, Bitcoin price has plunged below the $60K level with a correction of 5.98%. Further, with a trading volume of $41.725 Billion, it has recorded a low …
Tonscan data shows that the Ton network has not generated any blocks for nearly 3 hours, and the latest block was generated at 06:11:46 UTC+8. This incident has caused great concern among Toncoin users and investors. In response to this situation, Binance has officially suspended all withdrawals via the TON network. Due to the network …
Ionic Digital Inc., a bitcoin mining firm, faces potential liquidation as creditors have raised concerns over its delays and management. The exit of Ionic’s auditor and CEO Matt Prusak has further intensified the concerns. Creditors have also criticized the slow development pace and the board’s lack of experience in the crypto mining industry, seeking to …
The BTC ETF has kicked off the week on a positive note, with Blockrock’s “IBIT” recording the highest inflow of $224.1 million. Further, Franklin’s “EZET” has added $5.5 million, and WTree’s “BTCW” with $5.1 million. Notably, Ark, Invesco, and both Grayscale’s ETFs have recorded a neutral flow. On the flip side, Bitwise’s “BITB” recorded the …
Reportedly, the arrest of the CEO of Telegram has sparked a major concern among people for the freedom of speech and information. Following the arrest, the charges alleged against the CEO are involvement in illegal transactions, possession and distribution of minor pornography, denying requests for information on legal interceptions, involvement in narcotics trafficking, engaging in …
A dormant whale makes a comeback for $WIF with a significant move. The whale makes an entry after a month of silence and deposits 700K $WIF (valued at $1.25M) into MarginFi. The whale is using it as collateral to borrow 197K $USDC. With the borrowed funds, the Whale has acquired an additional 110K $WIF, increasing …
In a weekly snapshot of the top 10 crypto assets by 1-week returns, Grayscale listed XRP as the fifth-best performer, with a 1-week gain of 6.71%. This depicts XRP’s bullish outturn amidst a wider market recovery. Avalanche with a weekly return of 26.12% and TRON by 19.94%, occupied the first and second places. Cardano’s ADA …