Cardano’s Djed Gains Momentum and Overtakes USDTDespite Stablecoin Controversy
Cardano’s Djed, a stablecoin launched on the Cardano blockchain, has gained significant traction and has overtaken USDT amid stablecoin drama. The stablecoin drama was triggered by concerns over the transparency and backing of USDT, which is the world’s largest stablecoin by market capitalization. Djed, on the other hand, has gained popularity due to its […]
The Greenest Crypto Initiative Achieves End-of-Month Success ICO token
A breakthrough electric vehicle (EV) charging payments network is now being developed by the sustainable cryptocurrency start-up C+Charge, and it recently shared some major news with investors. C+Charge is currently holding a token presale to generate money for this project. Towards the end of the month, the CCHG coin for the project is scheduled […]
Israel’s Tax Authority Is Looking into The Alleged Tax Evasion of NFT Creators
Two NFT developers were detained by Israel’s Revenue Authority on suspicion of tax fraud and money laundering after they reportedly failed to declare $2.2 million in sales during 2021. Avraham Cohen and Anthony Pollack, the founders and operators of the NFT project holyrocknft.com, were recently reported to have been detained for failing to record millions […]
Multistate Lawsuit Resolved by Nexo Crypto Lender with $22.5M Settlement
Once the Ohio Division of Securities joined the settlement as the newest state regulator, the cryptocurrency lender Nexo reached a deal with numerous US states for $22.5 million. The business, which is run by Bulgarian entrepreneur Kosta Kantchev, will pay $424,528.30 to each of the states, the District of Columbia, Puerto Rico, and the U.S. […]
Governor of the Belgian Central Bank: “Crypto Winter” Was “Good News”
The governor of the Belgian Central Bank said that his institution welcomed the 2022 decline in cryptocurrency values and that the start of the crypto winter last year “was excellent news for us.” The cryptocurrency “implosions” of the previous year, according to Governor Pierre Wunsch of Business AM, were “excellent news in themselves for us.” […]
Bitcoin Miners Are Preparing for An Upcoming Difficulty Increase
This week will see another difficulty adjustment for Bitcoin (BTC) miners as the amount of computing power needed to create new currency approaches a record high. The difficulty level is anticipated to increase from 43.05 T to 44.46 T with the upcoming difficulty adjustment, which is anticipated to take place on Friday, March 10. With […]
DeFi Giant Manufacturer Wins as US Court Drops $28 Million Lawsuit Crypto Investors Brought Against It
A class-action lawsuit against Maker, a DeFi cryptocurrency lender, was dismissed by a US judge. The case claimed that Maker misrepresented the dangers investors faced, which resulted in catastrophic losses of collateral on MakerDAO back in 2020. The “Black Thursday” case has been dropped, according to a court document submitted on Wednesday, since the Maker […]
Tornado Cash Developer is in Jail but There Are Hints of a Comeback for the Crypto Mixer Regulators Hate
A recent tweet from Ameen Soleimani, the co-founder of SpankChain and Reflex Labs, suggests the cryptocurrency mixing service could soon make a comeback despite the legal difficulties of its creator, Tornado Cash developer Alexsey Pertsev, who is still in jail after being charged with money laundering for developing the mixing service. One of the top […]
Bitcoin and cryptocurrency, according to Reddit founder Alexis Ohanian, are “here to stay.”
Notwithstanding recent terrible occurrences in the sector, like as the failure of FTX, Reddit co-founder Alexis Ohanian thinks that cryptocurrencies, and Bitcoin in particular, are here to stay. In a Forbes interview, Ohanian compared the development of blockchain to the invention of paper and predicted that as time went on, we will start to see […]
Poor Dad Wealthy Dad’s Robert Kiyosaki Said He Purchases Bitcoin Because He Does Not “Trust” The Dollar
World-famous businessman and author Robert Kiyosaki has said that he buys more Bitcoin because he doesn’t trust the U.S. currency, which he has called “fake.” In a recent interview with Kitco News, Kiyosaki, the best-selling author of Rich Dad, Poor Dad, offered a stern warning about the depreciating US currency. The American businessman said that […]
