The Financial Services Agency (FSA) of Japan has proposed to change the tax code in regard to digital assets. The most notable suggestion is to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. The amendment, proposed by the FSA, has the potential to be effected, as the Agency states that the Ministry […]
Bitcoin has been on a bull run for the past six months, and according to BitMEX co-founder and former CEO Arthur Hayes, the market is yet to respond but will in the next six to 12 months. Hayes argued that the bull run began on March 10, the day Silicon Valley Bank (SVB) was taken […]
Sonik Coin has achieved a milestone of $1 million in its presale in less than three weeks, with the presale ending in less than 48 hours. The project has a staking pool and reward system, which should help it remain relevant and sustainable for years. Crypto analysts predict that the token could grow by 10 […]
Stake, a crypto betting platform, was hacked to the tune of $41.3 million, according to blockchain security firms. The platform was able to resume services only five hours after the incident. Stake confirmed that user funds remain safe and that their Bitcoin, Litecoin, and XRP wallets were not impacted. Analysis by Beosin calculated the total […]
Nigeria has emerged as a global leader in cryptocurrency awareness, according to a recent study by blockchain and Web3 software company Consensys. The survey, conducted by YouGov and Consensys, was taken by 15,158 people across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan, Mexico, South Korea, the Philippines, and Nigeria.The survey found […]
The Bitcoin network has hit a new milestone as the total number of holders now exceeds the population of Spain. According to an analyst, the total number of Bitcoin addresses carrying a non-zero balance is now higher than the entire population of Spain, which is around 47.5 million. This count includes all types of BTC […]
Stake.com, the world’s largest crypto casino, has suffered a major hack resulting in a loss of $41.3 million. The platform has suspended all deposits and withdrawals, leaving many users unable to access their funds. According to Cyvers, a crypto security firm, and Beosin, a web3 security agency, the majority of the stolen funds were drained […]
Binance CEO Changpeng Zhao has expressed his optimism for decentralized finance (DeFi) following a recent court ruling on an investor suit against the decentralized crypto exchange (DEX) Uniswap. Last week, Judge Katherine Polk Failla of the Southern District of New York dismissed the case that sought to make Uniswap (UNI) accountable for the financial losses […]
A security firm, Cyvers Alerts, has flagged suspicious transactions from the cryptocurrency gambling platform Stake, totalling $16 million on September 4. Blockchain evidence suggests that the funds were siphoned off as a result of a stolen private key. The hacker transferred $3.9 million worth of Tether (USDT), 6,001 Ethereum (ETH) worth $9.8 million, $900,000 worth […]
THORChain (RUNE), Toncoin (TON), and Everlodge (ELDG) are three tokens that have seen significant price rallies in the past few weeks. RUNE has increased by 65% in the last 30 days, while TON has seen over 40% price growth within the month of August. Meanwhile, over 25 million ELDG tokens have been sold so far […]
