Crypto Assets Pose Tax Collection Hurdles, Warns IMF Working Paper The International Monetary Fund (IMF) recently released a working paper on taxation and cryptocurrency assets. The authors highlight the challenges in collecting taxes on crypto assets due to their dual nature as both…
Shibarium Layer 2 Blockchain Set to Launch After Toronto Conference The layer 2 blockchain network called Shibarium is set to go live after an upcoming conference in Toronto. The network will utilize bone, treat, shib, and leash tokens for applications built on the…
The Alleged OneCoin Scam: Urging Bulgaria to Reopen the Case The recent appointment of a new acting chief prosecutor in Bulgaria has brought attention to the ongoing investigation of the alleged $4 billion OneCoin scam, associated with Ruja Ignatova, known as the “CryptoQueen.”…
JPMorgan: Spot Bitcoin ETFs Not a Game Changer for Crypto Markets JPMorgan released a research report stating that the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) would not have a significant impact on the…
Bitcoin Reaches New High, But Slips Below $30K Bitcoin surged to a new 13-month high at $31,500, but quickly faced a strong rejection, causing the asset to drop below $30,000 multiple times. The altcoins also experienced losses, with notable declines in Litecoin, Bitcoin…
The Second Rarest Bored Ape Yacht Club NFT Sold for $372,000 The second rarest Bored Ape Yacht Club NFT, Bored Ape #3953, was recently sold for just 200 ETH, equivalent to roughly $372,000. This price is significantly lower than the peak prices seen…
Lightning Labs Introduces Toolkit for AI Applications on Bitcoin Lightning Network Lightning Labs, the Bitcoin Lightning Network development firm, has launched a new toolkit that allows artificial intelligence (AI) applications to interact with the Bitcoin network through its layer-2 solution. This move aims…
The FBI Investigates Crypto Industry Figures for Hacking and Cyberstalking The FBI has reportedly searched the residence of Jesse Powell, the founder and former CEO of crypto exchange Kraken, following accusations of hacking and cyberstalking. This investigation follows similar actions taken against other…
Magic Square, the innovative Web3 app store, has received a strategic investment from EMURGO Ventures (EMV), a venture capital and investment arm of EMURGO, which is a founding entity of the Cardano blockchain. This investment is a crucial step for Magic Square in…