Bitcoin’s Remarkable Surge: $4,000 Gained in Just 4 Hours, Touching $35,000 Amid BlackRock Seeding Speculation

In the volatile world of cryptocurrencies, Bitcoin (BTC) has once again demonstrated its remarkable resilience, embarking on a substantial price rally over the past week. As investors and enthusiasts closely monitor its every move, the cryptocurrency’s value has surged, gaining an impressive $4,000 in just four hours and reaching the $35,000 milestone. This surge not […]

FTX Eyes Return of $9 Billion in Customer Funds through Settlement Proposal

In a recent development in the world of cryptocurrency, FTX, a prominent exchange platform, has made an intriguing proposal to its customers. The proposal revolves around the return of over $9 billion in customer funds through a strategic settlement plan. If you are an FTX customer who held more than $250,000 on the platform just […]

US Considering Application of Electronic Fund Transfer Act to Crypto Accounts

The world of cryptocurrencies is ever-evolving, with new innovations and challenges emerging regularly. While the market offers tremendous opportunities, it isn’t without its vulnerabilities. This brings us to the pressing question: How can we ensure consumer protection in a realm so novel yet susceptible? Enter the potential application of the Electronic Fund Transfer Act (EFTA) […]

European Parliament Greenlights DAC8 for Crypto Tax Reporting with Overwhelming Majority

Effective January 1, 2026, cryptocurrency service entities operating within the EU will need to adhere to tax reporting obligations. The European Parliament recently gave the nod to DAC8, implementing tax reporting standards for crypto dealings throughout the European Union. The legislative proposal sailed through with a commanding 535 votes in support, contrasted with 57 opposing […]

Five accused of illicit $76M cryptocurrency scam captured in Thailand

Cryptocurrency, a digital frontier with immense possibilities, also comes with its fair share of dangers. And the most recent capture of five individuals accused of a staggering $76M cryptocurrency scam in Thailand stands testament to the lurking threats in this sphere. Background of the Crime The digital era has brought about countless opportunities, but where […]

SEC Chair Gary Gensler’s Return to Congress Amid Crypto Controversies

IntroductionGary Gensler, the chair of the Securities and Exchange Commission (SEC), has been summoned to testify before Congress twice in September. The calls come in light of a summer filled with unprecedented enforcement actions against the crypto sector. Recent SEC ActionsThis summer witnessed the SEC taking stringent measures against several actors in the crypto world. […]

Stablecoins: The Unsung Heroes of the Digital Economy

Stablecoins, though often overshadowed by the more popular cryptocurrencies like Bitcoin and Ethereum, are steadily gaining ground in the financial ecosystem. In 2022, their influence was undeniable, with settlements that even rivaled the giant – Visa. Introduction: Stablecoin vs. Visa Who would’ve thought that stablecoins would come close to matching the transactions of Visa, a […]

Vitalik Buterin’s Ethereum Wallet Sends $1 Million Worth of ETH to Coinbase Amidst Price Struggles

Based on on-chain data, a wallet linked to Vitalik Buterin, one of Ethereum’s co-founders, executed a transaction today by sending 600 Ether, approximately valued at $1 million, to the Coinbase exchange. The reason for this transaction is still uncertain at the time of this report. Typically, transfers to exchanges are interpreted as potential intentions to […]

PayPal Expands Crypto Presence: PYUSD Stablecoin Targets DeFi Integration

PayPal, a major player in the financial technology space, is extending its foray into the cryptocurrency industry with the integration of its newly introduced stablecoin, PYUSD, into the decentralized finance (DeFi) ecosystem. Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain, Crypto, and Digital Currencies, recently shared the company’s ambitions during an appearance on […]

DeFi Protocol Curve Finance: An Analysis of the Recent $1.85 Million Bounty and its Implications

In the intriguing world of decentralized finance (DeFi), mishaps are not uncommon, and as we move further into the realms of this financial innovation, it’s becoming clear that threats are real and rampant. One such incident is the recent exploit of Curve Finance (CRV), a prominent DeFi protocol, which has triggered a series of reactions […]

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