Binance’s CZ Response to the CFTC’s Civil Complaint

In a surprising turn of events, the CFTC filed a civil complaint against Binance.com, despite their cooperative relationship that spanned over two years. As a keen observer of this industry, I will delve into the details of the situation and…

CFTC Files Complaint Against Binance and Executives – What we know so far

The Commodity Futures and Trading Commission (CFTC) has filed a complaint against cryptocurrency exchange Binance, its co-founder Changpeng Zhao, and former chief compliance officer Samuel Lim. The filing accuses them of soliciting U.S. users and circumventing the exchange’s own compliance…

Hacker sent back $90 million funds to Euler Finance

Earlier this month, Euler Finance, a decentralized finance (DeFi) protocol, fell victim to a $200 million exploit. However, in a surprising turn of events, the hacker responsible for the attack decided to return a majority of the stolen funds to…

Abu Dhabi port uses Blockchain solutions for international trade and logistics

During 2018, Abu Dhabi Port subsidiary Maqta Gateway launched its own Blockchain solution for imports, exports and other logistical commercial purposes within the port. The project which is dubbed ‘silsal-‘ Arabic synonym for chain will enable seamless and efficient processing…

Treasury Department and IRS Seek Feedback on Tax Treatment of NFTs as Collectibles

The Treasury Department and Internal Revenue Service (IRS) have announced plans to solicit feedback regarding the tax treatment of nonfungible tokens (NFTs) as collectibles under tax law. The guidance also requests comments on NFTs as collectibles and outlines the IRS’s…

Crypto Community Optimistic Over Arbitrum, a New Ethereum Layer 2 Solution

Blockchain technology has brought several benefits but also some significant challenges.  One of these issues is scalability or the ability of the network to handle the increasing amount of data, traffic, or users without compromising performance.  Blockchain layer one projects,…

Sony Files Patent for NFT Framework in Gaming Exploring Cross-Platform Gaming with NFTs

Sony has recently published a patent titled “NFT Framework For Transferring And Using Digital Assets Between Game Platforms,” which delves into the potential of using NFTs in video games. The patent explores how NFTs can be played with and transferred…

Altcoins at a Glance – Important Updates in 5 minutes.

The altcoin market has thousands of projects, and there are only 168 hours in a week.  Nobody has the time to look at each altcoin news one by one, but don’t fret we are here to save you time and…

Over 1,200 German Banks to Offer Bitcoin Trading for Retail Customers: A New Era of Crypto Accessibility

In a major development for the cryptocurrency sector, more than 1,200 German banks are now able to offer Bitcoin trading services to their retail customers. This groundbreaking move signifies increased mainstream adoption of cryptocurrencies and opens new doors for retail…

Why did Shib bun rate increase this week to 1300%?

The burn rate of Shib Inu has significantly increased in March compared to February. This is possibly because of Koyo project and Puppynet, a lesser-known initiative built on Shibarium. The launch of Puppynet has led to a staggering 1,300% spike…