The popular meme coin Dogecoin [DOGE] experienced a large rally over the past 24 hours as the entire market corrected. The price of the Elon Musk-backed cryptocurrency has since risen on news that Elon Musk will finalize his takeover of…
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Remittance Behemoth Western Union Plans to Enter the Crypto Market
According to trademark lawyer Mike Kondoudis, remittance behemoth Western Union, based in Denver, Colorado, has submitted many crypto-related trademark applications to the U.S. Patent and Trademark Office. Western Union May Launch Crypto Token According to the company’s trademark registrations, it…
Blockchain Powered IDs will be used in South Korea by 2024
South Korean citizens will be using digital IDs instead of traditional resident cards as proof of identity by 2024. It will be secured by blockchain technology and will work in tandem with smartphones. This will make it easier to verify…
Web3 Will Add $1.1 Trillion to India’s GDP By 2032
Over the next ten years, the global Web3 boom is anticipated to contribute $1.1 trillion to the Indian economy, supporting the momentum created by over 450 in-house firms, including CoinDCX, Polygon, and CoinSwitch, that is based on investments. India is…
Coinbase Backs Grayscale In Its Legal Battle With the SEC.
The largest Bitcoin fund, Grayscale, is fighting the Securities and Exchange Commission in court with the backing of Coinbase, the largest cryptocurrency exchange in the United States (SEC). Grayscale Protests Barring Of Its Bitcoin ETF Grayscale has made the decision…
IRS 2022 Tax Guidelines to Treat NFTs as Cryptocurrencies and Stablecoins
The U.S. Internal Revenue Service (IRS) has provided NFT investors with greater clarity regarding how the assets are expected to be taxed. Same Tax Law For All Digital Assets According to the IRS’s tax year 2022 guide, all “digital assets,”…
Israel Begins Using Blockchain to Offer Government Bonds
According to a report from October 19, the Israel Ministry of Finance has teamed up with VMware and Fireblocks to carry out a proof of concept for issuing government bonds through blockchain in order to lower costs and shorten the…
Aptos: Much-awaited Silicon Valley Blockchain Flops Amid Transparency Concerns
The much-awaited Silicon Valley blockchain startup Aptos, which includes former workers of Meta Platforms Inc. (NASDAQ: META), started logging transactions on Tuesday. But is the buzz justified? The Solana data throughput and Ethereum’s popularity are the targets of the contracts/dApps…
India’s Finance Minister Questions the Blockchain’s Suitability For Use In Tradeable Assets
Nirmala Sitharaman, India’s finance minister, is uncertain about the application of blockchain technology for tradable assets. The nation is advancing its digital rupee CBDC while also exploring international regulatory collaboration. Sitharaman expressed this sentiment while on a visit in the…
Mango Markets $100 Million Exploiter Reveals Identity
The exploiter of the DeFi loan portal Mango Markets in Solana has identified himself and described his behavior as “a highly profitable trading strategy.” According to Avraham Eisenberg, who describes himself as a “digital art dealer,” he was responsible for…