Californian Court Rules Lido DAO a General Partnership
Nowadays tussles between regulators, courts, and enforcement agencies are quite common in the crypto market. In the past few quarters, agencies filed cases against dozens of firms offering digital asset services.
Most recently, a Californian Federal Court has ruled that the decentralized body behind the Lido Staking protocol, Lido DAO, operates as a general partnership, making its participants liable under regional laws.
The decision came following the argument that the governance structure
Bitcoin Surpasses $94k Following IBIT ETF Options Trading Launch
There are a lot of reasons why traders use Bitcoin ETF. One of the major benefits is that it allows to hedge active Bitcoin investments.
On November 20, some leading asset managers such as Bitwise and Grayscale are introducing their Bitcoin ETF options. And other firms are also expected to launch after this.
Attaining $1.9 billion is not a big deal as $GLD hovered around $5 billion today. I ask to give it a few more days or weeks- Eric Balchunas
Crypto Mining Income to Be Taxed Under Russia’s New Rules
The surge in prices, adoption, and usage of crypto has become a mode through which the government of a nation can earn taxes. Dozens of nations have imposed severe fines on digital assets, and some of them have imposed fewer taxes to help it become widespread.
In a most recent development, the Finance Ministry of Russia has announced that it has recognized digital currencies as properties in order to impose taxes on them.
In the statement, the higher official of the ministry notes that the am
ELIZA Trader Made $3.68 Million From $1,800 in Hours
The skyrocketing prices of cryptocurrencies have helped millions of investors to gain significant profit. Bitcoin, Ethereum, Dogecoin, and Solana have attracted a huge spotlight since the beginning of this year.
A blockchain analysis and watcher firm, Lookonchain most recently reported that a trader bought 89.9 million $ELIZA tokens for 7.84 $SOL valued at over $1,800. It is worth noting that in just a couple of hours, they successfully sold 49.49 million $ELIZA for the sum of 7,091 $SOL equal
TRON DAO Recently Collaborated With Nansen to Boost the TRON Ecosystem
The decentralized blockchain project has also taken on smart contracts along with an entrusted proof-of-stake system. This combination makes the transactions faster having an effective scalability with minimal fees.
Some more tools offered under this partnership are Token God Mode, Wallet Profiler, and some other modern analytics tools that will help users swiftly point out the opportunities offered under the TRON network.
Adding more to this, the Virtual machine of this project is designed t
Shiba Inu Co-founder Criticizes Litecoin for Its Identity Change
Today, Shytoshi Kusama took to the social media platform, X and posted in which it can be clearly seen that he was not seeking to get into any kind of protest against Litecoin in 2024.
If we talk about the Shibburn data, it indicates that the burn rate of the token has also gone up to 928%, which sets confidence in the long-term goal of the coin.
At the time of writing, the price of Litecoin hovered around $89.60. It has also shown a 3% intraday low.
MicroStrategy to Raise Billions for ‘Bitcoin’ Purchase Stock Soars
After Bitcoin crossed $20,000 it became one of the most prominent cryptocurrencies in the digital asset market, the surge in prices has attracted millions of new individual investors and institutional investors.
In a recent development, MicroStrategy, a known Bitcoin holder, has intended to raise approximately $1.75 billion from senior convertible notes at zero percent to acquire more BTC.
In a statement dated November 18, 2024, MicroStrategy noted that it ” intends to use the net proceeds fr
Talking about the Trump Media and Technology Group, it has become an actively traded stock after the victory of Donald Trump.
In the Q3 of the last year, the platform reported a significant loss estimated at about $27,000 along with a revenue of $328,000 in the same quarter.
It is also speculated that if the deal is sealed then it will help to spread the increasing involvement of Trump in the industry. It will also accompany his crypto venture, World Liberty Financial
Brian Brooks Leads the Poll for the Next Chairman of the SEC
The crypto industry seems happy to see Brian Brooks as the new chairman and they have posted on this matter with a positive note by using the hashtag BrianBrooks for SEC.
Brooks is a prominent figure in the industry who has served in Coinbase, BitFury Group, and Binance.
Brooks spoke about the predictions and has outlined major steps he thinks the future SEC head should give priority to encourage a crypto-friendly environment.
A poll for the next chairman of the Securities and Exchange Commi
BIT Mining Faces $10M Fine for Bribery Scandal in Japan
Following the surged adoption of cryptocurrencies, mining has evolved as one of the highest-earning subsectors of the digital assets market.
According to recent information, BIT Mining, a Bitcoin mining company, has accepted that it paid bribes to Japanese officials to get licenses from resorts and casinos in Japan. To settle the charges, the firm agreed to pay a fine of $10 million to the United States government.
Additional information notes that the bribery incident took place between 201
The 2024 beginning brought renewed hopes for dozens of cryptocurrencies, and hope turned into an opportunity after the recent historical victory of Donald Trump. Bitcoin, Ethereum, Solana, and Dogecoin have reported a massive spike in trading prices, volume, market capitalization, and TVL.
According to data from Defillama, Solana has achieved a fresh milestone after its decentralized exchanges acquired $70.9 billion in trading volume in a 30 -30-day time frame. A change of 127 percent has been
FIU Nepal Suggests Measures to Tackle Cryptocurrency Fraud
The adoption of cryptocurrencies has surged significantly in the past few years, especially in developing nations like India, Bangladesh, Pakistan, and Nepal. The growth in adoption in these nations has been regarded as one of the primary reasons behind surging illicit and anti-money laundering activities.
In a recent development, the Financial Intelligence Unit of Nepal has noted that the usage of crypto for illicit activities has surged prominently, despite an official ban on trading of digi
Spot Bitcoin ETFs Witnesses Six Consecutive Weeks of Positive Inflow
Apart from the spot BTC ETF market, markets such as spot Ether ETFs have also witnessed significant growth by marking $515 million in inflows.
The net inflows in the Bitcoin ETF market are also a result of the significant surge of Bitcoin which has so far crossed the $90,000 mark.
SoSoValue further reports that the six consecutive weeks of inflows recorded by spot Bitcoin ETFs started on October 11 and the amount is estimated to be $8.95 billion.
Coinbase CEO Brian Armstrong Supports Donald Trump’s DOGE Dept
Following the historical victory of Donald Trump, the sentiment of the broader digital assets market has seen a variation, yet the market is expecting a change in regimes rules, and regulations for the cryptocurrency sectors.
In a recent X post, Brian Armstrong, Chief Executive Officer of Coinbase argued that Doge (Department of Government Efficiency), a new department in Trump’s administration, is a lifetime opportunity. It could help the United States in increasing economic freedom.
The United Arab Emirates is considered a prominent crypto hub and a crypto-friendly country but still, BlackRock has not stated anything related to virtual assets in the report.
BlackRock is also responsible for issuing iShares Bitcoin Trust ETF, which eventually gives exposure to Bitcoin to investors from the United States.
BlackRock has not provided further details about the plans for the country further on than getting a license to have its operations in the country.
With the growing popularity and adoption of cryptocurrencies, scams and thefts have surged significantly, affecting individuals. In a recent development, a Mexican media outlet reported that more than 2950 people have been victimized by an alleged crypto trading bot-themed scam.
This is not the first time this reported scam has come into the spotlight after being covered by Milenio, and it is named a ‘cryptocurrency company’ which is named AMG GPT. The additional information notes that the alle
Polish Leader Proposes Demand for Bitcoin Reserve for the Country
Many market experts believe that this Bitcoin theory will create a snowball effect very soon in the future.
The new presidential candidate, Mentzen has also recently disclosed that he had put all his money into Bitcoins back in 2013.
Senator Cynthia Lummis has also proposed the significance of having a Bitcoin reserve and claimed that it can cut the US national debt by $16 trillion, and interestingly the chairman of Microstrategy, Michael Saylor has supported this statement.
Blockchain in Elections: Enhancing Integrity and Trust Worldwide
Not only in India the concern about conducting a fair election has become a myth, The majority of times it is seen that leaders sitting in the opposition question the credibility of EVM and other types of devices used in conducting an election.
So in this informative, we will be discussing how we can leverage blockchain technology in conducting an election. As we all are aware, the introduction of blockchain technology has transformed the traditional ledger which will be partially stirred by t
Quantum Computing Threats Over the Crypto Industry. How to Get Secured?
Quantum computing uses a quantum mechanism which is used to do calculations and it is way faster than a normal computer. Some mechanical effects used by Quantum computers to carry out calculations are superposition, entanglements, decoherence, and interference.
Normal computers use binary bits to store the data but, quantum computers use quantum bits often referred to as qubits It is a rapidly emerging technology and now spreading widely for better use. In this article, we will get to know how
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