Cryptocurrency Analysis and News Portal
Governments have yet to address all the ways crypto might be taxed, the International Monetary Fund (IMF) has realized, and the amount of taxes not imposed or collected may reach well into the tens of billions of dollars. That insight does little to reduce the variety of challenges in taxing
Read More
An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions. Original Source
Read More
Following reports of increased outflows after news of the lawsuit broke, Binance CEO CZ argued that there was potential for on-chain data to be misinterpreted. Crypto exchange Binance has experienced billions of dollars in outflows over the past week. This is according to on-chain data from various data analytics platforms. The
Read More
While data suggests that crypto assets have been flowing out of centralized exchanges at an accelerated pace over the last week, Binance CEO Changpeng Zhao argues it may not be as bad as it appears. Leading analytics platforms such as Nansen and DeFiLlama have all measured increased exchange outflows from Binance
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC alleges that Binance CEO Changpeng Zhao and financial manager Guangying Chen channeled billions from customers through a holding company, igniting new concerns over the crypto exchange’s business practices. In a new court filing, the
Read More
An unconfirmed report states Microsoft and CoreWeave have entered a business partnership worth billions of dollars, to support AI advancement. Microsoft Corporation (NASDAQ: MSFT) is reportedly diving deeper into the AI space and is partnering with specialized cloud provider CoreWeave on a deal worth billions of dollars. The tech giant is
Read More
The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security.Loss of Funds Bug in Aptos and SuiQuick spotlight on an unpublished (but fixed) loss-of-funds bug in
Read More
Coinbase reported that crypto assets like BTC and ETH could help Americans cut the cost of sending money internally, which contributes to the high remittance fees. American crypto company Coinbase (NASDAQ: COIN) explained in a recent report how crypto could help Americans save millions in remittance fees. According to the crypto
Read More
In the past 24 hours, XRP trading made up 37% of all volume on Bithumb, 18% of volume on UpBit, and a staggering 50% of all volume on Korbit, data from CoinGecko and CoinMarketCap shows. These volumes were against the U.S. dollar on UpBit, and against the Korean won on
Read More
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion in exorbitant management fees in violation of the
Read More