In a shocking turn of events, an anonymous cryptocurrency investor known as “Sell When Over” on X recently reported a staggering loss of $800,000 due to the presence of two suspicious Google Chrome browser extensions. The investor initially voiced their concerns on X, disclosing that they had noticed a loss of $500,000 across multiple wallet
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As Bitcoin continues to show signs of strength, cryptocurrency analyst Michael Van De Poppe has made a bold prediction regarding the future of BTC. He anticipates that Bitcoin will reach an impressive $300,000 during this current bull cycle. Despite facing resistance and struggling to maintain its price above $73,000, Van De Poppe remains optimistic about
A Nigerian High Court in Abuja has ordered that the detained Binance executive Tigran Gambaryan be remanded in prison following the postponement of his bail hearing. Gambaryan, a US citizen, pleaded not guilty to money laundering charges earlier today and will remain in custody until his bail hearing on April 18. The trial will commence
In a recent announcement, the Swedish tax authority, Skatteverket, made significant rulings on the Value-Added Tax (VAT) treatment of Non-Fungible Tokens (NFTs). With the growing economic importance and interest in NFTs within the digital realm, the authority clarified that the standard 25 percent tax rate applies to NFTs associated with digital works. The ruling highlights
Solana meme coins have been making waves in the cryptocurrency market recently, with SLOTH being one of the standout performers. While Bitcoin and Ethereum have seen modest gains of around 4% and 7% respectively, Solana has lagged behind with only a 1.7% increase in value over the last 24 hours. This has led to other
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in attracting new users to their blockchain platforms. According to the latest report by Flipside, Ethereum and Polygon collectively acquired a substantial number of new users, with Ethereum gaining 13.4 million and Polygon boasting 12.3 million.
The Cardano (ADA) network has recently achieved a significant milestone in terms of the number of transactions processed. Data from Cardano’s weekly development report indicates that the network has processed 88.6 million transactions to date. This milestone is crucial as sustained network activity can have a positive impact on ADA’s price. The achievement also dispels
The persistent disconnect between policymakers and technology often leads to regulations that overlook crucial aspects of new technologies. In the United States, lawmakers and regulators are faced with the daunting task of regulating emerging technologies such as blockchain and artificial intelligence. Senator Cynthia Lummis has recognized the importance of innovation in the financial sector and
Bitcoin kicked off the year 2024 with an impressive surge, climbing over 73% in the first quarter to hit a new all-time high of $73,750. Despite the subsequent price correction, the major stakeholders in Bitcoin have displayed a consistent pattern of accumulation in the first three months of the year. This accumulation trend suggests a
Bitcoin halving is a process that occurs approximately every four years, aimed at slowing down the creation of new Bitcoins. This mechanism ensures that the last Bitcoin will be mined over a hundred years from now, despite the fact that over 19.6 million Bitcoins are already in circulation. The reduction in production speed, coupled with
