GameStop, the renowned American gaming merchandise retailer, has recently announced its decision to remove its cryptocurrency wallets from the market starting from November 1, 2023. This move comes after the company had introduced these features in the spring of the previous year, allowing users to manage digital assets and non-fungible tokens (NFTs). In an official
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Coinbase is set to integrate the Bitcoin Lightning Network (LN) into its platform, according to the exchange’s CEO, Brian Armstrong. This move comes as part of Coinbase’s efforts to drive cryptocurrency payments worldwide. By implementing LN, Coinbase aims to improve the user experience, solve scalability issues, and potentially increase the adoption of Bitcoin. The LN
OpenChat, a blockchain-based chat app powered by the Internet Computer (ICP) network, has recently introduced a groundbreaking feature called “Communities.” This latest addition aims to transform the way users interact and create groups within the app. While OpenChat was initially used by crypto enthusiasts for instant messaging, users began expressing a desire for the formation
The Internal Revenue Service (IRS) has recently made a ruling regarding the inclusion of staking rewards in the gross income of U.S. cryptocurrency investors. This ruling is significant as it considers crypto assets as property for federal income tax purposes. In this article, we will delve into the details of this ruling, its implications for
The crypto exchange giant, Binance, recently made a groundbreaking move by launching its dedicated platform in Japan. This strategic expansion aims to onboard new customers in the country and build a sustainable Web3 ecosystem in Asia. Binance Japan, formerly known as SAKURA Exchange Bitcoin (SEBC), is regulated by Japan’s Financial Services Agency (FSA) and has
In a shocking incident, a scammer successfully executed a zero transfer phishing attack and managed to steal a staggering $20 million worth of Tether (USDT) on August 1. The stablecoin’s issuer, Tether, quickly blacklisted the scammer, but the damage was already done. This incident sheds light on the growing menace of zero transfer phishing scams
The recent request by the U.S. Department of Justice (DOJ) to revoke the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, sheds light on concerning behavior. The DOJ is seeking a detention order against SBF due to his persistent attempts to tamper with witnesses. These actions, as
In a world dominated by centralized freelancing platforms like Fiverr and Upwork, DeeLance has emerged as a disruptor, aiming to decentralize and revolutionize the freelance industry. With its successful presale, raising an impressive $1.7 million, DeeLance is set to embark on a mission to transform remote work dynamics and reshape the $761 billion recruitment sector.
The cryptocurrency market is known for its volatile nature, and once again, investors have been hit hard by the sudden crash of a memecoin called BALD. This new coin, launched on Coinbase’s Base network, garnered a lot of attention with its astronomical rise in value. However, it all came crashing down when the developer allegedly
The Nigerian Securities and Exchange Commission (SEC) has once again emphasized that Binance’s activities within the country are illegal. In a recent statement, the regulator specifically mentioned Binance’s official website and highlighted that the platform is neither registered nor regulated by the Commission. Despite this warning, Binance remains a prominent crypto platform in Nigeria, solidifying
