In a recent statement shared on Kenya’s Ministry of the Interior official Facebook page, it was announced that the Kenyan Government has suspended the activity of Worldcoin, the digital identity crypto project. This comes as a response to concerns regarding the project’s collection of biometric data, specifically, iris and eyeball data. The Capital Markets Authority
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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
Miami mayor Francis Suarez recently found himself embroiled in controversy when it was revealed that his presidential campaign received a massive $500,000 donation from PassionForest, LLC, a crypto firm. The donation, made on October 28, 2022, attracted the attention of the Campaign Legal Center, which filed a complaint on July 25, 2023, alleging that PassionForest
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 recent episode of “The Market Report” delves into the controversy surrounding the BALD token rug pull and the alleged involvement of FTX founder Sam “SBF” Bankman-Fried. The token, launched on Coinbase’s Base network, experienced significant gains in late July. However, suspicions arise regarding the manipulation of BALD’s price through fake volume and orchestrated trading
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
Pepecoin (PEPE) has experienced a difficult week in the cryptocurrency markets, with downward movements dominating the chart. This downward trend has seen PEPE slide down by 13% since Sunday. The technical structure of PEPE has been facing challenges due to resistance from the 20DMA since July 16, causing a state of fearful anxiety among PEPE
NFT marketplaces have gained significant attention in recent times as more artists and collectors flock to these platforms. However, navigating this emerging market can be daunting without proper understanding and knowledge. In this article, we will provide valuable tips to help buyers and sellers effectively navigate NFT marketplaces and make informed decisions. Before delving into
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
