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
Crypto
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 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
Cybercriminals are constantly adapting their methods to maximize their chances of success. As ransomware attacks lose their appeal due to businesses refusing to pay the ransom, malicious entities are turning to a more covert strategy: cryptojacking. By harnessing stolen computing power, these criminals engage in cryptocurrency mining without the knowledge or consent of the device
Amidst a lack of bullish signals in the market, Shiba Inu (SHIB) experienced a significant 6% increase over the past day, driving its monthly gains to almost 12%. This surge can be attributed to the recent launch of the Shibarium Beta Bridge, which is part of the Shiba Inu project’s ambitious roadmap to transform into
The cryptocurrency exchange, Crypto.com, has recently made significant strides in its global expansion efforts. The company has been actively collaborating with regulatory authorities in various countries to secure approvals and authorizations. In a notable achievement, the central bank of the Netherlands, De Nederlandsche Bank (DNB), has granted Crypto.com regulatory approval as a provider of digital
The House Financial Services Committee (HFSC) faced significant challenges in reaching an agreement for stablecoin legislation on Thursday. A number of disagreements between Democrats and Republicans hindered progress, resulting in a deadlock. Committee Chair Patrick McHenry (R-NC) pointed the blame at the White House for stalling the bill, while Democrats accused Republicans of trying to
In a surprising turn of events, Twitter has undergone a sudden rebranding, now known as X Corp. This unexpected move has left many people bewildered, but it appears that Elon Musk has had a grand vision for the platform for quite some time. Let’s delve into what we know about Musk’s plans for transforming the
The United States Securities and Exchange Commission (SEC) has taken a significant step forward in the potential approval of spot Bitcoin exchange-traded funds (ETFs). Currently, the SEC is reviewing applications from six prominent companies, including BlackRock and Fidelity Digital Assets. This development has triggered excitement within the crypto space, as previous attempts to launch such
Wall Street Memes (WSM) is creating a buzz in the cryptocurrency community, with its presale quickly approaching the $17 million mark. This meme coin has garnered attention due to its strong social media following, experienced team, and promising tokenomics. In this article, we will explore the factors contributing to the success of Wall Street Memes
