The European Parliament has recently given its approval to DAC8, a measure that aims to introduce tax reporting requirements for cryptocurrency transactions across the European Union (EU). With an overwhelming majority of 535 in favor, 57 against, and 60 abstentions, the proposed rule has successfully passed its final legislative hurdle and is on its way
The recent early dismissal of BlackRock’s planned spot Bitcoin exchange-traded fund (ETF) may seem like a setback, but according to Nasdaq executive Giang Bui, it is unlikely to affect the eventual success of the product. While the rejection by the U.S. Security and Exchange Commission (SEC) was based on regulatory procedural issues, it does not
Pixels, the popular social browser game, is making significant strides in the Web3 gaming sector. Initially launched on the Polygon blockchain, it has garnered a solid user base and achieved remarkable success. With over 1.5 million on-chain transactions recorded monthly, Pixels has firmly established itself as a force to be reckoned with in the gaming
Stablecoin issuer Paxos has recently released the first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin. The report has provided insights into the backing of the coin, reassuring users that it is fully backed by assets. As of August 31, 2023, the total tokens outstanding amount to $44.4 million, while the total assets held
The recent hack of over $27 million on the cryptocurrency exchange CoinEx has sent shockwaves through the industry. The attack was recently attributed to the notorious North Korean Lazarus Group, as reported by the blockchain security firm SlowMist on September 13. This revelation sheds light on the increasing threat posed by state-backed actors in the
The cryptocurrency market is buzzing with excitement as a brand new stake-to-earn cryptocurrency, Bitcoin BSC ($BTCBSC), prepares to launch. With the presale already hitting the $1.3 million milestone, investors are eagerly anticipating the potential of this token. In this article, we will explore the unique features of Bitcoin BSC and why it has gained significant
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal regarding the sale of its Bitcoin and crypto holdings. These adjustments come as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which will be
EmotiCoin (EMOTI) has recently emerged as the breakout on-chain token of the week, showcasing dramatic upside price action driven by its high-octane tokenomics. The market excitement surrounding EmotiCoin can be attributed to its unique Reverse Split protocol, a deflationary mechanism that reduces the total supply every 4 hours over a 14-day period, in 20% increments.
The crypto industry is filled with misconceptions, including the belief that a project does not require a US legal opinion. However, this misconception couldn’t be further from the truth. Many crypto exchanges have faced responsibility and significant fines due to the distribution of securities without proper legal opinion. The ongoing legal battle between the US
Global cryptocurrency exchange CoinEx recently fell victim to a major security breach that resulted in a loss of at least $29 million. The hackers targeted the firm’s hot wallets, leaving blockchain investigators alarmed by a series of suspicious transactions. On Tuesday, crypto security platform Cyvers reported the breach and urged CoinEx to immediately suspend all
