Bank of Canada Reduces Interest Rate by 0.25%
Months of speculation came to a head on Wednesday when the Bank of Canada (BoC) announced the first interest rate cut of the cycle. The long-awaited and much-anticipated move from the central bank was a decrease of 25 basis points, bringing the policy…
Thailand Welcomes Its First Bitcoin ETF Approval
In a groundbreaking move for Thailand’s financial industry, the Securities and Exchange Commission (SEC) has officially sanctioned One Asset Management, a local asset management enterprise, to debut the country’s first-ever Bitcoin exchange-traded fund…
Coinbase Donates $25 Million to Fairshake’s Super PAC: A Closer Look
In a significant move that underscores the growing influence of the cryptocurrency industry in political circles, Coinbase, one of the leading cryptocurrency exchanges, has contributed $25 million to Fairshake’s super PAC. This…
Turkey Considers Taxing Stock Gains and Crypto Investments in Fiscal Tightening Strategy
Turkey is exploring measures to shore up its budget deficit, including taxing proceeds from investments in stocks and cryptoassets. The move comes as part of a broader fiscal tightening strategy aimed at addressing economic challenges. The…
Michael Saylor and MicroStrategy Settle for $40M Over Tax Evasion Allegations in Washington D.C.
In a landmark settlement, billionaire Michael Saylor and his company MicroStrategy have agreed to pay $40 million to the District of Columbia. This agreement comes after allegations that Saylor had evaded paying income taxes while claiming residency…
DMM Bitcoin Hack: Over $300 Million Lost in Massive Crypto Theft
On May 31, 2024, Japanese cryptocurrency exchange DMM Bitcoin fell victim to a significant security breach, resulting in the loss of over $300 million worth of Bitcoin. The hackers managed to steal approximately 4,502.9 BTC, making this…
Argentina Looks to El Salvador for Bitcoin Guidance: A Path Toward Adoption
In a significant move toward embracing Bitcoin, Argentina is turning to El Salvador, the pioneering nation that made history by adopting bitcoin as legal tender in 2021. High-ranking officials from Argentina’s National Securities…
Gemini Customers to Receive Assets at 232% Above Original Value
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has made a significant announcement regarding its Earn program. Users who participated in Gemini Earn are set to receive their digital assets back in-kind, resulting in an…
Coinbase Appeals SEC Case and FIT21 Act
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC). The central question revolves around whether traditional securities rules should apply to…
PolyhedraZK Responds to zkSync’s Alleged Token Ticker Controversy
In a recent turn of events, PolyhedraZK, a blockchain project leveraging Zero-knowledge proof (ZKP) technology, has taken to social media to express its discontent with zkSync. The bone of contention? The alleged attempt by zkSync to adopt the…