Economy

In a significant development in the cryptocurrency world, an Ethereum whale associated with the initial coin offering (ICO) has re-emerged from a two-year slumber, transferring a substantial sum of 3,510 ETH to the Kraken exchange. This movement was highlighted by analysts from the blockchain analytics platform Lookonchain, who observed

In a recent and significant move that is set to reverberate through the cryptocurrency world, eToro, one of the leading global trading platforms, has announced that it will discontinue trading on almost all cryptocurrency assets except for Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). This decision comes in the

The latest report from Gemini reveals fascinating insights into the adoption of cryptocurrencies among investors. The comprehensive study involved 6,000 participants from the United States, the United Kingdom, France, Singapore, and Turkey, offering a global perspective on the trends driving cryptocurrency investment. One of the key findings is that

The security-focused artificial intelligence startup, Safe Superintelligence (SSI), has successfully raised $1 billion in investments from major venture capital firms, including Andreessen Horowitz, Sequoia Capital, DST Global, SV Angel, and NFDG. This funding has boosted the company’s valuation to $5 billion, positioning it as one of the most promising

Ethereum co-founder Vitalik Buterin has publicly expressed his support for California's groundbreaking artificial intelligence safety bill, SB 1047. This legislation, aimed at ensuring AI systems are developed and deployed responsibly, represents a pivotal moment in the intersection of technology and regulation. Buterin, a leading voice in the tech industry, welcomed

In September 2024, the Federal Inland Revenue Service (FIRS) of Nigeria plans to introduce a bill that will regulate the taxation of digital assets, according to reports from local media sources. This move is set to provide a framework for taxing companies operating in the cryptocurrency and digital asset sectors

From August 6th to 7th, 2024, Binance experienced a staggering net capital inflow of $2.2 billion, marking a significant milestone in the cryptocurrency exchange's history. This surge, as reported by DeFiLlama, occurred amidst the crypto market's attempts to recover from a severe downturn. Record-Breaking Inflows and Market Impact The

The recent downturn in the cryptocurrency market has garnered significant attention, with experts attributing the decline to several key factors, notably the actions of the brokerage firm Jump Trading. The Role of Jump Trading in the Market DownturnMany specialists point to Jump Trading's aggressive portfolio sell-off as a significant catalyst