Economy

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

Circle Internet Financial, the issuer of the stablecoin USDC, has garnered significant attention in the financial world as it prepares for its initial public offering (IPO). Recent evaluations peg the company's value at approximately $5 billion. This valuation comes after a thorough examination of the company's shares, which have been

On July 22, 2024, the infamous bankrupt cryptocurrency exchange, Mt. Gox, made headlines once again as analysts from Arkham Intelligence observed significant capital movements on addresses associated with the exchange. This latest development saw Mt. Gox transfer 0.021 BTC, equivalent to approximately $1390, to another address, with an additional

IntroductionBillionaire Mark Cuban has recently made headlines with his bold prediction about Bitcoin. He believes that the cryptocurrency has the potential to become the global reserve currency, provided the U.S. dollar continues to depreciate amidst inflation and geopolitical uncertainties. This statement has sparked a wide range of reactions and

Larry Fink, the CEO of BlackRock, recently shared his perspective on Bitcoin, dubbing it "digital gold" and strongly advocating for its potential as a long-term investment. Fink’s endorsement is significant, given his prior skepticism about cryptocurrencies. His change of heart now aligns him with notable Bitcoin supporters such as