Economy

In a significant development, Nigerian authorities have decided to drop the tax evasion charges that were previously leveled against top executives of the cryptocurrency exchange platform Binance. According to the Federal Inland Revenue Service (FIRS), the charges have been reassessed and will now be redirected towards the platform itself rather

ProShares has officially submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) for the registration of a spot Ethereum-ETF. This move marks a significant step in the company's efforts to launch an exchange-traded fund that tracks the price of Ethereum directly, rather than through futures contracts.

In a recent cybersecurity breach, hackers managed to gain unauthorized access to two user accounts on the cryptocurrency exchange OKX, by exploiting vulnerabilities in the SMS verification process. The incident was detailed by the security analysts at SlowMist, who reported that the hackers not only accessed the accounts but also

Evgeny Gaevoy, the CEO of Wintermute, recently made a significant statement that resonated throughout the cryptocurrency community. According to him, the primary issue Ethereum might face in the future is not technological competition but internal contradictions among the so-called "elite" of the community. Internal Contradictions within the CommunityGaevoy pointed out

In the constantly evolving landscape of cryptocurrency, transaction fees can sometimes soar to staggering amounts. The MEV bot known as "jaredfromsubway.eth" has recently made headlines by spending a substantial sum of 212.85 ETH, approximately $820,000, on gas fees alone from June 5 to June 6, 2024. This

Cryptocurrency exchange FTX has submitted a draft agreement to the U.S. Internal Revenue Service (IRS), proposing to pay $885 million to settle tax disputes. Of this amount, $200 million will be paid as a priority claim, and $685 million will be paid after settling other claims. According to the

The Mint project team has proudly announced the completion of their initial funding round, successfully raising $5 million. This significant financial milestone was supported by a host of venture capital firms including SNZ Capital, Antalpha Ventures, BlockAI Ventures, and Predator Capital. This funding round marks a pivotal moment for Mint

In a significant move within the cryptocurrency investment space, BlackRock has recently made a substantial investment in its own spot Bitcoin exchange-traded fund (ETF). According to filings with the Securities and Exchange Commission (SEC), two of BlackRock's funds, the BlackRock Strategic Income Opportunities Portfolio Institutional Shares (BSIIX) and the BlackRock