The Fantom Foundation, a blockchain platform, has fallen victim to a security breach resulting in the loss of nearly a million dollars in cryptocurrencies. The hack, which was confirmed by blockchain security platform CertiK, saw Ethereum and Fantom coins worth $657,000 drained from the wallets of the Fantom protocol. However, the foundation assured users that […]
Binance’s Chief Marketing Officer (CMO) recently praised the ability of cryptocurrencies to give people control over their finances. However, the CMO also expressed concerns about the state of public trust in the crypto industry. Binance, one of the largest cryptocurrency exchanges in the United States, is facing the challenge of navigating growth, building trust, and […]
Ethereum co-founder Vitalik Buterin has denied recent reports suggesting that he has been selling Ethereum (ETH) and other cryptocurrencies for personal gain. In a statement, Buterin clarified that the recent transfers from his wallets were primarily donations made to charitable organizations and projects. He emphasized that he hasn’t sold ETH for personal gain since 2018. […]
Ethereum founder Vitalik Buterin has addressed concerns regarding recent transfers of digital assets from his crypto wallet. Buterin explained that the large-scale ETH transactions were not sold by him but were mostly donations to charity organizations and other projects. He emphasized that he had not sold ETH for personal profits since 2018. Buterin is known […]
Ethereum co-founder Vitalik Buterin has refuted claims that he is dumping his ETH holdings, stating that he has not sold the digital asset for personal gain since 2018. Recent reports suggested that Buterin was divesting his holdings after wallets connected to him sent Ethers to exchanges. However, Buterin clarified that these transactions were actually donations […]
Major cryptocurrency exchanges and businesses are flocking to the Persian Gulf region, attracted by the progressive regulatory frameworks in countries such as Dubai, according to Alex Chehade, the general manager of Binance FZE. Chehade highlights the regulatory certainty and clarity in the Middle East, with Dubai having a virtual-asset-specific regulator and the acceptance of cryptocurrencies […]
The Council of the European Union has officially adopted the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule. This regulation, which follows the enactment of the Markets in Crypto-Assets (MiCA) legislation, will come into force once it is published in the Official Journal of the EU. DAC8 aims to […]
The European Central Bank (ECB) has emphasized the need for a comprehensive regulatory framework for decentralized autonomous organizations (DAOs) in the financial sector. In an occasional paper titled “The future of DAOs in finance – in need of legal status,” the ECB highlighted how the rapid advancement of technology has outpaced regulation, posing risks to […]
The US Securities and Exchange Commission (SEC) is showing increased communication with applicants for spot Bitcoin exchange-traded funds (ETFs), a departure from its usual silence on the matter. This comes after fake news circulated about BlackRock’s Bitcoin ETF approval, adding to the anticipation surrounding potential SEC acceptance. Major players in the investment world, such as […]
The European Union (EU) has implemented a new directive aimed at enhancing collaboration among member states regarding the sharing of tax data related to cryptocurrencies. This move is intended to strengthen the existing norms surrounding crypto taxation and improve cooperation between national tax authorities. The directive seeks to address the challenges posed by the decentralized […]
