China Fines Bitmain $3.6 Million for Tax Violations, Report
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto…
SOL Price Prediction: Solana Rally Seems Far From Over, $30 Soon?
Solana is moving higher above the $23 resistance against the US Dollar. SOL price could rally further if there is a clear move above the $25 resistance. SOL price is showing positive signs above the $22 pivot level against the US Dollar. The price…
Crypto VC funding hits 2-year low, US firms still favorite: Galaxy Research
Despite macroeconomic headwinds, a Galaxy Research report says activity could rebound in the second quarter of 2023 following recent crypto price increases.
Ethereum Price Eyes Key Upside Break, $2,200 On The Horizon
Ethereum price found support near $1,855 and climbed higher against the US Dollar. ETH bulls seem to be aiming for a clear move above the $1,925 resistance. Ethereum remained stable near the $1,855 and $1,850 levels. The price is trading above…
G7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies
The G7 countries are discussing more crypto regulation and ways to help developing nations introduce central bank digital currencies (CBDCs). “As a priority of this year, the G7 will consider how best to help developing countries introduce…
Bitcoin Price Holds Ground Post US CPI and Looks Primed for More Gains
Bitcoin price is consolidating gains near the $30,000 zone. BTC could start another increase if it clears the $30,250 resistance zone. Bitcoin corrected lower and tested the $29,650 support zone. The price is trading above $29,650 and the 100…
‘ChatGPT-like personal AI’ can now be run locally, Musk warns ‘singularity is near’
The AI model “GPT4All” isn’t as powerful as OpenAI’s ChatGPT-4 but requires just 4GB of space and doesn’t need the internet, providing immunity to AI censorship.
Zambia’s crypto regulation tests to be wrapped by June: Report
According to Zambia Tech Minister Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto.
BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’
The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the…
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
The International Monetary Fund’s (IMF) economic counselor has warned of the side effects of sharp monetary tightening. Noting that “Inflation is much stickier than anticipated,” he stressed that “financial risks have risen.” IMF…
Paxos set to withdraw from Canada amid regulatory uncertainty
Paxos assured its customers that their funds would "remain safely" in their accounts, but advised users to withdraw all balances from their accounts at their earliest convenience.
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S…
Blockchain Association files brief in Tornado Cash case
The advocacy group was joined by the DeFi Education Fund in arguing that the crypto mixer has important social functions and OFAC could set a dangerous precedent.
FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’
Five months after the spectacular implosion of FTX, the Bahamas-based exchange’s new legal team has a message for both the U.S. bankruptcy court and creditors alike: “The situation has been stabilized and the dumpster fire is out.”
Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada
Paxos, whose businesses include crypto brokerage and stablecoin issuance, is exiting the Canadian market, effective June 2, according to a posting on its website.
DeFi Insurer Nexus Mutual Demands $2M Refund From Euler Hack Claimants. One User Traded it Anyway
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too.
Bitcoin And Inflation: What’s Next For BTC After CPI Rates Came In Lower Than Expected?
As the highly anticipated Consumer Price Index (CPI) report was released, the cryptocurrency market has been on a rollercoaster ride this week. While the CPI came in lower than expected, indicating a cooling down of inflation, the impact on the…
Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview
Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBC’s Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling…
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