Bitcoin ETFs Under Reevaluation: Gensler’s SEC Updates Approach
The U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler is contemplating a potential paradigm shift in its approach to spot Bitcoin exchange-traded funds (ETFs). Gensler recently hinted at the SEC’s reevaluation of “between eight and a dozen filings”…
SafeMoon’s Bankruptcy Declaration: Cryptocurrency’s Price Freefall
SafeMoon, the once-hyped cryptocurrency, has taken a significant plunge as it officially declares bankruptcy, sending shockwaves across the market. Over the past week, SafeMoon’s price has staggered from $0.000100 to $0.000061, experiencing an 18% decrease. The company’s filing for Chapter…
Brazil’s New Tax Law Targets Overseas Crypto Profits, 15% Levy Effective From 2024
Brazil introduced a new law taxing overseas crypto assets for citizens, setting a 15% levy from 2024, aiming to generate $4 billion in taxes by then. The legislation sparks discussions on enhancing regulatory clarity in crypto taxation, while globally, countries…
Bonk Inu (BONK) Surges 100% Post-Binance Listing, Nearing $2 Billion Market Cap
The cryptocurrency market is abuzz with the meteoric rise of Bonk Inu (BONK), a Solana-based memecoin that has surged by a staggering 100% within the last 24 hours and recorded an unprecedented 1,000% increase over the past month. Its market…
Cathie Wood’s Ark Invest Offloads $43M Coinbase & $1.6M GBTC Shares During Price Peaks
Ark Investment Management, helmed by Cathie Wood, recently divested substantial shares in Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC) as both entities marked new 52-week highs. The move indicates a strategic shift within Ark Invest’s portfolio from cryptocurrencies to emerging…
Top 10 Unique Christmas Gift Ideas For Crypto Enthusiasts In 2023
The Holiday Season is fast approaching, presenting a fantastic opportunity for last-minute gift shopping. For those passionate about crypto, why not consider unique gifts aligned with this interest instead of traditional presents? Here’s a rundown of the top 10 gift…
CoinMENA Secures Dubai Crypto License, Expands Services To UAE Markets
CoinMENA’s acquisition of the VASP license from Dubai’s VARA boosts its presence in the UAE’s crypto market. The regulatory nod signifies Dubai’s aim to become a prominent global crypto hub, attracting more players to the region’s burgeoning crypto landscape. CoinMENA,…
Donald Trump’s “Mugshot Edition” NFTs: An Unconventional Release
Former President Donald Trump has unveiled a new NFT collection, named the “Mugshot Edition,” comprising 47 trading cards, marking his third foray into the NFT space. The Mugshot Collection: Distinctive Features and Benefits In a bold move, Trump digitized a…
Why KuCoin Is Exiting New York After $22 Million Settlement
KuCoin settles a $22 million lawsuit with New York state regulators over alleged commodities and securities violations. New York’s Attorney General Letitia James intensifies efforts against crypto entities, pursuing legal actions to regulate and protect investors within the state. KuCoin,…
Bitcoin’s Recent Pullback: A Positive Move, Says Crypto Expert
Amid concerns about Bitcoin’s potential plunge and the worry of losing recent gains, a crypto expert has offered a refreshing perspective, suggesting that a correction to around $40,000 may not be a negative event for the cryptocurrency. Necessity of a…