The decision in the tax evasion trial against Binance, a cryptocurrency exchange, is expected from a Nigerian court on October 11th. Among Binance’s four accusations of tax evasion is a failure to register with the Federal Inland Revenue Service (FIRS) of Nigeria. Local media reports that Ayodele Omotilewa, a lawyer
As the crypto market experiences a slowdown, the NFT market is drawing increasing attention. Notably, Mocaverse and the Solana-based Retardio Cousins NFTs are leading the charge. The Retardio Cousins collection, consisting of 4,444 unique items, has seen its floor price rise by 45.22% in the last 24 hours to 19.81
Ethereum (ETH), the largest altcoin, has had a slight revival above $3.1K with a spike of 2.76% in the last 24 hours. The highest weekly ETH price was at $3,164, and the lowest was $3,117. This surge was alongside Bitcoin’s spike of over 2% to $58.3K, creating excitement in the
The crypto market is in a bearish trend, and amid this downturn, the U.S. spot Bitcoin exchange-traded funds (ETFs) had a significant net inflow. While the German government has been going through a strong selling spree throughout this week, the spot Bitcoin ETFs in the U.S. witnessed significant accumulation. According
While the past weeks have been a bearish ride for altcoins, with many hitting yearly lows, XRP also faced a significant drop, reaching a 16-month low of $0.3823 a week ago. However, XRP has shown steady growth, breaking free from the bearish trend and reaching a 22-day high of $0.5021,
In the past few weeks, the German government’s Bitcoin selling was the most discussed and watched within the crypto community. The government of Germany in a span of three weeks has managed to sell a notable 50,000 BTC. In the last 24 hours, their BTC holdings have fallen to almost
Coinbase CEO Brian Armstrong recently cut down on his holdings in the cryptocurrency exchange, according to reports. On Thursday, July 12, Armstrong sold off approximately $5 million worth of COIN shares. The recent decline in COIN stock price may have been accelerated by the dump. Brian Armstrong reportedly received $4.92
With the announcement of an additional $2 million in private fundraising, Pixelverse, a Web3 brand and game ecosystem, has brought its total raise to $7.5 million. The company’s expansion of its private round drew in several prominent web3 venture capital firms. The $2 million in investment was funded by Arc Community, Crit
The bullish streak for the U.S spot bitcoin exchange-traded funds (ETFs) reached five days on Thursday, with a total daily net inflow of $78.93 million. SoSoValue data shows that the biggest net inflows of the day were $72.09 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net asset
Polkadot, a blockchain network focused on interoperability, has released the Join-Accumulate Machine (JAM) Chain. This upgrade is a new solution for scalability and performance. Polkadot is always pushing the limits of what’s possible. What is the JAM Chain? The Join-Accumulate Machine (JAM) will replace Polkadot’s relay chain with a more
