Fri, November 22

IRS Files $44B Claim Against FTX; FTT and XRP at Risk

Earlier today, the United States Internal Revenue Service (IRS) filed 45 claims accounts worth 44 billion dollars against FTX, the collapsed cryptocurrency exchange platform. Along with this, it associates with the related firms as well. More About IRS Claims The claim reports include the partner companies of FTX such as

May 11, 2023 1 min read

US Government Sells $98K Worth of Bitcoin: Implications for Cryptocurrency Market

The recent sale of $98K worth of Bitcoin by the US government has caused a stir in the cryptocurrency market. While the amount sold relatively small compared to the total market cap of Bitcoin, it has raised concerns among investors about potential market manipulation and the government’s stance towards cryptocurrencies.

May 11, 2023 2 mins read

Binance Oversights Relocation to UK, says Patrick Hillman

Today, Binance has declared its crypto focus on the United Kingdom (UK) than on the United States (US) since it has become harder to tackle the Biden administration. The chief strategy officer of Binance, Patrick Hillman commented that the last 6 months have been confusingly hectic for the US businesses,

May 10, 2023 2 mins read

BRICS Alliance Set to Challenge US Dollar Dominance With New Currency

The BRICS Alliance reported that they are set to discuss the launch of a common currency used for international trade. This report comes ahead of their annual summit, which will take place this summer. The nations are continuing to put their efforts into degrading the U.S. dollar’s dominance in international

May 10, 2023 2 mins read

Montana Passes Pro-Crypto Mining Bill “Right To Mine” Into Law

Montana Governor Greg Gianforte has signed a pro-cryptocurrency mining bill, S.B. 178, into law. The bill largely prevents local governments in Montana from passing laws that prohibit cryptocurrency mining. It enshrines crypto miners’ rights in the state by revising existing laws to prohibit discriminatory electrical rates for mining firms and

May 5, 2023 2 mins read

Shiba Inu (SHIB) Emerges as Top Memecoin in the US

In recent days, memecoins have gained significant popularity and continue to dominate the crypto market with the launch of new coins. CoinGecko, the world’s largest crypto data aggregator, has conducted research on the top 10 countries leading the memecoin craze in 2023 by analyzing the country’s page views share on

May 4, 2023 2 mins read

Russia Discusses BRICS Expansion, 19 Countries Express Interest

Russia has been actively discussing the expansion of the BRICS economic bloc with other member nations, according to a Russian official. Meanwhile, the group comprises Brazil, Russia, India, China, and South Africa. Discussions are ongoing, and a thorough analysis and delicate internal work by the five countries are required to

April 30, 2023 2 mins read

First Republic Bank is Set to Be Taken Over by the US Government

Before the US market could recover completely from the bank collapse, another major bank crisis occurred in the US. After the continuous collapse of Silicon Valley Bank and Signature Bank, the shares of First Republic Bank dropped to their lowest level after losing half of their value.  The stock price

April 29, 2023 1 min read

Crypto Exchange Binance Strictly Bars North Koreans?

In a speech held on Thursday at CoinDesk’s Consensus 2023 conference, a top compliance employee stated that Binance has discovered a way to keep North Koreans away from its crypto exchange. The head of financial crime compliance at Binance, Tigran Gambaryan, emphasized the exchange’s efforts. He declared that his 700-member

April 28, 2023 1 min read

John Deaton’s Bullishness on XRP Despite Market Volatility and Litigation

Legal conflicts with the SEC over whether XRP is a security have caused market volatility for Ripple’s token. Despite this, John Deaton, founder of CryptoLaw, is certain that XRP will be adopted for international transactions. Good thing I don’t care what you think. But if you’re interested go back to

April 27, 2023 2 mins read