Recently, KuCoin announced that it would be introducing a 7.5% value-added tax on trading fees for Nigerian users starting on July 8. This decision has raised eyebrows in the crypto community as it marks a significant shift in the taxation landscape for digital assets in the country. The firm stated that the VAT would be
Cardano (ADA) has recently experienced a significant retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, unlike Bitcoin (BTC) and Ethereum (ETH), ADA has now shown a deviation from the broader market struggles by exhibiting a 2% increase in the past 24 hours and over 12%
Asset managers are eagerly awaiting the Security and Exchange Commission’s approval for the first U.S. ETFs directly investing in Ethereum. There is optimism that this approval may come as soon as mid-July. The SEC has set a deadline of July 8 for ETF applicants to submit updated paperwork and amended S-1s, with possible additional rounds
Ethereum’s price faced a setback after reaching the $3,500 mark on Monday, dropping back to the $3,400 support level due to a delay in the full approval of Ethereum ETF applications by the Securities and Exchange Commission (SEC). The SEC was expected to approve the applications by July 2, but issuers were requested to submit
Fundstrat’s head of research, Tom Lee, has once again made headlines with his prediction that Bitcoin will surge to $150,000. This bullish outlook on the pioneer cryptocurrency has sparked a debate among investors and analysts alike. While some believe in Lee’s optimistic forecast, others remain skeptical about the feasibility of such a sharp price increase.
Galaxy Digital CEO Mike Novogratz has shared his optimistic outlook on the regulatory environment for cryptocurrencies in the US. He emphasized the importance of bipartisan support, stating that crypto should not be a partisan issue. Despite some opposition from lawmakers like Senator Elizabeth Warren, Novogratz believes that the majority of US politicians are leaning towards
SBI Holdings, a financial services company based in Tokyo, Japan, has made a groundbreaking announcement in partnership with Ripple. They are introducing an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This initiative is part of the ‘EXPO 2025 Digital Wallet’ project, which aims to enhance the Expo experience through
Bitcoin, the leading cryptocurrency, has seen a 15% drop in price since reaching an all-time high of over $73,500 in mid-March. Despite this significant decline, there are indications that the bull run may not be over yet. Various factors point to potential buying opportunities for investors looking to capitalize on the market situation. One of
In the first half of 2024, Bitcoin and Ethereum have emerged as the standout performers in the financial market. These cryptocurrencies have managed to outshine traditional investment options such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This incredible performance has caught the attention of many investors and analysts alike.
Billionaire investor Mark Cuban recently highlighted the challenges faced by token-based companies when it comes to registering with the US Securities and Exchange Commission (SEC). Cuban’s concerns stem from SEC Commissioner Mark Uyeda’s acknowledgement that the current approach to crypto disclosure filings is “problematic.” The existing Form S-1, which is required for companies to offer
