Brazil’s Special Department of Federal Revenue has recently announced plans to collect information from foreign crypto exchanges to ensure compliance with local regulations. The tax department’s initiative aims to investigate how these exchanges operate within the country and whether they are following the regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves emphasized the
David Hirsh, the Chief of the Crypto Asset and Cyber Unit at the Securities and Exchange Commission (SEC), recently announced his resignation from the agency. After spending nine years with the regulator, Hirsh took to LinkedIn to express his gratitude towards his colleagues, mentors, and friends for their support. He mentioned that his career would
The recent trends in the crypto market have shown a shift in investor sentiment, as seen by the significant outflows in digital asset funds. After five weeks of consecutive inflows, last week witnessed a sharp turnaround with $600 million in net outflows, according to CoinShares data. This sudden change in trend has raised concerns among
Ripple’s XRP has shown resilience in the face of negative market conditions, with a 1% increase in the past 24 hours and a 3% rise over the week. This performance has outpaced major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), which saw a decline of approximately 3% during the same time
The Aavegotchi Rarity Farming Season 8 has just been announced, and it is set to bring a significant 150,000 GHST prize pool along with several new features tailored to enhance the competitive experience for participants. This season will introduce double-elimination tournaments, allowing teams to have two chances to compete before facing elimination. In addition, teams
The Vatican Library has recently unveiled an innovative project aimed at expanding the use of Web3 technology. This initiative involves granting non-transferable NFTs to backers of its manuscript collections, allowing them exclusive access to high-resolution images of these priceless artefacts. Italian supporters of the Vatican Apostolic Library are currently invited to participate in this groundbreaking
Bitcoin experienced a rollercoaster ride on Monday, especially during the night, as it plummeted to a new monthly low of $64,000. The volatility was not limited to Bitcoin alone, as altcoins also faced significant fluctuations. This led to a substantial number of traders, 190,000 to be exact, getting wrecked on a daily basis. The weekend
Renowned crypto analyst Jelle has made a bold prediction, suggesting that Ethereum (ETH) is poised to reach $5,000 by the end of the year. This optimistic outlook is backed by a thorough technical analysis, pointing towards a significant price surge for the second-largest cryptocurrency by market capitalization. Following a correction from its March high of
The integration of blockchain technology in mobile gaming is on the rise, as evidenced by the upcoming token launches by Telegram mini-apps Tapswap and Yescoin on The Open Network (TON). This shift is driven by the surge in popularity of clicker games on Telegram, which incentivize players with in-game rewards and the opportunity to earn
The fallout from the collapse of FTX has brought forth a new legal battle regarding millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. The assets in question include airplanes, funds in various banks, shares of Robinhood stock, and political contributions associated with FTX executives.
