The IRS is looking to up its game in terms of ensuring crypto tax compliance, and it wants the industry’s help. The IRS’s Digital Asset Initiative Project Office (DAIPO) issued a Source Sought Notice...
News
ConsenSys Unveils zkEVM Rollup Network ‘Linea’
Ethereum layer-2 ecosystem is heating up with the space seeing yet another entry by ConsenSys, an already established player in the industry. ConsenSys, the firm behind MetaMask, announced the launch ...
Monster Reportedly Approved To Buy Bang Energy Out Of Bankruptcy For $362 Million
Topline Monster Beverage Corp. was granted approval by a judge to acquire Bang Energy— a former Monster rival—out of Chapter 11 bankruptcy for $362 million, Bloomberg reported Wednesday. Cans of Monst...
XDC Network and SolidityScan Forge Powerful Partnership to Strengthen Blockchain Security
XDC Network partnered with SolidityScan to provide users with a more secure platform. Ongoing partnerships are expected to propel XDC to new all-time highs. XDC Network, a leading blockchain platform ...
Lido facing a drought? Lack of liquidity suggests…
Lido’s stETH’s liquidity was low compared to ETH. Activity on the Lido protocol declined as prices took a hit. Lido [LDO] has been at the top of its game despite the DeFi sector’s TVL declining signif...
WTI rallies following soft CPI figures from the US
WTI rose to a high of $76.11 and threatens the 200-day SMA at $77.23. US Inflation declined more than the expectations in June. Stocks jumped, and US Treasury yields declined following the inflation f...
US Government Transfers 9300 Bitcoin (BTC) to Fresh Wallets
The community is speculating if the US government is trying to sell Bitcoin (BTC) after a number of confirmed transactions totaling over 9,300 BTC emerged. Over the years, the US government has seized...
Crypto Exchange Digitex And CEO Ordered To Pay $16 Million In CFTC Case
The United States Commodity Futures Trading Commission (CFTC) has won a default judgment against Adam Todd, CEO of Digitex Futures, and four companies he controlled, with the court ordering Todd to pa...
MSFT Stock: Cybersecurity Offerings From Microsoft Pressure Zscaler, Palo Alto
Microsoft (MSFT) continues to pressure cybersecurity stocks with new products aimed at companies such as Zscaler (ZS), Palo Alto Networks (PANW), Cloudflare (NET), CrowdStrike Holdings (CRWD) and othe...
MarketAcross Forms Alliance with Chainlink Labs to Empower Blockchain Startups
The partnership between MarketAcross and Chainlink Labs highlights a common goal of equipping blockchain companies with the resources and assistance they need to succeed in a competitive market. Marke...
European regulator releases consultative paper on MiCA standards for crypto asset service providers
The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, released a consultative paper on Markets in Crypto-Assets (MiCA) mandates on July 12. It was the first of ...
Positive Indicators And Mixed Ratings
American multinational branded processed consumer foods manufacturer and marketer, General Mills Inc. (NYSE: GIS) stock shows downward movements despite positive performance. General Mills, a renowne...
Binance Labs Invests $15M in Web3 Gaming Startup Xterio
“The Xterio ecosystem is expanding faster than ever and bridges free-to-play genres with on-chain gaming enhanced by AI capabilities,” said Yi He, co-founder of Binance and head of Binance Labs. “The ...
Early investors of Golden Inu’s GOLDEN are up 10X since June
Investors who purchased Golden Inu’s BEP-20 token in June are in profit after GOLDEN rallied 10X in less than six weeks. Analysts note that the surge consolidates the meme coin as one of the top-perfo...
Who Is BBC’s Huw Edwards? Anchor Who Allegedly Paid For Explicit Teen Photos Is Major Network Figure
Topline Well-known BBC figure Huw Edwards was named as the network presenter who allegedly paid for sexually explicit images from a teenager, according to a statement released by his wife Wednesday, a...
Lummis, Gillibrand bring new bill to the table hoping for a different outcome
After months of delays, Sens. Cynthia Lummis, R-Wyom., and Kristen Gillibrand, D-N.Y., will bring their revamped Responsible Financial Innovation Act bill to the Senate floor Wednesday. The new versi...
How SHIB, XRP, ADA Might Benefit as Glassnode CEO Predicts Market Rotation
Tomiwabold Olajide Glassnode CEO hints at opportunities for SHIB, XRP, ADA; market rotation on horizon Glassnode’s CEO, who goes by the name “Negentropic” on Twitter, believes that a...
United States 10-Year Note Auction rose from previous 3.79% to 3.85%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in...
Coinbase Wallet Introduces Instant Messaging via Ethereum Identities
Exchange News End-to-end encryption protects users’ privacy as per the exchange. Users may maintain their XMTP conversation history. Coinbase wallet users may now communicate with one another through ...
A Top Analyst Not Bullish on These Altcoins-Will a Fresh Bearish Wave Be Triggered?
A while ago, very unexpected US CPI rates were announced, wherein the rates were lowered to 3% from the previous 4%. The drop in CPI rates is considered a huge bullish indicator for the crypto space. ...
Tesla Made All Model 3 Vehicles Eligible For The $7,500 IRA Tax Credit. Now It’s Backtracking.
Tesla (TSLA) signaled Wednesday it expects a reduction next year in the $7,500 federal tax credit for all Model 3 vehicle trims. This comes just a month after the global EV giant mysteriously got ever...
Chainalysis Confirms Crypto Crime Down in Mid-Year Report
Blockchain security firm Chainalysis has confirmed a decrease in crypto scams and a 65% decline in illicit flows to criminal entities year-to-date compared to 2022. The movement of funds into high-ris...
Former FTX Exec Under Investigation for Possible Violations of Campaign Finance Law (Report)
US prosecutors have reportedly targeted Ryan Salame – ex-CEO of FTX’s Bahamian subsidiary – over a possible breach of the law when donating funds to his then-girlfriend’s political campaign in 2022. ...
Will UNI Go Bearish Soon?
Uniswap (UNI) is facing a challenging situation as it tries to break out of a descending pattern that has two barriers: a trendline and a 200-day EMA. The crypto’s next move will depend on whether it ...
Digitex Futures Founder Hits With Default Judgment By CFTC For Illegal Activities
Key Points: CFTC obtained a default judgment against Adam Todd and his companies for operating an illegal digital asset exchange Digitex Futures. Todd and his companies attempted to manipulate the pri...
ZkSync Era stablecoin liquidity dips slightly: Why is this a big deal?
ZkSync Era stablecoin liquidity experiences major outflow for the first time in two months. A look at why the ZkSync snapshot may have had an impact on stablecoin liquidity. ZkSync Era reportedly expe...
Will Man Utd Target A New Right Back To Replace Aaron Wan-Bissaka?
MANCHESTER, ENGLAND – MAY 25: Aaron Wan-Bissaka of Manchester United in action during the Premier … [+] League match between Manchester United and Chelsea FC at Old Trafford on May 25, 202...
US Stocks Rally as Inflation Numbers Come in Below Expectations
The Federal Reserve is expected to raise interest rates at its July meeting, according to market estimates. The US stock market witnessed a remarkable surge earlier in the day as traders celebrated t...
Elon Musk kickstarts new AI company to ‘understand the universe’
American business magnate Elon Musk has launched a novel company dubbed “xAI” with the goal of understanding “the true nature of the universe.” According to the July 12 announcement, xAI will wo...
NZD/USD rises to highs since May following soft CPI figures from the US
NZD/USD rose above 0.6295, its highest since May 23. US CPI declined to 3% YoY vs the 3.1% expected, fuelling a decline in US Treasury yields. RBNZ held rates steady, just as expected. On Wednesday, t...
Stablecoin Issuer Circle Cuts Workers, Ends Certain ‘Non-Core’ Activities; Will Continue Hiring Globally
“To maintain our strong balance sheet, Circle is redoubling its focus on core business activities and execution,” a spokesperson for Circle told CoinDesk in an email. “As a result, we have reduc...
BIS report claims crypto is centralized and DeFi amplifies risks
The Bank of International Settlements (BIS) recently showed skepticism about the potential role of crypto in the global monetary framework, citing flaws that originate from the incentives of validator...