The recent issuance of a Wells notice by the US SEC to Uniswap Labs, the entity responsible for the popular Ethereum-based decentralized exchange, Uniswap, has stirred up a storm in the crypto community. Hayden Adams, the founder of Uniswap, took to social media to express his reaction to the SEC’s warning. Despite his stoic stance,
digital assets
Gunzilla Games, a prominent video game developer, recently made a groundbreaking announcement regarding the integration of the GUNZ blockchain into the popular NFT marketplace OpenSea. This strategic move will allow players to trade in-game items for Gunzilla’s highly anticipated first-person battle royale shooter, Off the Grid, along with any future games released on the Avalanche-based
During a recent Senate hearing, Senator Tim Scott criticized the current US administration for making digital assets the scapegoat in efforts to combat terrorism financing. He raised concerns about the Treasury’s exclusive focus on cryptocurrencies, arguing that more traditional sources of funding, particularly those benefiting Iran, are being ignored. Scott pointed out Iran’s $35 billion
In a recent announcement by the Swedish tax authority, Skatteverket, concerning the Value-Added Tax (VAT) treatment of Non-Fungible Tokens (NFTs), there has been a comprehensive ruling regarding the taxation of these digital assets. The authority specified that the standard 25 percent tax rate applies to NFTs associated with digital works. The ruling highlighted that an
The Bitcoin halving is a crucial event that occurs approximately every four years to slow down the creation of new BTC. This built-in mechanism aims to ensure that the last Bitcoin will be mined over a hundred years from now. The reduction in production speed, combined with constant or increasing demand for the asset, theoretically
FTX creditors are expressing strong disapproval of the bankrupt crypto exchange’s decision to sell its Solana holdings at a significant discount to crypto venture firms. The offloading of 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading represents a substantial 62% markdown from the current market
Binance’s NFT marketplace recently made a major decision that has sent shockwaves through the crypto community. The platform announced that it will no longer support Bitcoin Ordinal NFTs after April 18. This means that users will no longer have the option to buy, deposit, bid on, or list these unique digital assets on the platform.
The Ethena token (ENA) has seen a staggering 13% surge in just 24 hours, with an overall increase of 53% since its listing on Binance. ENA serves as a governance token for Ethena’s decentralized finance (DeFi) protocol, offering a yield-earning dollar-pegged stablecoin known as USDe with an impressive 35% APY. Unlike traditional stablecoin rivals like
The cryptocurrency market recently experienced a significant correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price has dropped by approximately 6% over the past week, currently trading around $65,400 according to CoinGecko’s data. One possible reason for BTC’s increased volatility and decline could be attributed to long-term holders cashing out
Lithuania is making headlines in the world of cryptocurrency with the announcement of strict licensing requirements set to be imposed on crypto firms by 2025. This move is expected to have a significant impact on the number of companies operating in the country, as outlined by Central bank board member Simonas Krepsta in a recent