The recent surge in Bitcoin prices has brought back the bulls into the crypto market, with the spotlight shining on Spot Bitcoin ETFs once again. According to Farside Investors, the Spot Bitcoin ETFs have seen a remarkable amount of inflows, with a total of $243 million recorded on March 27. Interestingly, this influx of funds
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On March 27, the US Department of the Treasury and its Office of Foreign Assets Control (OFAC) took action against the Palestinian news network Gaza Now. This move came as a result of allegations that the network was supporting Hamas, a designated terrorist organization. The Treasury sanctions not only targeted Gaza Now but also designated
Learn how to navigate the complex world of cryptocurrency taxes and effectively report and pay taxes on your cryptocurrency gains.
The cryptocurrency market has seen a significant surge in meme coins, with popular tokens like DogWifHat (WIF) and Dogecoin (DOGE) experiencing substantial gains. Over the last week, DogWifHat has shot up by an impressive 42%, while Dogecoin has surged by 37%. These meme coins have outperformed other leading cryptocurrencies like Bitcoin and Ethereum, which have
Following the US authorities’ criminal charges against KuCoin, the embattled crypto exchange faced a surge in withdrawal requests from various categories of traders. Data from DefiLlama, Nansen, and SpotOnChain indicated a significant increase in withdrawals, including whales, funds, smart money, and market makers. During the reporting period, SpotOnChain reported withdrawals totaling around $500 million, with
The recent allegations against major cryptocurrency exchange KuCoin and its founders for failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures have sparked controversy within the crypto community. This article will delve into the details of the accusations, the implications for KuCoin and its founders, as well as the impact on the cryptocurrency market.
Recent US criminal charges against KuCoin have raised concerns about the exchange’s operational stability. However, CEO Johnny Lyu has reassured users that their funds are safe and that the platform will continue to function without any disruptions. Despite facing allegations of flouting anti-money laundering laws, KuCoin remains confident in its ability to provide a secure
Portugal’s National Data Protection Commission (CNPD) has taken a firm stance against Worldcoin, imposing a ban on the collection of biometric data for a period of three months. The decision comes as a result of several concerning factors raised by the CNPD, including the lack of age verification mechanisms for members and the collection of
The cryptocurrency market has been buzzing with excitement as a new meme coin, LIGMA token, has taken center stage with an astonishing +188,000% gain in less than 24 hours. Despite its provocative name, LIGMA has caught the attention of investors due to its claims of launching the fastest nodes on the Solana network. The token
The recent sanctions imposed by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on entities and individuals in the Russian financial and technology sectors have sent shockwaves through the international community. These sanctions target companies operating in virtual assets that enable the evasion of US sanctions, as well as those providing