KuCoin, a popular cryptocurrency exchange, recently announced that it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users starting from July 8. This decision was outlined in a statement released on July 3, where the firm specified that the VAT would be applied to transaction fees in each trade for
investment
Meta’s CEO, Mark Zuckerberg, is envisioning a future where smart glasses equipped with holographic displays will revolutionize how humans communicate and interact with technology. These glasses, according to Zuckerberg, will eventually replace mobile phones as the primary device for communication and computing. In a recent interview, he highlighted the potential of these smart glasses, which
Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. Analysts had initially anticipated approval by July
Galaxy Digital CEO Mike Novogratz believes that the future of the cryptocurrency sector in the US looks promising, regardless of the outcome of the 2024 presidential election. In a recent CNBC interview, Novogratz emphasized the importance of bipartisan support for crypto. He stated that it is crucial for both parties to back the industry to
In the first half of 2024, Bitcoin and Ethereum have emerged as the most profitable assets, outperforming traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This surge in performance has caught the attention of investors and asset managers alike, who are now taking notice of the potential
Cryptocurrencies have been a topic of discussion and debate in financial circles for quite some time. Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” in which he delves deep into the historical economic patterns from the 1930s to the 1970s and draws compelling parallels to today’s financial landscape. His analysis
Circle made a significant announcement on July 1 by revealing that it had secured an e-money license from France, solidifying its position as the premier global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. This license, granted by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the financial regulator in
Keith Gill, also known as “Roaring Kitty,” is currently embroiled in a securities fraud lawsuit stemming from his involvement in the 2021 GameStop trading frenzy. The class-action lawsuit, filed on June 28 in the Eastern District of New York, alleges that Gill orchestrated a “pump and dump” scheme by leveraging his social media presence to
Futureverse, a prominent player in AI and metaverse technologies, has recently joined forces with Animoca Brands, a trailblazer in digital property rights and blockchain-based entertainment. This groundbreaking collaboration is poised to revolutionize the metaverse landscape by leveraging Animoca Brands’ vast ecosystem of blockchain products with Futureverse’s advanced technology stack. As part of this strategic partnership,
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual with a diverse set of skills. He is a web3 content writer, journalist, and aspiring trader who has made a name for himself in the crypto space. Edyme has contributed to various industry publications such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His journey