Day: July 5, 2024

Crypto Champions in the Senate: Multicoin’s Million-Dollar Bet

Multicoin Capital, a prominent U.S. investment firm with a keen focus on cryptocurrency, has announced an ambitious initiative pledging up to $1 million to support Senate candidates who are proponents of the crypto industry. The firm’s financial backing targets four Republican candidates: Sam Brown in Nevada, David McCormick in Pennsylvania, Bernie Moreno in Ohio, and […]

Sahil Arora’s Crypto Mess: $380K and No Tokens?

Celebrity cryptocurrency promoter Sahil Arora is under scrutiny after allegations surfaced that he mismanaged $380,000 raised in a presale for a token he claimed was endorsed by rapper Iggy Azalea. Participants allege that despite contributing significant amounts in SOL, the promised tokens have not been delivered. One participant detailed sending 5 SOL ($670) to Arora […]

KuCoin Springs VAT on Nigeria’s Crypto Trades: A New Tax Era?

In a significant move signaling regulatory changes, cryptocurrency exchange KuCoin announced it will start imposing a Value-Added Tax (VAT) of 7.5% on transaction fees for its Nigerian users, effective from July 8, 2024. This decision follows a “regulatory update” in Nigeria, marking a pivotal shift in the country’s approach to cryptocurrency taxation. KuCoin, in an […]

German Lawmaker Slams Government’s Bitcoin Sell-Off Strategy

Joana Cotar, a pro-Bitcoin member of the German Bundestag, has openly criticized the German government’s decision to liquidate a significant portion of its Bitcoin holdings. Her concerns arise as the government initiates transfers of Bitcoin, totaling hundreds of millions of dollars, from state-controlled wallets to exchanges and trading desks. Just today, blockchain intelligence firm Arkham […]

Chimaev’s Crypto KO: SMASH Coin Takes a Dive!

Undefeated UFC superstar Khamzat Chimaev, having not fought for nine months, has taken a controversial dive into the cryptocurrency world by promoting his own meme coin, “SMASH.” This move follows a common trend among celebrities who hint at investing in crypto only to launch their own digital tokens shortly afterward. On Tuesday, Chimaev teased his […]

Crypto Crash: Bitcoin Plummets, Triggers $580M Liquidation Storm

The cryptocurrency market has experienced a severe downturn, with Bitcoin’s price dropping to its lowest level since February. This decline has led to a significant wave of liquidations, with over $500 million in long positions wiped out in the last 24 hours alone, marking the most substantial single-day loss since mid-April, as per CoinGlass data. […]