Author: Anshul

Grayscale Launches New Low-Fee Bitcoin Mini Trust

Grayscale Investments has unveiled its latest financial innovation, the Bitcoin Mini Trust, set to be listed on the NYSE Arca with the ticker symbol BTC. This new fund emerges as a strategic manoeuvre to offer a more cost-effective investment option in the digital asset space, boasting an impressively low fee rate of just 0.15%. Introduced […]

IRS Drafts New Crypto Tax Reporting Rules

The Internal Revenue Service (IRS) has unveiled a preliminary version of Form 1099-DA, aimed at brokers and exchanges involved in digital asset transactions. This early release offers a glimpse into potential categorizations and reporting obligations for various operators within the cryptocurrency sector. The draft highlights distinct types of brokers including kiosk operators, digital asset payment […]

Runes Protocol: Navigating the New Crypto Frontier

The blockchain and cryptocurrency landscape is continually evolving, and a new chapter is unfolding with the upcoming launch of the Runes protocol. Developed by the same visionary behind Bitcoin Ordinals, Runes is setting out to challenge the established BRC-20 token standard, coinciding with the anticipated Bitcoin halving event. Since its announcement, Runes has generated significant […]

SEC Escalates Case Against Tron’s Justin Sun

The U.S. Securities and Exchange Commission (SEC) has intensified its legal actions against prominent figures in the industry. The latest development involves an amended complaint filed by the SEC against Justin Sun, the founder of Tron, asserting that Sun’s frequent travels to the U.S. bring him within the reach of U.S. jurisdiction. The complaint details […]

Binance Shifts SAFU to USDC for Stability

Major crypto exchange Binance has recently made a significant change to its Secure Asset Fund for Users (SAFU), converting the entirety of this emergency insurance reserve into USDC, the second-largest stablecoin by market capitalization after Tether. The SAFU is designed as a safety net for Binance users, providing reimbursement in the event of lost investor […]

Navigating the Bitcoin Halving: Miner Perspectives

Almost everyone is eagerly anticipating Bitcoin halving, viewed broadly as a catalyst for a bullish market surge due to the expected supply crunch from reduced token creation. This event, which reduces the number of new tokens mined and thus potentially increases the price of Bitcoin (BTC), is particularly significant as it happens once every four […]

Xai Foundation Launches New Staking Pools

The Xai Foundation, renowned for fostering the Xai layer-3 gaming network which utilizes Arbitrum’s scaling solutions on Ethereum, has unveiled an innovative staking pool system aimed at enhancing user engagement within its ecosystem. This development introduces esXAI, a new token that represents an escrowed version of the original XAI token, designed to facilitate the staking […]

Hong Kong’s Imminent Bitcoin and Ethereum ETFs

Hong Kong’s financial landscape is on the brink of a significant evolution with the potential launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April. This move, articulated by Markus Thielen of 10x Research in an interview, reflects a pivotal shift in the region’s approach to cryptocurrency. Thielen, a seasoned analyst […]