Shatterline Meets HV-MTL: Epic Fusion in the Arena
This spring marked a pivotal transition for the HV-MTL NFT mech suits, originally minted on Ethereum by the creators of the Bored Ape Yacht Club, Yuga Labs. These suits are now set to star in the upcoming free-to-play PC shooter, Shatterline, following their acquisition by gaming startup Faraway. Faraway, which maintains a close relationship with […]
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 […]
$84 Million Crypto Scam: Hedge Fund Owner’s Downfall?
The Illinois District Court has ruled against Sam Ikkurty, a crypto hedge fund owner involved in a Ponzi-like scheme, ordering him to repay nearly $84 million to defrauded investors. The court’s directive includes restitution of $83,757,249 and the disgorgement of $36,967,285, with the latter amount to be offset by any sums already paid towards restitution. […]
Mew vs. Doge: Meme Coin Enters the Battle Arena on Telegram
Mew, a meme coin based on the feline character from Solana’s “Cat in a Dogs World” (MEW), is making a splash in the Telegram gaming world. The cat will star in PixelTap, a combat-focused crypto game developed by Pixelverse, where it will face off against Shibatoni, a formidable dog boss inspired by popular canine-themed cryptocurrencies […]
Friend.tech’s Reversal on Base Migration Sinks Token to Record Low
Friend.tech has made a surprising U-turn in its decision to migrate from the Coinbase-incubated layer-2 network, Base. Initially, on June 10, the platform announced plans to establish its own blockchain, a move that was not well-received by its community. The recent decision to remain on Base has further impacted the platform negatively, sending its FRIEND […]
Ether ETFs Await U.S. Debut
In a significant financial shift, professional investors have withdrawn over $120 million from ether (ETH)-tracked exchange-traded products (ETPs) in just two weeks, according to a recent report from crypto firm CoinShares. This marks the largest outflow since August 2022, with $60 million departing each week. Despite these substantial outflows, the landscape for other crypto ETPs […]
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