CRYPTO MARKET UPDATE

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IRS Seeks Third-Party Contractors to Track Cryptocurrency

The Internal Revenue Service (IRS) is taking steps to ensure proper tax compliance among U.S. taxpayers with cryptocurrency holdings. In its pursuit of enhanced digital asset tax compliance, the IRS…
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Federal Reserve Chair Jerome Powell Advocates for Central Bank Oversight of Payment Stablecoins

In a recent testimony before the House Financial Services Committee, Federal Reserve Chair Jerome Powell emphasized the importance of central bank involvement in the approval and regulation of payment stablecoins.…
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Ripple Receives Approval for Digital Payment Services in Singapore

Singapore, known for its forward-thinking approach to digital innovation, has once again solidified its position as a leading hub for digital assets. The Monetary Authority of Singapore (MAS) has recently…
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Bitcoin: Breaking 30k Barriers and Setting New Records

Bitcoin, the world’s leading cryptocurrency, has been making waves in the financial market. Its recent achievement of surpassing the $30,000 mark and experiencing a remarkable 12% gain within just 24…
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Tether Launches U.S. Dollar-Pegged Tokens on Kava

Tether Operations Limited (Tether), the leading provider of stablecoins, has announced its partnership with Kava, a layer-1 blockchain platform designed for scalability and speed. This collaboration will introduce U.S. dollar-pegged…
BTC Price

Bitcoin Surges to $29,000 Driven by Institutional Support

Despite facing regulatory pressure and scrutiny, Bitcoin remains unfazed, continuing its upward trajectory and surpassing the $29,000 level. This impressive perfocan be attributed to the increasing interest from exchange-traded fund…
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Huobi Founder Li Lin Sues Huobi Global Over Trademark Dispute

Li Lin, the founder of Huobi, has filed a lawsuit against Huobi Global in Hong Kong over the unauthorized use of the Chinese trademark "火币"
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Polygon Labs Proposes Enabling zkEVM Validium Integration

Polygon Labs, the engineering team behind Polygon, has recently published a groundbreaking proposal to upgrade Polygon PoS (Proof of Stake) to a zkEVM (zero-knowledge Ethereum Virtual Machine) validium. This proposed…
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Bitcoin Skyrockets by 7% in 24 Hours, Surpasses $28,000 Mark

Bitcoin, the leading cryptocurrency, has witnessed a remarkable surge in value, surpassing the $28,000 mark. Over the past 24 hours alone, Bitcoin has gained nearly 7%, signaling a resurgence in…
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Andrew Tate Has Bitcoin Holdings Seized Amidst Legal Troubles

Andrew Tate, a well-known controversial influencer faced a setback in mid-February 2023 when Romanian authorities seized his Bitcoin holdings. The seizure involved approximately 21 BTC, valued at around $565,000, belonging…
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EDX Markets, a New Cryptocurrency Exchange Backed by Citadel Securities, Fidelity Investments, and Charles Schwab, Launches Today

EDX Markets, a highly anticipated cryptocurrency exchange, has officially launched today, backed by prominent financial institutions including Citadel Securities, Fidelity Investments, and Charles Schwab
Mastercard teams up with Immersive to enable crypto payments with USDC

Mastercard Takes a Step Further into Cryptocurrency with Trademark Application for Blockchain Tools

Mastercard, a global leader in payment solutions, has made a significant move towards embracing the world of cryptocurrencies by filing a trademark application for a range of cryptocurrency and blockchain-based…
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Binance Works Towards Integrating Bitcoin Lightning Network 

Binance, one of the leading cryptocurrency exchanges, is actively working on integrating the Bitcoin Lightning Network to enhance transaction speed and reduce fees. Recently, eagle-eyed users noticed the presence of…
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Deutsche Bank Seeks Regulatory Approval for Crypto Custody Service

Deutsche Bank, one of Germany's leading asset managers, has taken a significant step into the world of cryptocurrencies by applying for regulatory permission to offer a custody service for digital…
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Bitcoin’s Market Dominance Reaches Over 50%

In a notable shift within the cryptocurrency market, Bitcoin’s market dominance has surged beyond 50%, marking a significant milestone since May 2021. Bitcoin often experiences an increase in its market…
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Do Kwon, Terraform co-founder sentenced to four months in prison

Do Kwon, was apprehended with the fraudulent passport in his possession. Despite his claim of being unaware of its illegitimacy, the court found him guilty and handed down a four-month…
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BNBChain’s opBNB on Testnet Aims to Revolutionize the Gaming and DeFi Space

BNBChain has recently announced the launch of opBNB on testnet, introducing a Layer 2 (L2) solution that leverages the OP Stack. opBNB, with a block gas limit of 100M gas,…
fidality

Fidelity Investments Set to Apply for Bitcoin ETF and Eyes Grayscale Acquisition

Fidelity Investments, a renowned financial firm, is preparing to make a significant move in the world of cryptocurrencies. The company is gearing up to apply for a Bitcoin Exchange-Traded Fund…
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