Recent developments concerning India’s Goods and Services Tax (GST) have unveiled serious infractions in the cryptocurrency sector as authorities have uncovered an astonishing $99.1 million tax evasion case involving 17 exchanges. This alarming figure underscores the growing scrutiny that digital currency platforms face within India’s regulatory landscape. Among the most egregious offenders is Nest Services
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In recent months, the decentralized finance (DeFi) landscape has grappled with an unsettling trend: the surge of sandwich attacks on blockchain networks. Notably, the BNB Chain experienced a staggering 35.5% of its blocks being compromised by such attacks in November alone. This highlights a growing vulnerability within the realm of DeFi, as approximately 43,400 traders
In a noteworthy turn of events in the cryptocurrency market, Ethereum (ETH) has finally crossed the $4,000 threshold for the first time in over ten months. This landmark achievement marks a significant milestone for Ethereum, especially as it concludes the first week of December on a high note with a remarkable 40% increase in value
Bitcoin, the primary cryptocurrency in the digital asset market, is undergoing a tumultuous period that has captured the attention of investors and analysts alike. As it recently breached the significant $100,000 threshold, it swiftly corrected to around $94,000, igniting discussions about the sustainability of its value. However, this apparent setback may not be as dire
The landscape of cryptocurrency is ever-changing, with Ethereum standing out in recent months as a beacon of optimism for investors. With Ethereum’s price recently surpassing the $4,000 mark for the first time since March, bullish sentiments have emerged, particularly fueled by predictions from notable crypto analysts. One such analyst, BallaJi, posits that we could be
The emergence of US Spot Bitcoin Exchange-Traded Funds (ETFs) has marked a significant turning point in both the Bitcoin ecosystem and the wider cryptocurrency market. Since their inception in January 2024, these ETFs have garnered unprecedented attention, leading to a substantial increase in value and holdings. Breaking various records typical of traditional finance, US Spot
The Pudgy Penguins NFT project is making headlines once again, this time with the announcement of launching its very own cryptocurrency, Pengu. As detailed in a recent post on the social platform X, this initiative is set to go live later this year on the Solana blockchain. The new token will boast an impressive total
Samuel Edyme, widely known by his alias HIM-buktu, stands out as a formidable figure in the rapidly evolving landscape of Web3. As a content writer, journalist, and burgeoning trader, Edyme refines the art of digital storytelling, focusing specifically on the complexities of cryptocurrency. His contributions have been instrumental for prominent platforms like AMBCrypto, Blockchain.News, and
Bitcoin, the leading cryptocurrency, has once again showcased its trademark volatility, rising dramatically to $102,000 this past week before succumbing to a sharp correction. It’s a tale as old as cryptocurrency itself: dramatic spikes followed by rapid downturns. After reaching an all-time high of $103,800—an achievement that had been often deemed unreachable by skeptics—Bitcoin faced
In its recent annual report for 2024, the Financial Stability Oversight Council (FSOC) raised pressing issues surrounding the emerging stablecoin market, signaling potential threats to financial stability. The council observed that the rapid growth of stablecoins, which are often promoted as reliable digital counterparts to traditional money, is occurring in an environment of insufficient oversight
