Suit Against Coinbase Is Heading to the Supreme Court
A crypto-centered lawsuit with popular digital currency exchange Coinbase as the defendant is heading to the Supreme Court. This marks the first time such a high-ranking court in the U.S.…
Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges
According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital…
What is a Medium of Exchange? A Comprehensive Guide
Medium of Exchange As society’s structure and organization became more complex over time, the need for an evolving monetary system arose from the limitations of barter. Barter is not suitable…
Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and…
Bitcoin value falls below $30,000: suspicious movements associated with Mt. Gox exchange
Bitcoin’s value in recent days has seen a correction from the local top of $31,000, touched on 14 April, to the current $28,000. Meanwhile, many BTC belonging to wallets associated…
Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey
Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly…
Tribe Capital could invest $250 million to relaunch crypto exchange FTX
The FTX crypto exchange, which collapsed in November 2022, could be partially relaunched should Tribe Capital, an American venture capital firm, invest $250 million into it, which is in its…
KuCoin announces support for the network upgrade of the Terra Network
Users on KuCoin holding LUNA in their respective accounts will be extended all possible technical assistance as the Terra Network announces a major network upgrade. Meaning, users will not have…
Crypto exchange Bancor launches its new trading protocol, Carbon
Bancor, the popular decentralized crypto exchange (DEX), has announced the launch of its new on-chain trading protocol called Carbon. Carbon is expected to revolutionize the DEX landscape by making automated…
SEC Chairman Gary Gensler won’t change his mind: crypto exchanges have no choice, they must adapt to regulations
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), does not seem at all willing to change his opinion regarding the regulation of crypto exchanges. According to Gensler,…