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Rise of the ‘Crypto King’: How Rep. Tom Emmer’s Speaker Election Spells New Horizons for US Crypto Policy

n a significant development for the crypto industry, the election of Rep. Tom Emmer as House Speaker has emerged as a promising sign of potential support within the US legislative framework. Emmer, renowned as the US Congress’ ‘Crypto King’ due to his deep understanding and advocacy for the budding industry, secured the GOP’s nomination for […]

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Crypto Frenzy: Bitcoin, Ethereum, and Dogecoin Soar as $65M in Shorts Liquidated in 24 Hours – What’s Next for the Market?

Bitcoin, Ethereum, and Dogecoin saw a remarkable surge recently, with Bitcoin hitting the significant $30,000 mark. Data from CoinGlass revealed over $65 million worth of shorts were liquidated in the past day alone, contributing to a total of $98 million in liquidations. The crypto market cap stands at $1.11 trillion, indicating a 3.29% increase over […]

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Microsoft’s AI Revolution: Satya Nadella Unveils Ambitious Integration Plans for Every Customer Solution

Microsoft’s CEO, Satya Nadella, recently revealed the company’s ambitious strategy to infuse AI across its entire spectrum of services in his annual letter. Nadella highlighted that AI integration is a crucial step for the future, shaping not just Microsoft’s offerings but the entire business landscape. Nadella emphasized the significant role of AI in reshaping various […]

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Mysterious Withdrawals Plague Customers at Prominent US Bank, Plunging Some Accounts Into Negative Balances

Customers at one of the largest American banks are reportedly witnessing unexpected withdrawals impacting their accounts. Reports of unauthorized withdrawals at Wells Fargo, labeled as “debit card pending correction,” began circulating on social media about a week ago. According to the CBS-affiliated news station WNCT, these unexplained charges have ranged from a few dollars to […]

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Sanctions Crypto Exchanges in Gaza: US Foreign Assets Monitoring

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned a Gaza-based cryptocurrency exchange company suspected of having ties to the Palestinian militant group Hamas. On Wednesday, October 18, 2023 OFAC announced they were imposing sanctions on 10 key entities believed to be associated with Hamas, including its members, operatives and financial […]

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Crypto Tax Regulations: Striking the Balance Between Compliance and Surveillance – Industry Experts Sound the Alarm

Paul Grewal, an executive at Coinbase Global Inc, recently voiced his concerns about the Treasury’s proposed regulations for taxing digital assets. He emphasized that these rules could stifle innovation and fairness in the industry, urging those who share these concerns to oppose the regulations. Grewal emphasized that the rules might put digital assets at a […]

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90% of Customer Funds Will Be Refunded by FTX

Bankrupt crypto exchange FTX submitted an amended proposal to return up to 90 percent of creditor holdings held on the exchange before it went bankrupt in November 2022. Quoted from Yahoo Finance, Wednesday (18/10/2023), the debtor group currently overseeing the bankruptcy process will officially submit a plan no later than December 16 2023 to the […]

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Lido DAO Votes to Sunset the Lido on Solana Project Due to Financial Constraints: What’s Next for Liquid Staking?

Lido DAO has decided to terminate its project on the Solana blockchain following a recent community vote. The team behind the Lido on Solana protocol cited financial constraints as the main reason for this decision. The winding down process is expected to take place gradually over the next few months. Holders of stSOL tokens have […]