Drift Protocol, a Solana-based decentralized exchange (DEX), has announced plans to conduct an airdrop of one million tokens and implement a token-based governance structure. The surprise winner of this announcement is MetaDAO, whose futarchy technology is being partly integrated into Drift. According …
April was filing day in the United States, and to honor the occasion, we reached out to four tax professionals to gather their best tips for American cryptocurrency holders and expatriates. Robert W. Wood, a tax lawyer at Wood LLP, advised that …
The floor price of Bored Ape Yacht Club (BAYC) nonfungible tokens (NFTs) has experienced a significant decline, dropping over 90% from its peak to 11.1 Ether (ETH) – the lowest point since August 2021. This steep decrease has brought BAYC close to …
Ether (ETH), the second largest cryptocurrency by market value, struggled to maintain its gains above the $3,100 mark on Monday, following a volatile weekend in the crypto market. Despite being up 4% over the past 24 hours, ETH had dropped by about …
Bitcoin News Update: BTC Gains 1.7% amid Geopolitical Relief, Investor Focus Shifts to Halving Event 2024 Bitcoin (BTC) experienced a slight gain of 1.74% on Sunday, closing at $66,013 amidst international unrest and geopolitical tensions. The market responded positively to news that …
Solana (SOL) has kicked off the year on a high note, with its prices steadily rising. Despite receiving praise for its upward trend, the network has faced criticism for congestion issues. However, Solana has taken proactive steps to address these concerns by …
Nigeria’s Web3 industry is facing significant challenges following actions taken against Binance executives, leading to a wave of investor withdrawals and concerns about the country’s business environment. Lucky Uwakwe, the chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), highlighted the perceived lack …
A notorious group known for perpetrating blockchain fraud on various platforms has now set their sights on Blast, a popular blockchain network. According to on-chain detective ZachXBT, the group recently transferred around $1 million in laundered funds to finance their fraudulent activities …
The United States Securities and Exchange Commission (SEC) is facing criticism for what some are calling a contradiction in its latest action against decentralized crypto exchange Uniswap. According to Adam Cochran of Cinneamhain Ventures, the SEC’s recent move goes against years of …
The Shiba Inu [SHIB] ecosystem has been making waves beyond its reputation as a meme coin network. The community-driven project has been expanding into various sectors, with its latest venture into media and entertainment. In a recent announcement, the SHIB community disclosed …