In a bold move that is sending shockwaves throughout the cryptocurrency community, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited. The case centers on allegations of over $81 billion in unpaid taxes and penalties related to the crypto exchange’s operations in the country. The specifics of this claim, as
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The financial landscape is undergoing substantial shifts, driven by new technologies and evolving economic theories. Recently, a proposal was set forth in Texas aimed at embracing this evolution—Senate Bill 21—which seeks to establish a state Bitcoin reserve. This groundbreaking initiative comes with the endorsement of industry experts, including Pierre Rochard, Vice President of Research at
In recent weeks, Ethereum has found itself in a state of fluctuation, frequently closing between the price thresholds of $2,650 and $2,750. This narrow trading range has fostered an atmosphere of indecision in the market, impeding both bullish and bearish momentum. Investors and traders are acutely aware of the underlying tensions, as the cryptocurrency stands
The cryptocurrency market, despite its storied volatility, has again found itself in a downturn, with total market capitalization sinking approximately 3% over the last 24 hours to $3.24 trillion. This decline is particularly pronounced among altcoins, which have struggled throughout the month. Such setbacks are not unusual, but historical data suggests that February has, in
Samuel Edyme, widely recognized by his intriguing moniker, HIM-buktu, has emerged as a noteworthy presence in the Web3 landscape. As a content writer and journalist, Edyme combines his passion for storytelling with his understanding of complex blockchain concepts. His writings grace the platforms of esteemed industry players, such as AMBCrypto, Blockchain.News, and Blockchain Reporter, offering
Recent insights from the market intelligence platform CryptoQuant indicate that Bitcoin (BTC) may be on the brink of experiencing the “sell in May” phenomenon. This prediction comes from analyst Oinonen, who expresses the notion that while BTC’s bull run appears to be incomplete, the coming months might see sideways movement in price. History suggests that
The cryptocurrency landscape is perpetually fraught with volatility, and currently, Ethereum (ETH) is at a pivotal juncture. Trading around the $2,680 mark, Ethereum is wrestling with significant market pressures while attempting to reclaim crucial resistance levels. Investors find themselves caught in a whirlwind of uncertainty, unsure whether to adopt a defensive stance or embrace a
In a bold move, the Department of Government Efficiency (DOGE), spearheaded by the influential figure Elon Musk, is setting its sights on the US Securities and Exchange Commission (SEC). This initiative, announced on February 17 through a post on X, seeks to expose inefficiencies and unethical behaviors within the agency. By inviting the public to
On February 18, the crypto world reached a pivotal moment as it marked the commencement of creditor payouts from the collapsed cryptocurrency exchange, FTX, after more than two years of bankruptcy proceedings. This first installment aims to benefit smaller creditors, particularly those with claims amounting to $50,000 or less. These initial repayments amount to approximately
In the ever-evolving landscape of cryptocurrency, the advent of new scams poses an increasing threat to inexperienced and even seasoned users alike. Recently, Richard Teng, the CEO of Binance, has brought attention to a particularly insidious fraud known as the “share-seed-phrase” scam. This bogus scheme is carefully crafted to exploit users’ fears surrounding their financial