The Aftermath of Binance’s Guilty Plea
Changpeng Zhao (CZ) pled guilty to charges from the U.S. Department of Justice (DOJ) and stepped down as the CEO of Binance. Binance faces a $4.3 billion fine, while CZ personally agreed to pay a $50 million fine with a potential 18-month prison term. This article breaks down the...
5 Recent Developments in the Crypto Space
Bitcoin ETFs are edging closer, FTX is working on returning 90% of lost customer funds, Ripple is celebrating another legal victory, the UAE has launched its first Web3-focused Free Zone, and Platypus Finance loses and recovers $2.2 million in a flash loan exploit. Here are the top 5 recent...
SEC Vs Crypto? Regulations and Controversies
The Securities and Exchange Commission (SEC) has long been a central figure in the regulatory tussle with various crypto platforms. However, the recent surge in lawsuits against exchanges has taken the conflict to a new level of intensity. Each lawsuit has its intricacies, yet a common thread runs through...
Crypto News: 5 Major Developments in Crypto Recently
SEC is going after Binance and Coinbase, PayPal launches its own stablecoin, attackers steals $61 million from Curve Finance and then returns it, mixed views on the possibility of spot Bitcoin ETFs, and a potential crypto oversight bill to bring more regulatory clarity. There is a lot that happened....
5 Latest Big Developments in the Crypto Space
Hong Kong will allow retail trading of cryptocurrencies from June 1, Conflux prices surged by an impressive 19% in just a single day, Binance faces allegations of commingling customer funds with company revenue from Reuters, Florida Governor Ron DeSantis announces presidential bid and criticizes restrictive regulations on Twitter Spaces,...
After a Turbulent 2022, is Bitcoin Set to Explode in 2023?
As we approach the end of Q1 2023, the crypto market is beginning to show signs of life after a tumultuous year in 2022. For Bitcoin, specifically, the journey has been a rollercoaster ride, with Bitcoin falling by 75% from its all-time high in 2021. However, recent trends suggest...
Ethereum Shanghai Upgrade: An In-depth Look
The Ethereum Shanghai Upgrade, also known as Shapella, includes the implementation of EIP-4895, the most notable development among EIP-3651, EIP-3855 and EIP-3860, allowing stakers and validators to withdraw their staked Ethereum, which was previously locked indefinitely. While the Shapella upgrade is relatively smaller compared to the Ethereum Merge, its...
How to Survive this Crypto Winter & Come Out on Top
Just when the market started showing signs of recovery from its recent crypto winter, which began in late 2021, fueled by rising inflation, interest rates, a potential recession and the Terra crash, we got hit by another blow – the FTX collapse. After reaching its peak in 2021, when...
The FTX Collapse Explained & How to Claim Losses
Crypto is going through a rough patch this year. First, the declining market, then the hacks and the Terra crash and now this – the FTX collapse. What started with a simple CoinDesk report on some insights into the balance sheet of Alameda Research quickly turned into one of...
Crypto Staking Taxes Lawsuit Explained: Jarrett v. United States
The three-year-long lawsuit involving the IRS and how it treats crypto staking taxes finally came to an end a couple of months ago. Or did it? The IRS never clarified its position on crypto staking. The closest thing we have to that are guidelines for mining rewards, based on...