Category : CoinJournal

CoinJournal

Indian law enforcement agency DGGI wants $86M unpaid GST from Binance

India demands $86 million in unpaid GST from crypto exchange Binance. Indian law requires 1% TDS on crypto transactions and 30% tax on profits. Binance plans to resume operations in India after being banned in January 2024 for noncompliance. In a s...

Crypto meltdown sends TrumpCoin (DJT) crashing over 90%

TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203. Trading volume surged by 169%, reaching $8.91 million despite the price drop. Controversy surrounds TrumpCoin’s origins, with claims involving Donald Trump denied. In...

Online casinos will add $7.10B a year to the British economy by 2029, according to market data

UK online casino sector to grow from $6.47B to $7.10B annually by 2029 UK leads globally in online casino revenue, surpassing the US in 2024 Cryptocurrency adoption boosts UK online casino growth and user engagement. The online casino industry in t...

Poodlana ignores the crypto sell-off as token sale nears $5 million

Cryptocurrencies have shed billions of dollars in the past few days as investors remain concerned about Japan, US election, and technical formations. No crypto has been spared, with Bitcoin falling below $50,000 and Ethereum moving to $2,335. Other c...

DeSci Project StarChain Achieves Major Milestone By Unifying 500 Terabytes of Astronomical Data

Zug, Switzerland, August 5th, 2024, Chainwire “We are thrilled to announce that we have achieved our first major milestone by unifying 500 TB of astronomical data on our platform. This will allow astronomers to more easily analyze massive datas...

BC.GAME Partners with Cloud9 as the Organization Expands Esports Portfolio with Entity Acquisition

WILLEMSTAD, Curacao, August 5th, 2024, Chainwire BC.GAME and Cloud9 Esports extend their existing partnership with Cloud9’s acquisition of the Dota 2 esports team Entity.& As part of the deal, the European-based Entity has been renamed Clo...

Europe’s fourth largest hedge fund discloses $500m in spot Bitcoin ETFs

Capula Management, Europe’s fourth largest hedge fund, has disclosed it holds nearly $500 million in spot Bitcoin ETFs. The spot ETF market continues to see increased demand despite Bitcoin’s price woes over the past few weeks. Capula M...

Polymarket in focus as CFTC is pushed to ban gambling on US elections

Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting, citing democracy trust concerns. Senators stress elections shouldn’t be influenced by wealthy individuals&rsquo...

Solana plummets to near $110 amid $1 billion crypto liquidation

Solana has plunged more than 20% to trade near $110 as crypto traders see more than $1 billion in trading positions wiped out in the past 24 hours. SOL dipped as Bitcoin led the crypto market in the bloodbath that had BTC testing lows of $49k and Eth...

Bitcoin tumbles, tests $49,000, amid major crypto selloff

Bitcoin briefly tests $49k before rebounding to $51k amid a $270 billion crypto market selloff. Concerns over the US recession and Japan’s rate hike trigger market turmoil. FBI warns of rising crypto scams during increased market volatility....

Morgan Stanley allows advisors to offer Bitcoin ETFs to clients

Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to offer Bitcoin exchange-traded funds to its clients. Over 15,000 of the bank’s financial advisors have the go ahead to pitch Bitcoin ETFs to eligible...

Bitcoin network difficulty reaches record high amid price volatility

Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security. Bitcoin’s RSI at 44 suggests potentially oversold condit...

Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan....

Hong Kong’s largest online broker Futu Securities launches Bitcoin and Ethereum trading

Futu Securities launches Bitcoin and Ethereum trading in Hong Kong with zero fees. New users can receive incentives like Bitcoin or shares of Alibaba and Nvidia. Futu seeks a crypto exchange license for PantherTrade amid Hong Kong’s crypto hur...

Top Microsoft Engineer Predicts Blockchain Vertical Upscale: Which Industries Might Lead the Charge?

Chris Li predicts blockchain will shift from horizontal to vertical scaling soon. Vertical scaling could enhance efficiency in online casinos and improve user experience. Advanced solutions like atomic swaps may replace wrapped assets, preserving de...

Open Summit Set to Transform Asia’s Web3 Landscape as largest TON event this Summer

Experience the new economy with TONX ID at The Open Summit &- Unlock Rewards from Over Thirty TON Projects Both Online and Offline. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the g...

Bitflow integrates swap function into Leather Wallet

Bitflow integrates its swap function into the Leather wallet for 370,000 users. The partnership enhances user experience and broadens Bitcoin DeFi accessibility. Integration guarantees the best swap rates across various DEXs on Stacks. Bitflow, a d...

Bitcoin miner CleanSpark expands with first site acquisition in Wyoming

CleanSpark said in a press release on Thursday that it has acquired its first Bitcoin mining site in Wyoming. The company executed 75 megawatts of power contracts, with 30 MW for the first site expected online by end of 2024.& A second site wil...

DeFi Protocol Convergence hit by major hack, CVG token collapses

Decentralized governance hedge fund platform Convergence exploited. 58M CVG tokens minted and swapped. CVG token value plunged 99% from $0.12 to $0.0004 following the hack. On Thursday, the decentralized finance (DeFi) protocol Convergence experien...

Bitcoin falls to $62k as crypto mirrors stocks crash

Bitcoin price dropped to its lowest level since mid-July with a dip to near $62k on August 1. Stocks also plummeted as investors reacted to latest economic data and geopolitical tensions in the Middle East. Bitcoin price crashed 10% to trade to nea...

Casper Network resumes operations after the recent security incident

Casper Network has resumed operations after resolving the recent security breach. Two blocks were removed; a new Casper-node binary was deployed and scanned. Other July breaches affected WazirX ($230M), Compound Finance ($24M), and more. The Casper...

M2 crypto exchange to allow UAE residents to trade crypto using bank accounts

M2 enables UAE residents to trade BTC and ETH directly with bank accounts. Integration supports dirham deposits, withdrawals, and market-responsive trading. UAE has strict regulations to ensure consumer protection and market transparency. In a sign...

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