Day: March 2, 2024

Tron founder teases ETF; investors flowing to Arbitrum and InQubeta

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Justin Sun of Tron has sparked discussions about the possibility of spot TRX ETF. Meanwhile, investors have been doubling down on Arbitrum (ARB) and InQubeta (QUBE). InQubeta can grow The InQubeta presale has raised over $10.5 million in presale. In stage 8, QUBE is trading for $0.0245. InQubeta intends to build the first crypto-based crowdfunding platform for tech startups. Within its custom-built NFT marketplace, startups will be able to…

SEC ‘Crypto Mum’ Hester Peirce calls for regulatory clarity

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce is stressing the need for regulatory clarity and innovation, making it clear that such elements cultivate a conducive environment for the development of crypto. Peirce’s roadmap In a recent discussion with CNBC, Pierce criticized the U.S.’s inadequate regulation of Bitcoin (BTC) and other cryptocurrencies, pointing out that this failure has allowed fraud to thrive while stifling innovation. See video below. Peirce also stressed the significance of allowing innovation and responsible experimentation to flourish in the crypto industry, believing that a conducive…

Under-the-Radar Altcoin Surges After Surprise Listing on Crypto Exchange Binance

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An under-the-radar, interoperability-focused altcoin set a new all-time high after Binance announced it was listing the asset. Axelar (AXL) is a programmable Web3 interoperability platform that aims to provide cross-chain communication between numerous blockchains. Explains the project’s website, “Unlike other cross-chain connectors, Axelar is a proof-of-stake blockchain: it can do anything a blockchain can do. Transparent smart contracts built on Axelar automate paths for users, reducing them to a single click. Permissionless tools reduce developer overhead.” The project’s native asset, AXL, is trading at $1.94 at time of writing, a…

Crypto startups lead the charge in February’s $485m VC boom

Venture capital firms have shown a growing interest in cryptocurrency startups, with February witnessing a significant uptick in investments. CryptoBriefing, citing data from DefiLlama, reported that crypto startups received $485 million in funding last month, marking a 5.3% increase from the previous month and the highest investment volume in the last quarter. A substantial portion of the capital, amounting to $387 million, was allocated to infrastructure-related startups. The most notable investment was made by a16z, which injected $100 million into EigenLayer during a private funding round. This was the largest…

Indonesia considers easing crypto taxation

The Commodity Futures Trading Supervisory Agency (Bappebti) of Indonesia has requested the Ministry of Finance, led by Sri Mulyani, to reassess crypto taxation. Indonesia’s crypto taxation  Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin’s value. The total tax revenue generated from crypto transactions in 2023 amounted to $31.7 million (Indonesian Rupiah 467.27 billion). This decline was primarily attributed to a significant 51% decrease in crypto transaction volumes during the same period. The tax…

Shiba Inu Just Ballooned To 124%

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Shiba Inu (SHIB) has experienced a remarkable surge in recent times, mirroring the broader optimism sweeping the cryptocurrency market. This uptrend coincides with Bitcoin’s impressive rise above $63,000. Shiba Inu Explodes On The Weekly Timeframe The memecoin has witnessed significant gains, with a solid 61% jump in a 24-hour timeframe, a more impressive 124% increase over the week, and a stellar 50% growth in the past month. Source: Coingecko Notably, SHIB has finally clawed its way into positive territory for 2023, boasting a 10% gain since February. In addition to…

Nigerian Government Demands Nearly $10,000,000,000 From Binance for Alleged Foreign Exchange Rate Manipulation: Report

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The government of Nigeria is demanding billions of dollars from Binance, alleging that the crypto exchange manipulated the exchange rate of its fiat currency. According to a new report by the BBC, the Nigerian government is slapping Binance with a $10 billion fine, claiming that the top global crypto exchange by volume manipulated foreign exchange rates to the point where the naira – the nation’s issued currency – fell 70%. Bayo Onanuga, special advisor to Nigerian President Bola Tinubu, tells the BBC that Binance failed to register with the government…