Cash News Bankrupt crypto exchange FTX announced that Caroline Ellison, former CEO of Alameda Research, has agreed to transfer nearly all of her remaining assets to the company as part of a settlement. In an Oct. 7 court filing, FTX’s bankruptcy estate disclosed that Ellison will hand over most of what she still owns, following […]
Cash News VanEck portfolio manager Pranav Kanade highlighted that memecoins have four key aspects that all teams building in crypto should mimic. Kanade made the comments on social media in response to the Token2049 panel by Murad Mahmudov on his pivot to memecoins from being a Bitcoin maxi. The panel’s thesis revolved around proposing a “memecoin […]
Cash News The United Arab Emirates (UAE) has exempted crypto transactions from the country’s 5% value-added tax (VAT). This exemption is part of an amendment to the Executive Regulation of the Federal Decree Law on VAT. According to a document released on Oct. 4, the amendment will take effect on Nov. 15, 2024. However, the […]
Cash News El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country’s use of the digital asset. On Oct. 4, Juan Carlos Reyes, President of the National Commission on Digital Assets (CNAD), announced that the Central American country’s lawmakers had passed “important amendments to […]
Cash News The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have supported a class-action lawsuit against Nvidia, accusing the company of misleading investors. According to court filings, both agencies submitted an amicus brief backing Nvidia investors who allege that the firm misrepresented the impact of crypto mining on its 2017/2018 […]
Cash News Bitcoin’s recent price movements have shown increased volatility, with $272 million in liquidations over the past 24 hours, reflecting broader market trends and trader behavior. Over the past 48 hours, Bitcoin fell from $62,000 to a low of $60,000, marking a roughly 3% decline. Following this drop, Bitcoin saw a slight recovery to […]
Cash News Nigeria has emerged as the second-largest adopter of crypto worldwide, cementing its position as a leader in digital finance, according to Chainalysis’ upcoming report. The ranking illustrates Nigeria’s rapidly expanding crypto ecosystem, where everyday transactions, remittances, and business payments increasingly rely on digital assets, especially stablecoins. The country’s success mirrors a broader trend in […]
Cash News Over $735 million worth of crypto will be unlocked and released into circulation in the first week of October, according to data from Token Unlocks. The $735 million unlock is part of a larger $3.46 billion expected to be released throughout October. According to Token Unlocks, most releases involve assets like Celestia, Worldcoin, […]
Cash News Japan’s Financial Services Agency (FSA) is poised to reassess its crypto regulations, potentially reducing taxes on crypto gains and reclassifying digital assets in a bid to foster a more favorable investment environment by 2025, Bloomberg News reported Sept. 25. The FSA’s upcoming review, which will continue through the winter, will determine whether the […]
Cash News According to a report from the Central Bank of Bolivia (BCB), virtual asset transactions in Bolivia more than doubled in the last three months after the country lifted its ban on Bitcoin in June. Between July and September, the average monthly trade volume soared to $15.6 million, compared to $7.6 million in the […]