Woo X Exchange Launches Tokenized T-bills for Retail Investors
Woo X cryptocurrency exchange has introduced the world’s first tokenized United States Treasury Bills (T-Bills) to retail investors. A post on X dated April 22 states that Woo X has introduced RWA Earn Vaults, real-world–assets (RWA) tokenization vaults that allow users to earn interest by holding Circle’s USD Coin. “With the RWA Earn Vaults, all […]
Hong Kong Police Freeze JPEX Assets Over Alleged Fraud
Hong Kong police freeze nearly US$29 million in JPEX assets, renewing concerns about digital asset fraud. Key figures arrested, investigations underway. The resurgence of the JPEX case in Hong Kong has caused significant upheaval within the cryptocurrency community. Authorities have frozen assets valued at over $29 million associated with the defunct exchange following months of silence. Allegations against prominent […]
IRS Unveils Crypto Reporting Form Set for 2025
The IRS has revealed a draft of Form 1099-DA for reporting cryptocurrency transactions, aiming to streamline tax reporting for digital assets. Unveiled is an early prototype of a new tax form by the Internal Revenue Service (IRS) specifically designed to report transactions involving cryptocurrencies. The 1099-DA draft form represents the most recent advancement by the […]
HashKey Seeks To Halts Binance Wallet Deposits and Withdrawals
Hong Kong HashKey Exchange plans to discontinue support for deposits and withdrawals from Binance wallets. Hong Kong-based crypto exchange HashKey has set May 10, 2024, as the deadline for halting digital asset transfers to and from the industry-leading Binance. No More Deposits from Binance Wallets According to a memorandum distributed to platform users on Friday, […]
COIN & MSTR Rally Amid Market Recovery
Today, amidst the market recovery, popular crypto stocks Coinbase (COIN) and MicroStrategy (MSTR) experienced a remarkable rally. Today, the cryptocurrency market experienced a noteworthy resurgence as Bitcoin (BTC) reclaimed the $65,000 threshold. This resurgence infused the market with renewed optimism, which fueled the performance of numerous crypto-related equities. Furthermore, during the pre-market session, Coinbase (COIN) […]