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Mr. Whale claims NFTs are being used for money laundering

Mr. Whale claims NFTs are being used for money laundering

NFTs have the potential to serve as a vehicle for the crypto elite to legalise their ill-gotten fortunes. However, there may be more to the nonfungible token market than meets the eye, as questions grow over the sector’s role in money laundering and tax evasion. A new report from crypto investor and uber-bearish crypto critic […]

Reddit gains $4B valuation from new funding

Steve Huffman, co-founder and chief executive of Reddit, commented on the company's recent investment round, which valued the company at $10 billion. He added that the company has tentative plans to go public in the future.

Steve Huffman, co-founder and chief executive of Reddit, commented on the company’s recent investment round, which valued the company at $10 billion. Since its most recent investment round in February, the popular social media platform Reddit has seen its market capitalization increase by $4 billion. Six months ago, the company raised $250 million in Series […]

Chainlink’s data oracles launches on Arbitrum One’s solution

Chainlink's data oracles launches on Arbitrum One's solution

Chainlink’s data oracles are now available on Arbitrum One, with the company hoping to make its Proof of Reserve and Verifiable Random Function available on the layer-two network in the near future. Chainlink, a leading data oracle provider, has announced that it has successfully launched on Arbitrum One , the beta mainnet deployment of the […]

Members of state Congress press Nancy Pelosi and others to amend crypto tax definition

Members of state Congress press Nancy Pelosi and others to amend crypto tax definition

Representative Anna Eshoo has called on the House of Representatives to modify the language in the contentious crypto infrastructure legislation. Concerns have been raised by a California congresswoman in a letter to House Speaker Nancy Pelosi regarding the contentious new demand for cryptocurrency tax reporting. Representative Anna Eshoo of California’s 18th Congressional District wrote a […]