Forbes Partners with Galxe to Launch New Web3 Channel
Forbes, an American business magazine, has partnered with blockchain startup Galxe to launch a new business that will fully penetrate the web3 industry. ForbesWeb3, the company’s new business, published a blog post on Medium announcing that Galxe has created social challenges to “enhance user engagement” while showcasing the “practical applications of blockchain.” “As users progress […]
IRS:CI Reports Spike in Crypto Tax Crime in 2023
The Criminal Investigation Unit of the Internal Revenue Service (IRS:CI) has released its annual report, which reveals an increase in crypto-related tax crime investigations and prosecutions in 2023. The report also highlights the challenges and risks posed by cryptocurrencies for cybercrime, money laundering, and terrorism financing. The IRS:CI, the law enforcement arm of the Internal […]
DWF Labs Buys More FLOKI Tokens, Boosting Price by 24%
DWF Labs, a digital asset market maker, has purchased another $1.2 million worth of FLOKI tokens from the Floki treasury, showing its support for the TokenFi project. The FLOKI price has surged by 24% following the announcement. FLOKI, a Web3 project that aims to create a decentralized ecosystem for content creators and consumers, has announced […]
Crypto Tax Bill Passes Kenyan Parliamentary Committee
A Bill that would classify crypto assets as securities and levy capital gains tax on them has passed a committee of the Kenyan parliament. The subsequent step is to present it to the lesser chamber of parliament. Business Daily, a Kenyan newspaper, reported on December 4 that the Finance and National Planning Committee of the […]
Bitcoin Analyst Debunks $500 Billion Qatar Investment Rumor
Luke Broyles, a prominent Bitcoin analyst, reveals the unrealistic nature of the rumor that Qatar‘s Sovereign Wealth Fund invested $500 billion in Bitcoin. He also discusses the implications of Bitcoin’s supply and demand dynamics and the potential for large-scale institutional adoption. A recent rumor that Qatar’s Sovereign Wealth Fund (SWF) invested a whopping $500 billion […]