Jamie Dimon Tags Bitcoin as Scam
Despite Bitcoin’s volatile market, Jamie Dimon remains skeptical of its credibility, citing concerns regarding fraudulent activities and unauthorized utilization. Jamie Dimon, the chief executive officer of JPMorgan, continues to be one of the most formidable adversaries of Bitcoin. Dimon disavows it as a legitimate currency and a deception. In a recent interview with Bloomberg TV, Dimon […]
Qtum Deploys Nvidia GPUs for Web3 Revolution
Qtum Foundation deploys 10,000 GPUs, marking a crucial moment in blockchain-AI convergence, sparking innovation and new possibilities. Recently, the Qtum Foundation declared the activation of 10,000 GPUs to support its novel blockchain AI ecosystem. By adopting this strategic manoeuvre, Qtum effectively transitions its attention from extracting cryptocurrencies to operating artificial intelligence systems. Qtum’s COO and co-founder, […]
Bybit, Binance and OKX Volume Triples Since Late 2023
Bybit data indicates that centralized exchanges (CEXs) growth has not surpassed decentralized exchanges (DEXs), with Uniswap v3’s volumes rising by 320%. Since late last year, trading volumes on global centralized cryptocurrency exchanges (CEXs) such as Binance have increased substantially, according to a new report. From October 2023 to March 2024, numerous CEXs at least tripled […]
XRP Lawyer Criticizes Senator Warren Over Anti-Stablecoin Letter
XRP lawyer, John Deaton, opposes Senator Warren’s anti-stablecoin letter to Treasury Secretary, Janet Yellen. John Deaton, an attorney specializing in XRP, criticized Senator Elizabeth Warren for her recent letter to Treasury Secretary Janet Yellen. The letter articulated apprehensions regarding stablecoins and the possibility that terrorist organizations and renegade nations could exploit them. Meanwhile, Deaton expressed […]
Sweden Requests $90M Unpaid Taxes from Crypto Miners
From 2020 to 2023, the Swedish Tax Agency discovered several cryptocurrency companies that had provided false business descriptions in an effort to evade taxation. After four years of misappropriations were uncovered through government investigations, Swedish cryptocurrency miners owe more than $90 million in taxes. Skatteverket, the Swedish tax agency, inquired into the activities of twenty-one […]