XRP Trading Volume Tops Bitcoin’s on Upbit Exchange
Upbit exchange saw a $2.6B rise in the trading volume o XRP tokens in the last 24 hours, surpassing that of Bitcoin. The rise is due to Ripple’s partial victory in the long-drawn SEC court battle In the past 24 hours, the trading volume of XRP tokens on the South Korean cryptocurrency exchange Upbit has […]
BCP to Promote Web3 Adoption in the Philippines Via State Partnership
The Blockchain Council of the Philippines (BCP), a non-profit organization for blockchain technology in the Philippines, has partnered with the Department of Information and Communications Technology (DICT) to promote Web3 adoption in the country. Dr. Donald Lim, the founding president of the BCP, stated in an announcement sent to Cointelegraph that the organization’s mission is […]
US IRS Investigates Crypto Traders Abusing Tax Havens
Prosecutors and Internal Revenue Service (IRS) agents in the United States are investigating affluent crypto traders and hedge fund managers who may have received illegal tax and are fraudulently abusing Puerto Rico’s tax system. Bloomberg reported on June 12 that investigators are currently developing civil and criminal cases against some hedge fund managers, cryptocurrency traders, […]
Hive Blockchain Rebrands to Hive Digital Technologies
Crypto mining company Hive Blockchain has changed its name to Hive Digital Technologies to emphasize its venture into artificial intelligence (AI), cloud computing, GPUs, and Web3. The Vancouver, Canada-based mining company announced on July 12 that it has dropped the word “blockchain” from its name to reflect better its “evolving focus” on revenue opportunities in […]
ARK Invest Sells 135K Coinbase Shares as Price Rises to $90
Cathie Wood’s ARK Invest is profiting from its large Coinbase shares holding by selling a small portion of its hoard following a brief price rise to $90 on July 11. On July 11, Wood’s investment firm ARK sold $12 million worth of Coinbase shares from its largest exchange-traded fund (ETF), the ARK Innovation ETF. According […]