The absence of Brazilian football icon Ronaldinho at a parliamentary hearing on crypto pyramids has sparked controversy. Summoned by the Brazilian Chamber of Deputies’ Financial Pyramids Committee, Ronaldinho failed to appear at the hearing on Thursday, August 24. Lawmakers expressed their frustration and issued him with a summons. With the threat of potential jail time
Blockchain
In the race for the 2024 U.S. Republican presidential nomination, candidates sought to divert attention away from the absence of former President Donald Trump during the first debate. However, it was political newcomer Vivek Ramaswamy who stole much of the spotlight. Despite trailing behind Trump in the polls, the 38-year-old tech entrepreneur has gained ground
Binance, one of the world’s leading cryptocurrency exchanges, recently cut ties with five Russian banks that were under Western sanctions. The exchange faced criticism from The Wall Street Journal (WSJ) for offering these sanctioned banks, including Tinkoff and Rosbank, as transfer options for ruble fund transfers. This raised concerns about potential sanctions violations, as Binance
The US Department of the Treasury and Internal Revenue Service (IRS) have recently unveiled proposed regulations aimed at strengthening tax reporting on digital assets. These regulations are intended to crack down on tax evasion while helping law-abiding taxpayers determine the amount they owe. However, these proposals have raised concerns among cryptocurrency advocates and decentralized exchanges
Magnate Finance on Base has recently taken its website offline and deleted its Telegram group, raising suspicions of yet another exit scam. This move has left investors worried about the safety of their funds, as Magnate Finance is known to have connections with other financial exit scams. Blockchain analyst ZachXBT has cautioned about the likelihood
Cryptocurrency exchange Bitstamp has recently made the difficult decision to terminate its Ethereum staking service for users in the United States. This move comes as a direct response to the increasing regulatory uncertainty surrounding cryptocurrencies in the US. Users have until September 25 to earn rewards on their staked assets before the tokens are withdrawn
Binance, a major cryptocurrency exchange, has recently announced the shutdown of its regulated buy-and-sell crypto arm, Binance Connect. This decision, confirmed through an email from a Binance spokesperson on August 15, has caught the attention of the crypto community. The company stated that their provider for supporting card payments service was closing, leading to the
Web3 metaverse and creator platform ZTX recently concluded a highly successful seed round, securing $13 million in funding. The round was led by prominent crypto investment firm Jump Crypto, and attracted investments from key players in the web3 investment space, including Collab+Currency, Parataxis, MZ Web3 Fund, and Everest Ventures Group, among others. This significant achievement
Crypto lender Voyager Digital recently made a surprising move that has ignited suspicion and speculation within the crypto community. The company transferred 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens to Coinbase, with an estimated value of $2.77 million and $2.7 million, respectively. This sudden transfer has sparked discussions about potential sell-off intentions
South Korean prosecutors are determined to bring justice in a $651 million crypto scam that defrauded 8,000 individuals. The scam, operated through a platform named OnNetworks, promised investors “payouts” if they paid their utilities bills using cryptoassets. Unfortunately, the scammers failed to deliver on these promises, leaving victims unable to recover their investments. Prosecutors in