President Biden Targets $18B Crypto Tax Loopholes as Community Reacts
United States President, Joe Biden, tweeted on May 9 about closing “tax loopholes” that allegedly benefit wealthy crypto investors, drawing reactions from the online crypto...
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Trader Spends $120,000 in Gas Fees to Purchase a Memecoin worth of $155,000
by salaam
A trader reportedly spent a whooping 64 Ethereum (ETH) on gas fees while purchasing a memecoin called Four ($FOUR), raising concerns about the high costs...
Paxful Exchange Reopens Marketplace Following Month-long Suspension
by salaam
Paxful, a peer-to-peer crypto marketplace and company, has resumed operations after a month-long suspension that began in April according to its website blog post. ...
A Memecoin Whale Suffers a $600,000 Loss as Pepe Token Experiences a Steep Decline
by salaam
An anonymous memecoin investor who had bought approximately $3 million worth of Pepe tokens is currently grappling with an impermanent loss of around $600,000 according...
Coinbase Records Remarkable Q1 Growth as CEO Brian Armstrong Reacts
by salaam
Cryptocurrency exchange Coinbase recorded 7.9% growth in quarter one as CEO Brian Armstrong stated that the milestone was a significant turning point for the company,...
Centralized Crypto Exchanges Experience Trading Volume Decline
by salaam
Centralized cryptocurrency exchanges have recorded a significant decline in trading volumes in April for the first time in three months, according to a May 3rd...
FTX Pursues $4 Billion Recovery from Genesis in Bankruptcy Battle
by salaam
The Collapsed cryptocurrency exchange and business, FTX, is embroiled in a legal battle to recover approximately $4 billion from bankrupt crypto lender Genesis and a...
Court Delivers Legal Notice to Crypto Influencer Regarding FTX Collapse
by salaam
A Florida district court in the United States slammed a cryptocurrency influencer, Tom Nash, with a class-action lawsuit on May 2 regarding the FTX company...
FTX Advisors Collect $103M Amid Bankruptcy Proceedings in Q1
by salaam
The Cryptocurrency exchange FTX’s legal and consulting teams have secured a combined total of $103 million during the first quarter of the year, as the...
MicroStrategy Reaps Benefits from Bitcoin (BTC) Investment Strategy in Q1 2023
by salaam
Famous crypto investment firm MicroStrategy reported its first quarterly profit since 2020, with a profit of $94 million in Q1 2023 according to a May...