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The Uniswap price surged 17% on Thursday on the back of Uniswap Labs’ recent announcement of its new Ethereum layer-2 network. This development is set to increase the decentralized exchange’s native token UNI’s utility. Uniswap mentioned that the network will go live on the testnet today, with the mainnet expected to come sometime later this…
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XRP price has been trending sideways for the past week, which is worrying for investors as this consolidation is part of a bearish continuation pattern. Despite the drop, XRP is still up 3.8% over the last 7 days, a small recovery from the steep fall the asset experienced at the start of October. Since November…
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The Chamber of Digital Commerce praised Sen. Hagerty for leading the Senate version of the Clarity for Payment Stablecoins Act. This Act will provide the necessary clarity so innovative, USD-backed tokens can thrive in security and predictability, benefiting innovators and consumers. Chamber Applauds Hagerty for Stablecoin Bill – Stablecoin Market Reaches $173B The Chamber of…
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The US Internal Revenue Service (IRS) is again under legal pressure in relation to taxation of cryptocurrency staking rewards. On October 10, 2024, Josh Jarrett filed a new lawsuit with support of Coin Center and against the agency’s approach of taxing block rewards as income at the time of receipt. US IRS Faces New Lawsuit…
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The U.S. Securities and Exchange Commission (SEC) has charged Chicago-based Cumberland DRW LLC with operating as an unregistered dealer in the crypto asset market. According to the SEC, the company conducted over $2 billion in crypto asset transactions, which were offered and sold as securities, without the required registration. The agency claims that Cumberland violated…
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Solana (SOL) price remains locked in a consolidation phase, mirroring the broader cryptocurrency market’s stagnant performance. The coin has shown little movement, with no clear signs of an impending upward trend. This sideways action has affected market sentiment, as many within the community had been anticipating significant gains in October. Solana Price Faces Uncertain Breakout…
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OKX announced that it officially launched its trading platform in the United Arab Emirates to all retail and institutional investors after acquiring a full operating license. In the statement, the exchange declared that UAE residents who had completed the necessary onboarding process on its website or app could access OKX’s service offerings. These include Spot…
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The first sale for the DeFi project World Liberty Finance, allegedly associated with former US President Donald Trump and his three sons, is set to launch next week. It will attempt to raise $300 million by selling 20% of the WLFI token supply in the initial token sale, valuing the project at $1.5 billion once…
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Dubai’s Virtual Assets Regulatory Authority (VARA) has recently taken decisive enforcement action against seven entities operating within the emirate’s cryptocurrency sector. This move comes as a direct response to breaches of newly established licensing and marketing regulations. Dubai Enforces Crypto Regulations, Fines 7 Firms Dubai’s Virtual Assets Regulatory Authority (VARA) has imposed strict penalties on…
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One of the popular cryptocurrency service providers in the world has launched the ‘Binance Traders League.’ This is believed to be the most interesting crypto trading event of 2024 and is focused on enhancing investors’ trading experience through challenges and adequate rewards. Binance is one the largest & popular crypto exchanges with over 230 million…