Author: Karikari Daniel

Article written by Karikari Daniel

ASIC sues Australia’s ASX for allegedly misleading claims about its halted blockchain project

August 15, 2024 2 mins read

ASIC has initiated legal action against ASX Limited, the largest securities market operator in Australia, for allegedly making deceptive statements regarding a blockchain project aimed at modernizing its antiquated shareholding and settlement management system. The case centers around claims made by ASX in February 2022, whereby they expressed optimism about the blockchain project’s progress, asserting that it was “on-track” for a debut in April 2023 and was “progressing well.” ASIC

BTCC Exchange Review: Its Unique Features and Trading Functions

August 12, 2024 7 mins read

Introduction BTCC is a centralized cryptocurrency exchange established in 2011. The exchange focuses on offering a reliable and accessible crypto trading service for everyone. To push its vision forward, the BTCC exchange continues to develop more streamlined crypto products along with a smooth and interactive user interface to improve its users’ trading activities on the platform. By providing these features, it aims to uplift the quality of the industry’s standard

The IRS’s new 1099-DA draft simplifies crypto tax reporting by addressing privacy concerns

August 12, 2024 1 min read

The U.S. Internal Revenue Service (IRS) has issued an updated version of the 1099-DA tax form, intending to make it easier for crypto brokers and investors to report digital asset transactions. The revised edition, slated for use for the 2025 tax season, represents a notable enhancement over the April 2024 iteration. The latest revised regulations can be seen on the official IRS website for a period of 30 days, during

What Is Metaverse? A Comprehensive Guide From Inception to Date

August 9, 2024 7 mins read

Introduction The phrase “metaverse” could appear absurd and obvious if you’re just a beginner in the tech space. But more often than not, if you ask a tech-savvy person what exactly the metaverse is, you’ll hear something pretty startling. The metaverse is defined differently by each person. Despite this, it might be difficult to appreciate the metaverse’s significance without first understanding each of its constituent parts. Without further delay, let’s

Cross Margin and Isolated Margin in Crypto Trading: What Is the Difference? 

August 9, 2024 6 mins read

Key Takeaway With the birth of cryptocurrency and the underlying blockchain technology that powers it, the “money” revolution from paper to paperless has swiftly advanced how trading is executed.  Unlike how barter trading was immensely performed some years ago between two parties traditionally, the advent of digital currencies seems to have taken the trading marathon by introducing a more lucrative means to trade.  Apart from physically exchanging goods and services

Ethereum spot ETFs experiences a $77.2 million outflow on July 31

August 1, 2024 1 min read

On July 31, Ethereum’s ETF results showed that the crypto market was very unstable, as spot ETFs saw a large outflow of $77.2 million. The most money came into Grayscale’s “ETH” (with $19.8 million), then Fidelity’s “FETH” ($18.8 million), and finally BlackRock’s “ETHA” ($5 million). Smaller amounts of money also came into other funds, such as 21Shares, VanEck, and Bitwise. Invesco’s “QETH” and Franklin’s “EZET” had neutral flows, but Grayscale’s

Democrats and VP Kamala Harris push for pro-crypto policies ahead of the 2024 elections

July 29, 2024 1 min read

As the 2024 elections get closer, Democratic politicians like Vice President Kamala Harris are pushing for policies that support crypto. They wrote a letter to the Democratic National Committee (DNC) asking the party to include crypto-friendly language in its plan and pick a Vice Presidential candidate with strong policies on digital assets. Over 20% of voters in key states see crypto as a big issue, which is why the letter

Hong Kong legislator Johnny Ng considers adding Bitcoin to the city’s financial reserves

July 29, 2024 2 mins read

Johnny Ng, a legislator in Hong Kong, is contemplating the possibility of including Bitcoin in the city’s financial reserves. He is highlighting the significance of regulatory compliance as well as Bitcoin’s potential as “digital gold.” Following the announcement that Donald Trump made at the Bitcoin 2024 conference in Nashville regarding the establishment of a strategic Bitcoin reserve in the United States, this comes as a result. As Bitcoin’s adoption grows

Ferrari plans to extend its crypto payment infrastructure to the European market

July 24, 2024 2 mins read

Ferrari, the Italian manufacturer of high-end automobiles, plans to extend its crypto payment infrastructure to the European market by the conclusion of July 2024. After a successful launch in the US in 2023, Ferrari collaborated with BitPay, a prominent crypto payment provider. By the end of 2024, the company intends to expand its service to additional dealers. In October 2023, Ferrari began taking cryptocurrency payments for its luxury vehicles in

Bitcoin whales reach their highest holdings in 2 years

July 22, 2024 1 min read

Bitcoin whales have been steadily accumulating BTC since the start of the year, suggesting an optimistic view of the crypto market. The consistent acquisition of Bitcoin by prominent holders, sometimes referred to as whales, has bolstered investor confidence and played a significant role in the upward trend of Bitcoin’s value in the last six months. Notwithstanding the current decline in the market, evidence from on-chain sources indicates that large-scale addresses

Vitalik Buterin urges the crypto community to support politicians who uphold decentralization

July 18, 2024 1 min read

Vitalik Buterin, co-founder of Ethereum, has voiced reservations over the political strategy of the crypto movement. He argues that just endorsing candidates based only on their support for crypto is insufficient. He stressed the need for political candidates to endorse overarching principles such as decentralization, privacy, and technological freedom. He also cautioned against the potential long-term dangers of limiting the criteria for supporting political politicians. Buterin criticized the increasing tendency

ChromaWay Collaborate with EU to Implement Chromia Technology

July 15, 2024 1 min read

ChromaWay has announced its ongoing partnership with the European Union in the advancement of blockchain-powered sustainability solutions. The collaboration was showcased during the EU PCP final review meeting, in conjunction with the European Blockchain Services Infrastructure (EBSI) project of the European Union. The outcomes, presented under its institutional brand RBN Eco, demonstrated the progress made in creating decentralized applications for Digital Product Passports and Intellectual Property Rights. The solutions are