Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

Paju city officials in South Korea threaten to seize and sell crypto assets of tax debtors

November 19, 2024 1 min read

Authorities in Paju, South Korea, have issued a stern warning to tax defaulters, threatening to seize and sell their cryptocurrency holdings if debts are not paid by the end of November. Targeting 17 individuals who collectively owe 124 million Korean won (approximately $88,600), the city aims to combat the growing trend of using cryptocurrencies to evade taxes. Officials emphasized that digital assets would not shield individuals from financial obligations, with

Bitcoin soars to a historic $93,000

November 13, 2024 2 mins read

Bitcoin has recently reached a remarkable milestone, soaring to an all-time high of $93,000. This achievement is not merely a product of speculation; it reflects a combination of key factors that are driving Bitcoin’s ascent in the financial world. One of the most significant influences has been the influx of institutional investment, with major financial players like BlackRock and Fidelity entering the cryptocurrency market. Their involvement lends credibility to Bitcoin,

A Chinese official received a life sentence for espionage after selling state secrets to pay off crypto debts

November 11, 2024 1 min read

Wang Moumou, a Chinese official, has been sentenced to life in prison for espionage after he sold state secrets to British intelligence. His financial troubles, primarily due to unsuccessful investments in cryptocurrency, pushed him to commit this crime, for which he received over a million yuan in crypto payments. The National Security Ministry of China has condemned Wang’s actions but has chosen not to implicate the cryptocurrency community in his

Bitcoin (BTC) nears all-time highs

October 30, 2024 1 min read

As Bitcoin (BTC) nears its all-time high, savvy investors are finding ways to trade without impacting the market price. Currently priced at around $72,300, Bitcoin is just shy of its previous peak of $73,798 from March, having surged nearly 14% this month, marking its strongest monthly performance since March. A notable trend in this recent Bitcoin rally is the significant increase in over-the-counter (OTC) trading. OTC desks, which facilitate private

Hong Kong Stock Exchange makes history with Asia’s first EU-regulated crypto index

October 30, 2024 1 min read

The Hong Kong Stock Exchange (HKEX) is poised to make a significant leap in the financial landscape by introducing Asia’s first EU-regulated crypto index on November 15. This innovative step is expected to open up fresh investment avenues in Hong Kong, bridging the gap between cryptocurrency and traditional stock markets. Financial analysts view this initiative as a progressive move that reinforces Hong Kong’s status as a forward-thinking financial hub. The

Solana-based meme coin POPCAT surges by over 27%

October 24, 2024 1 min read

In a surprising twist in the crypto landscape, while major players like Bitcoin and Ethereum are experiencing declines, the Solana-based memecoin POPCAT (SOL) has emerged as a standout performer. It recently hit an impressive all-time high of $1.67, marking a remarkable increase of over 24.63% from a previous low of $1.34 within just 24 hours. This surge follows a brief dip earlier in the week, hinting at a renewed wave

Grayscale files to convert its $524M Digital Large Cap Fund into an ETF

October 17, 2024 1 min read

Grayscale Investments is making strides in the crypto space by seeking approval from the US Securities and Exchange Commission (SEC) to transform its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). This fund, which currently trades over the counter, provides investors with a diversified portfolio that includes major digital currencies like Bitcoin, Ether, Solana, Ripple, and Avalanche. With $524 million in assets under management, the GDLC primarily focuses

Ubisoft to launch its first Web3 game with the Oasys layer 2 HOME Verse

October 11, 2024 1 min read

Ubisoft is set to make waves in the gaming world with the launch of its first web3 game, “Champions Tactics: Grimoria Chronicles,” on October 23rd. This tactical RPG invites players to dive into the dark fantasy realm of Grimoria, where they can assemble teams of unique mythical Champions for exhilarating PvP battles. Developed in collaboration with Oasys and double jump.tokyo, the game aims to seamlessly integrate web3 technologies, allowing players

A crypto strategist believes Bitcoin (BTC) can witness an abrupt rally to $68,000

October 7, 2024 1 min read

In the ever-evolving world of cryptocurrency, a prominent strategist known as Credible Crypto is stirring excitement among followers with predictions of a potential Bitcoin (BTC) rally. He suggests that Bitcoin could surge to $68,000 in the near future, sparking a wave of optimism across the altcoin market. However, he cautions that this upswing may be fleeting, as he anticipates a return to bearish trends shortly after. Credible Crypto, who boasts

Nvidia faces a revived class-action lawsuit backed by the SEC

October 5, 2024 2 mins read

Nvidia is currently under scrutiny as the SEC and DOJ support a revived class-action lawsuit accusing the company of misleading investors regarding its revenue from cryptocurrency mining. This lawsuit, initially filed in 2018, claims that Nvidia downplayed its reliance on crypto-related earnings during a period of high demand for GPUs in mining. The U.S. government’s involvement aims to hold Nvidia accountable for allegedly misrepresenting its financial health, particularly in light

The IMF wants El Salvador to limit “public sector exposure to Bitcoin”

October 5, 2024 1 min read

The International Monetary Fund (IMF) has advised El Salvador to limit its Bitcoin law and reduce public exposure to the crypto. During a press conference, IMF spokesperson Julie Kozack emphasized the need for a narrower scope of the Bitcoin law, enhanced regulatory frameworks, and oversight of the Bitcoin ecosystem. This recommendation is part of ongoing discussions between the IMF and El Salvador, focusing on addressing the risks associated with Bitcoin.