Author: Mohammed Ali

Article written by Mohammed Ali

Vancouver takes a bold step toward crypto adoption

December 13, 2024 1 min read

Vancouver’s city council is moving forward with plans to include Bitcoin in its financial strategy, guided by Mayor Ken Sim. The proposal suggests creating a Bitcoin reserve and accepting BTC payments for taxes and city fees. This aims to diversify financial reserves and reduce the risks linked to changes in fiat currency value. A feasibility study will be finished by early 2025 to evaluate the possible use of Bitcoin. Mayor

Marathon Digital expands its Bitcoin holdings with a major $1.1B purchase

December 13, 2024 1 min read

Marathon Digital has recently gained attention in the crypto world by buying over 11,000 Bitcoin, which brings its total to more than 40,000. This decision shows the company’s dedication to growing its digital asset collection, following trends seen in other big companies like MicroStrategy and Riot Platforms. Marathon funded the acquisition with a successful offering of zero-coupon convertible notes. This went better than expected and helped them strengthen their position

India partners with DC Wallet and AFC India to boost digital rupee adoption

December 9, 2024 1 min read

DC Wallet has teamed up with AFC India Limited to promote the use of India’s digital rupee, targeting more than 200 million people, especially those without bank access or with limited banking services. This initiative comes after the Reserve Bank of India’s (RBI) successful testing of the digital rupee on Ripple’s XRP ledger, which showed it is secure and can be scaled for wider use. The digital rupee started over

Alameda Research sues Waves founder Aleksandr Ivanov, seeking $90 million in a bid to recover assets lost

November 13, 2024 3 mins read

Alameda Research, a trading firm linked to the now-defunct FTX cryptocurrency exchange, has initiated legal action against Aleksandr Ivanov, the founder of the Waves blockchain platform, in a bid to recover around $90 million. This lawsuit is part of Alameda’s larger effort to reclaim assets and repay creditors affected by FTX’s downfall in 2022. The complaint, filed recently, accuses Ivanov and his companies, Numeris Ltd. and DLTech Ltd., of fraudulent

The Netherlands plans to enforce new crypto tax rules

October 27, 2024 2 mins read

The Netherlands is gearing up to adopt new cryptocurrency tax regulations in line with the European Union’s (EU) recent initiatives. The Dutch Ministry of Finance has unveiled plans to enhance oversight of digital currencies by introducing tax reporting requirements for crypto service providers. Starting January 2026, these providers will need to gather and share their clients’ information with the Dutch tax authorities, a move designed to boost transparency and combat

Bitstamp obtains MTF license to provide crypto derivatives products

October 26, 2024 1 min read

Bitstamp has recently received a Multilateral Trading Facility (MTF) license from Slovenia’s Securities Market Agency, allowing the exchange to offer a broader range of financial products to both retail and institutional clients. This new license enables Bitstamp to introduce crypto derivatives, such as perpetual swaps, which allow traders to speculate on cryptocurrency prices without the concern of expiration dates. Additionally, the license permits trading in structured products, bonds, commodities, and

exSat Network Launches Mainnet with over 270M TVL

October 23, 2024 1 min read

exSat Network has officially launched its mainnet, marking a pivotal moment for both its community and the larger blockchain landscape. This innovative scaling solution aims to fulfill Satoshi Nakamoto’s original vision for Bitcoin, which was to provide users with enhanced freedom, control, and security in financial transactions. Although a significant portion of Bitcoin has already been mined, exSat seeks to expand its practical applications and utility. The launch was supported

PepeCoin Announces Burn Event for BasedAI Network Integration

October 9, 2024 1 min read

PepeCoin is on the verge of a major evolution by introducing a deflationary burn event aimed at reducing its supply. This strategic move is expected to create a supply shock, enhancing the coin’s rarity and potentially increasing its value. During this burn event, holders of PEPECOIN will have the opportunity to exchange their tokens for Brain credits, which can be utilized to acquire BasedAI Brains—key components of the innovative BasedAI

Founder of IcomTech sentenced to 10 years for running a crypto Ponzi scheme

October 9, 2024 1 min read

David Carmona, the mastermind behind the fraudulent IcomTech Ponzi scheme, has been sentenced to 10 years in prison by a US court for deceiving investors in a cryptocurrency scam. This decision was revealed on October 4 by the US Attorney’s Office for the Southern District of New York. IcomTech, which began operations in 2018, falsely marketed itself as a cryptocurrency mining and trading company, enticing investors with promises of high

Christopher DeVocht turns $88,000 into $415 million by investing in Tesla stock

October 5, 2024 1 min read

Christopher DeVocht, an investor who once transformed an $88,000 investment into a staggering $415 million through Tesla stock, is now facing a significant financial setback and has filed a lawsuit against his financial advisors. After initially enjoying substantial gains from Tesla’s soaring stock prices, DeVocht’s fortune evaporated when the market took a downturn, leading to the complete loss of his wealth. In his lawsuit, DeVocht accuses his financial advisors of

Sui TVL Hits $1B, Surpassing Polygon (MATIC) and Optimism (OP)

October 1, 2024 1 min read

Sui, the cutting-edge Layer 1 blockchain, has made waves by surpassing the $1 billion mark in Total Value Locked (TVL), now ranking as the 8th largest blockchain in the space. This impressive growth, over 2700% in just a year, is fueled by its innovative features like the DeepBook central limit order book and a thriving developer ecosystem. With a strong focus on decentralized finance (DeFi), Sui has outpaced established players

VanEck predicts that both a Harris or Trump presidency in 2024 could boost Bitcoin

September 22, 2024 1 min read

VanEck, an asset management firm, has forecasted that both Kamala Harris and Donald Trump may yield favorable results for Bitcoin. A Harris president may expedite Bitcoin adoption owing to structural hurdles and more defined laws, potentially providing Bitcoin a competitive advantage over other digital currencies. Despite apprehensions regarding more stringent regulations under Gary Gensler or Elizabeth Warren, VanEck posits that the prospective economic policies of a Harris administration could still