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Modi Reappoints Nirmala Sitharaman as India’s Finance Minister — Investors Remain Concerned Over High Crypto Taxes

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Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister. She remains instrumental in shaping India’s economic policies, including cryptocurrency regulation and taxation. Nirmala Sitharaman Reappointed as Finance Minister Indian Prime Minister Narendra Modi has reappointed Nirmala Sitharaman as Finance Minister, extending her tenure that began in 2019. Sitharaman, who delivered her sixth … Read more

DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam

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The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor funds, never developed the game, and pocketed the proceeds.” US Charges 3 UK Nationals in NFT Rug … Read more

Surge in Digital Asset Investments Following SEC ETF Approvals, Coinshares Reports

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Digital asset investment products have witnessed significant inflows totaling $2 billion, marking a strong five-week streak that accumulates to $4.3 billion. As reported by Coinshares, this surge aligns with increased trading volumes and shifting monetary policy expectations. Record-Breaking Week for Digital Assets as U.S. Ethereum ETF Approval Sparks $2 Billion Surge Digital asset investment products, … Read more

Over 200 BTC From 2013 and 2012 Wallets Awaken, Now Valued at Over $14M

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Over the past weekend, 211.51 dormant bitcoins valued at $14.79 million were reactivated after over a decade of inactivity. More than half of these funds originated from bitcoin wallets that had been inactive since 2012. Vintage Bitcoin Wallets Unleash 211.51 Bitcoin Since June 8, 2024, a series of four transactions brought 211.51 dormant bitcoins back … Read more

Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North

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In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency regulations if they aim to have an impact on the industry. USDT Favored in … Read more

Bitfarms Adopts Defensive Measures Against Riot Platforms’ Takeover

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Bitfarms Ltd. has adopted a shareholder rights plan to protect the integrity of its ongoing Strategic Alternatives Review Process. This plan was unanimously approved by the Board and involves issuing rights to shareholders to prevent unwanted takeovers. Riot Platforms Inc., which owns 11.62% of Bitfarms, made an unsolicited bid to acquire all shares and plans … Read more

Bitcoin Technical Analysis: BTC Holds Steady Amidst Consolidation Phase

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Bitcoin’s price stands at $69,352, within a 24-hour intraday range of $69,213 to $69,840. The leading crypto asset’s market capitalization is $1.36 trillion, with a 24-hour trade volume of $14.83 billion. Bitcoin The hourly chart for bitcoin (BTC) indicates a phase of consolidation with minor fluctuations. The price hit a high of $69,840 before retracting … Read more

Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition

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Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of … Read more

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