Author: Dren.H

Google is updating its policies to comply with the EU Digital Services Act, sparking mixed public opinions. On August 24, Google shared a blog post announcing significant updates to its service policies. These updates aim to ensure compliance with the EU Digital Services Act (DSA) by August 28. The search engine giant’s forthcoming changes will encompass multiple domains, including ad transparency, data access for researchers, and risk analysis. In preparation for the DSA, Google invested heavily across various segments. One significant move is the expansion of their Ads Transparency Center. This move will grant researchers greater access to critical data,…

The SEC fined Impact Theory $6.1 million for treating NFTs as unregistered securities, sparking regulatory debate in the crypto space. The U.S. Securities and Exchange Commission (SEC) has for the first time taken action against a company dealing in Non-Fungible Tokens (NFTs). The company in focus is Impact Theory, known for its Founder’s Keys NFTs. The SEC has ruled that these NFTs are the same as unregistered securities. As a result, Impact Theory needs to stop selling them, get rid of the unsold ones, and pay a fine of $6.1 million. They also have to give up any extra money…

Binance and TRM Labs assist Tajikistan authorities in arresting key ISIS affiliates, showcasing cryptocurrency’s role in counterterrorism. In a significant advancement in counterterrorism efforts, Binance, the leading cryptocurrency exchange, and TRM Labs, an analytics firm, have actively assisted Tajikistan authorities in apprehending several members of the Islamic State Khorasan Province (IKSP), which is a regional ISIS affiliate. The latter was involved in planning imminent attacks. Their arrests mark a pivotal moment in the fight against regional and global terrorism. Role of Binance and TRM Labs in Counterterrorism Since December 2022, Binance has been working closely with Tajikistan’s Financial Monitoring Department…

Insiders allegedly stole $15 million from Pepecoin, leading to internal strife and a 20% drop in the coin’s value. Last week, the infamous meme-based crypto Pepecoin took a severe hit. Some insiders of the project reportedly snuck away with $15 million worth of Pepecoin. This major breach shook the crypto community and led to a sharp 20% dip in the coin’s value. If you’ve ever wondered about the safety of investing in meme coins, this episode serves as a big, red warning sign. A Shaky Start for Pepecoin Right from the start, Pepecoin wasn’t a bed of roses. Despite soaring…

The Biden Administration’s new crypto tax rules aim to simplify reporting and boost compliance, sparking mixed industry reactions. The U.S. Treasury Department under the Biden administration has recently rolled out a set of new tax reporting guidelines targeting crypto users. Aimed to bolster the tax compliance of crypto users, this move comes as an extension of the $1 trillion 2021 Infrastructure Investment and Jobs Act. The new regulations could bring an additional revenue of approximately $28 billion over the next 10 years. The framework proposes the implementation of a novel tax form known as Form 1099-DA. This form aims to…

OKX and Bybit remove Tinkoff Bank and Sberbank from payment options, following Binance’s lead, amid international sanctions. In a recent development, OKX and Bybit have joined Binance in ceasing their support for certain Russian banks facing international financial sanctions. The exclusion notably affects Tinkoff Bank and Sberbank, which have been removed from the list of available banks for peer-to-peer (P2P) transactions on these platforms. Local Russian users who hold accounts with Tinkoff Bank or Sberbank will now find it impossible to exchange fiat money for cryptocurrency through the P2P platforms of these exchanges. Interestingly, no official confirmation has come from…

PancakeSwap v3 launch on Ethereum’s Linea mainnet brings easier, more efficient, and lower-cost decentralized trading to users worldwide. The decentralized exchange PancakeSwap has launched its Version 3 (v3) on Linea mainnet, Ethereum’s Layer 2 solution. Developed by Ethereum’s ConsenSys lab, Linea aims to attract new users and bolster PancakeSwap’s revenue growth. This expansion builds upon a successful testnet phase, allowing traders to engage in token trading with the benefit of lower fees and enhanced capital efficiency. PancakeSwap’s availability is now broadened, including platforms like Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum. The transition to Linea represents a…

Donald Trump Digital Trading Cards NFT Collection surged in price and interest following a viral interview with Tucker Carlson. The Donald Trump Digital Trading Cards NFT collection have seen a significant spike in value and volume. The surge followed an interview with Tucker Carlson on X, a platform formerly known as Twitter. Within hours, the viral interview amassed an astonishing 110 million views. Earlier, the Polygon-based Trump Digital Trading Cards traded at 0.1 ether (ETH), equivalent to $150. As of the European afternoon hours, the price shot up to over 0.13 ETH, or just above $215. OpenSea, a leading NFT…

The Central African Republic is tokenizing natural resources to foster investment and business growth, despite earlier challenges with cryptocurrency. The Central African Republic (CAR) has initiated the process of tokenizing its natural resources, a major step towards embracing cryptocurrency. Even though Bitcoin has lost its status as legal tender within the country, the CAR’s commitment to digital currency remains strong. The Sango project team, responsible for the nation’s indigenous digital currency, Sango Coin, announced this initiative earlier in the week. The aim is to create a new financial era empowered by blockchain technology. CAR’s legislative body has now authorized the…

Solana Pay has partnered with Shopify to enable USDC payments, simplifying online shopping and reducing transaction costs for millions of businesses. Solana Pay, a new way to pay online, has teamed up with Shopify, a popular platform for online stores. This partnership means millions of businesses can now use Solana Pay to accept payments. Launched in February 2022, Solana Pay is built using Solana’s blockchain, a kind of secure digital ledger. They have chosen USDC, a digital version of the dollar, as their first payment option. This makes sense because many businesses and shoppers already trust and use digital dollars.…