Tech

7 May

Trish Turner Takes Charge of IRS Crypto Amid DOGE Cuts and Staff Exodus

In a significant leadership shift, Trish Turner has been appointed to head the IRS’s Digital Assets Office, succeeding Sulolit “Raj” Mukherjee and Seth Wilks, who recently departed the agency. This move comes at a time when the IRS is undergoing substantial restructuring under the Department of Government Efficiency (DOGE), led by Elon Musk. Turner, a seasoned IRS veteran with nearly …

7 May

Binance in the Himalayas: Bhutan Launches Crypto Payments for Travelers

In a bold fusion of ancient tradition and cutting-edge tech, the Kingdom of Bhutan has launched a new crypto payment system that allows tourists to pay for goods and services using Binance Pay. The initiative, spearheaded by Bhutan’s Department of Tourism in collaboration with Binance, aims to modernize the travel experience in the secluded Himalayan nation while promoting financial inclusion …

7 May

Crypto Goes to the Ballot: S. Korean Candidate Pledges Fee Cuts

South Korea’s presidential race is heating up, and for the first time, cryptocurrency has taken center stage in campaign promises. A leading contender for the nation’s top office has pledged to cut crypto transaction fees, signaling a bold attempt to win over the country’s growing base of digital asset enthusiasts. The candidate, widely seen as a frontrunner in recent polls, …

7 May

Trump’s WLFI Crypto Gambit: $1 Airdrop Sparks Bold New Era

In a surprising move that blends political legacy with digital finance, the Trump family has thrown its weight behind WLFI, a new crypto initiative that’s making waves with an audacious airdrop campaign. The project, closely tied to the Trump brand, has proposed a $1 test airdrop to all WLFI token holders—a modest sum with a massive symbolic punch. Market watchers …

6 May

Cardano Price Set for Lift-Off as Bitcoin Bridge Test Passes with Flying Colors

Cardano (ADA) is on the verge of a significant price surge following the successful completion of its highly anticipated Bitcoin bridge test. The test, which aimed to integrate Bitcoin’s blockchain with Cardano’s network, has been hailed as a major milestone for the project and the broader cryptocurrency ecosystem. With the bridge’s success, Cardano is now poised to unlock new use …

6 May

SEC’s Power Play: BlackRock, Nasdaq, and Fidelity Converge at Tokenization Summit

The U.S. Securities and Exchange Commission (SEC) is bringing together some of the most influential names in finance for a pivotal summit on tokenization, with major players like BlackRock, Nasdaq, and Fidelity leading the charge. This unprecedented gathering marks a critical moment for the future of blockchain technology, digital assets, and their integration into traditional financial markets. A Game-Changing Event …

6 May

Crypto Snapshot: Top Stories and Trends You Need to Know Today

As the cryptocurrency market continues to evolve, staying informed on the latest developments is key to navigating its volatility and seizing opportunities. Here’s a quick snapshot of today’s top stories and trends impacting the crypto world: 1. Bitcoin Faces Resistance as Price Struggles to Break $30,000 Bitcoin’s price has remained largely range-bound, hovering around the $29,500-$30,000 mark. Despite strong institutional …

6 May

Cracking Down on Crypto Fraud: $3.5B ‘Pig-Butchering’ Scheme Linked to Karen National Army

The U.S. Treasury Department has launched a significant crackdown on a sprawling crypto fraud empire, exposing a shocking $3.5 billion “pig-butchering” scam operation with ties to the Karen National Army (KNA), a Myanmar-based ethnic militia group. This groundbreaking investigation reveals how a sophisticated web of deceptive schemes has targeted vulnerable individuals across the globe, funneling billions of dollars into criminal …

6 May

High Stakes: Bybit’s 500x Leverage on Stocks and Gold—Breakthrough or Blowback?

Bybit, one of the leading cryptocurrency exchanges, has recently made waves by introducing 500x leverage on U.S. stocks and gold—a move that could revolutionize retail trading, but not without serious risks. The offering, which allows traders to control positions worth up to 500 times their initial investment, is raising questions about whether this is a breakthrough for the financial industry …

6 May

Trump’s Crypto Prediction Under Fire as $800M Volume Surge Shakes Markets

A dramatic shift in cryptocurrency markets has placed former President Donald Trump’s price prediction for digital assets under scrutiny, following an unexpected $800 million surge in trading volume. The massive dump has left investors and analysts questioning the accuracy of Trump’s forecast, as well as the stability of the market in the face of such volatility. Trump, who has recently …