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In a game-changing announcement, Bitget, a leading cryptocurrency exchange, revealed in its latest whitepaper that it plans to burn 800 million BGB tokens—equivalent to 40% of the total supply. This significant decision is expected to bolster the value of the exchange’s native token and enhance its ecosystem. The Burn Explained: What It Means for BGB Holders Token burns are a …

In a startling new report, it has been revealed that “pig butchering” crypto scams have cost victims a staggering $3.6 billion in 2024 alone. This alarming rise in fraudulent activities highlights the growing sophistication of scammers preying on crypto investors and marks a significant increase compared to previous years. The report sheds light on the tactics employed by scammers and …

The crypto community is in an uproar following the release of new DeFi reporting rules by the Internal Revenue Service (IRS). These new regulations, aimed at increasing transparency and improving tax compliance within the rapidly growing decentralized finance (DeFi) sector, have sparked widespread debate among crypto enthusiasts, developers, and tax professionals. While the IRS aims to close potential loopholes and …

Amidst a generally bearish December for the cryptocurrency market, Solana has emerged as a surprising standout. Despite broader market downturns, decentralized exchange (DEX) trading volume on the Solana blockchain has surpassed $100 billion, signaling resilience and continued growth for the network. A Strong Finish to 2024 While the overall crypto market struggled with declining prices and investor caution, Solana’s performance …

In a significant development for the world of cryptocurrency and international law, Montenegro has approved the extradition of Do Kwon, the controversial founder of Terraform Labs, to the United States. Kwon, who is at the center of a massive fraud investigation following the collapse of his blockchain project, now faces prosecution in the US for his role in the TerraUSD …