
US President Joe Biden Vetoes SAB 121 Repeal, Sparks Crypto Industry Backlash
Jun 01, 2024 03:19 am UTC| Technology Digital Currency
President Joe Biden vetoed the repeal of SECs SAB 121, prioritizing investor and consumer welfare, sparking significant controversy in the cryptocurrency industry. Bidens Veto on SECs Crypto Accounting Bulletin Faces...

Oklahoma Senate Approves Tax Breaks for Bitcoin and Crypto Mining Operations
Jun 01, 2024 03:13 am UTC| Technology Digital Currency
The Oklahoma Senate has passed House Bill 1600, which provides tax exemptions for Bitcoin and cryptocurrency mining. The bill aims to bolster the states blockchain industry and economy. Oklahoma Senate Approves House...

Kia EV9 American Production Starts in Georgia, Qualifying for Federal Tax Credit Up to $7,500
May 31, 2024 16:04 pm UTC| Technology
Although the three-row Kia EV9 has been a huge success up to this point, it does have one significant drawback: because it is manufactured in Korea, it is not eligible for a tax credit of up to $7,500 unless it is obtained...

Hong Kong Officially Kicks Out All Unlicensed Crypto Exchanges, Enforcing Strict Regulations
May 31, 2024 15:53 pm UTC| Technology Digital Currency
Through this regulatory action, the Securities and Futures Commission (SFC) has demonstrated its dedication to promoting a safe and open environment for the trading of virtual assets. Hong Kong Regulators Mandate Crypto...

Ethereum Price Soars Amid $40M Influx: Will the Bullish Trend Continue?
May 31, 2024 15:42 pm UTC| Technology Digital Currency
The price of Ethereum has recovered momentum after a period of volatile trading. Its price has recently increased due to increased anticipation following the surprise approval of the Spot Ethereum ETF by the United States...

Shiba Inu Burn Rate Jumps Over 300%, Investors Eye Possible Price Rebound
May 31, 2024 08:43 am UTC| Digital Currency Technology
Shiba Inu experienced a 310.99% burn rate increase on Friday, May 31, causing excitement among traders about a potential price rebound. SHIB Burn Rate Spike Shibburn, a reputable website that meticulously tracks the...

Crypto Losses Surge in 2024 Amid Rising Hacks and Rug Pulls, Report Reveals
May 31, 2024 05:55 am UTC| Technology Digital Currency
A recent report by Immunefi highlights a significant rise in cryptocurrency losses due to hacks and rug pulls in 2024. Despite a bullish market, the sector saw $473 million in losses, underscoring the urgent need for...