Ripple's XRP Security Ruling Unlikely to Affect Bankrupt Crypto Lender Celsius' Wind-Up Plans, Says Counsel
The recent ruling that XRP is a security is unlikely to affect the wind-up of bankrupt crypto lender Celsius, according to the lender's counsel. The new company set to take over Celsius is not engaged in securities offerings or any of Celsius' historic business practices. The Fahrenheit consortium, which won a recent bid for Celsius' assets, will focus on less legally contentious issues like bitcoin mining and Ethereum staking.
Scam Alert Issued as Fake Shiba Inu Support Accounts and Counterfeit Tokens Surge on Twitter
Investors in Shiba Inu cryptocurrency are being warned of an increase in fake support accounts and counterfeit tokens on Twitter. The ShibArmy community is being urged to remain vigilant and report any suspicious activity. The fraudulent accounts aim to deceive unsuspecting investors and cash in on the popularity of Shiba Inu.
Understanding Cryptocurrency Taxation in Switzerland: A Comprehensive Guide
Switzerland has become a popular destination for cryptocurrency enthusiasts, but it's important to note that cryptocurrencies are still subject to taxation. The tax treatment of cryptocurrencies in Switzerland can vary based on factors such as the purpose of holding or using them, an individual's tax residency, and the regulations of the specific canton.
78% of Americans Believe Bitcoin Will Hit All-Time Highs, New Study Reveals
A recent survey conducted by CryptoVantage found that 78% of Americans who invest in cryptocurrency believe that Bitcoin will reach a new all-time high. 23% of respondents predicted this would happen within the next year, while 47% believe it will happen within the next five years.
0Xscope: Arkham Has Transferred 30 Million Arkm to The Airdrop Contract
According to 0xScope monitoring, the cryptocurrency intelligence analysis platform Arkham has transferred 30 million ARKM tokens from its vault to the airdrop contract beginning with the address 0x08c7.
Crypto Industry Employment Surges 160% Since 2019, Despite High-Profile Implosions
According to a report by K33. The report, entitled "The Emerging Crypto Industry," estimates that the total number of people working in crypto as of 2023 is almost 190,000, up from around 73,000 in 2019. The data shows that the crypto industry peaked in terms of total staff numbers in 2021, with more than 211,000 professionals. While some major firms have been laying off thousands of people, some crypto giants have apparently never employed more than 100 people.
Paradigm hires DC Lobbyist to aid its Push for Clearer Crypto Regulation
According to The Block, Paradigm appointed Alexander Grieve as its new government relations lead. According to reports, Grieve has over a decade of experience in Washington politics and financial policy, and has lobbying experience in cryptocurrency during his time at Tiger Hill Partners. Paradigm stated that Grieve's addition will drive clearer government regulation.
SUI surged over 15.13% in 24 hours, possibly influenced by the Official Unlocking Time
According to SUI official, SUI briefly rose above $0.78 and is currently priced at $0.7704, with a 24-hour increase of 15.13%. According to the official updated schedule of future token issuance, the next large-scale unlocking of SUI will occur in May 2024.
Paradigm Hires Alexander Grieve As Government Relations Lead Amid Crypto Regulation Debate
Alexander Grieve has been hired by Paradigm as their new government relations lead. With over a decade of experience in DC politics and financial policy, Grieve will be joining the venture capital firm as they lead the industry in advocating for clearer regulations. Grieve expressed his excitement about joining Paradigm on Twitter.
Reddit's Moons Spike After Phasing Out Announcement and Contradictory Moves Lead to Speculation
Reddit, the content aggregation and discussion platform, has caused controversy by phasing out its virtual currency, Reddit coins. This move has led to speculation about the platform's intentions, including the possibility of Reddit adopting its own cryptocurrency or digital currency system.
