Nigeria’s tax watchdog proposes comprehensive crypto

Major cryptocurrency exchange Bitfinex and its spin-off Ethfinex have launched a new initial exchange offering (IEO) platform dubbed Tokinex. The news was revealed in a press release shared with Cointelegraph on May 21.As reported, IEOs have recently emerged as an alternative model of token offering wherein a centralized crypto exchange acts as a form of…

Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility.After a classic “short squeeze” took the largest cryptocurrency to near $36,000, Bitcoin market participants are highlighting key levels to look for from Nov. 8 onward.Bitcoin buy liquidity inches down to $34,000Bitcoin is facing hurdles overcoming resistance at the $36,000 mark

The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges. 229 Total views 20 Total shares Money transmission network MoneyGram now has a minority investment in crypto ATM operator Coinme following a Series A funding round.In a Wednesday announcement, MoneyGram said it had purchased a roughly 4%…

The Australian arm of Big Four accounting firm KPMG could soon be holding executive meetings and closing multi-million dollar deals with clients in the Metaverse, with the firm now exploring how the revolutionary technology can transform its business model.In a recent interview, KPMG’s James Mabbott, Partner in Charge at KPMG Futures said the firm sees…

Avanti’s Caitlin Long expects the U.S. Federal Reserve to make it harder for crypto companies to access USD payment channels. 840 Total views 3 Total shares Caitlin Long, the founder and CEO of the pioneering bank for the crypto sector, Avanti Bank & Trust, has declared that the regulatory crackdown on crypto “has begun.”In a…

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

Key takeaways US crypto investors must file their 2024 tax returns by April 15, 2025, ensuring all crypto transactions are accurately reported to the IRS. Crypto held for less than a year is taxed as ordinary income (10%-37%), while holdings over a year qualify for lower capital gains rates (0%, 15%, or 20%). Selling, trading

An Arbitrum-based algorithmic stablecoin project has fallen prey to a smart contract exploit, seeing $2 million stolen from users. 243 Total views 2 Total shares Own this piece of history Collect this article as an NFTProspective users of an Arbitrum-based decentralized finance (DeFi) project have been left out of pocket following a $2 million exploit.Web3…

Half of the US states that filed litigation against Coinbase in 2023 have dismissed their lawsuits against the cryptocurrency exchange. 220 Total views 1 Total shares The Alabama Securities Commission, a financial regulator for the US state, dropped its lawsuit against crypto exchange Coinbase, which accused the company of violating securities laws by offering staking