Crypto Exchange Founder Goes Missing With $2 Billion

The CEO of the Turkish cryptocurrency exchange site Thodex is missing, and with him, $2 billion dollars worth of investor money. Days prior to the shutdown, fellow cryptocurrency platform Vebitcoin released a strange-looking message on its page in Turkish that,…

The University of Wyoming to Begin Staking Cryptocurrency

The state of Wyoming has set aside $4 million for blockchain staking. Wyoming set aside $4 million in an appropriations bill signed by the governor earlier this month for a bitcoin staking scheme to be administered by the University of…

President Biden Plans to Propose on Raising Federal Capital Gains Tax

President Joe Biden is expected to put forth a proposal that will raise the federal capital gains tax from 20% to 39.6%, but if you factor in the Medicare surtax, the richest taxpayers will end up paying 43.4%. According to…

Fashion Labels Will Use Blockchain to Fight Counterfeits

If you’ve been following this series of blockchain articles, you would know that the technology has a wide array of applications outside of bitcoin. We have seen how blockchain can change the healthcare industry, its usage in shipping, and in…

OKB for Noobs

What is OKB? OKB is the native token of OKEx. OKEx is a cryptocurrency exchange located in the Seychelles that offers a trading forum for a variety of cryptocurrencies. Spot and derivative trading are two of the exchange’s most important…

Following its Major Cryptocurrency Acquisition, Tesla Takes $100 Million in Profit

Tesla made a $272 million profit from the sale of some of its bitcoin holdings in the first quarter. Tesla CFO Zach Kirkhorn said on a Monday earnings call that the transaction reduced the company’s Bitcoin holdings by 10%. Tesla…

CBDCs and Stablecoins: The Upcoming Regulatory Fight

We are entering an era of real rivalry between central bank digital currencies (CBDC) and their private equivalents, mainly stablecoins, as the usage of digital assets grows, especially in finance. This time span would see the beginning of the categorization…

Aave Set to Launch Liquidity Mining Rewards

Aave may be on the verge of becoming the leading decentralized finance (DeFi) lending protocol, with a liquidity mining program scheduled to debut on Monday. Aave Improvement Proposal (AIP) 16 was approved earlier today, which means that beginning on Monday,…

Bitcoin Continues its Descent Amid Tax Anxiety

Bitcoin has had a pretty rough week as it has declined in value considerably with many people selling off their cryptocurrency. According to Coindesk, Bitcoin hit a 24 hour low of $47,467.91 making this one of the worst weeks the…

Binance USD for Noobs

What is Binance USD? Binance USD is a stablecoin backed by the US dollar and supported by Binance, one of the biggest cryptocurrency exchanges in the world. This coin has sparked a great deal of curiosity. However, the stablecoin sector…