Topic

Economics News

A collection of 554 issues

Pantera Capital Designates TON Investment as Record-Breaking for the Firm

Pantera Capital, a prominent venture firm, has announced a monumental investment in The Open Network (TON), marking it the largest in the firm's history. This significant financing move was disclosed alongside the creation of the fifth venture fund, Pantera Fund V, with plans to raise $1 billion. The managing partners

Over 20% of U.S. Voters Consider Cryptocurrencies a Key Issue in Presidential Elections, Survey Reveals

According to a recent report from Digital Currency Group (DCG), more than 20% of U.S. voters regard the cryptocurrency sector as a significant issue in the presidential elections. This interest reflects the growing importance of digital currencies in national policy debates. The survey, conducted online by DCG between April

Australian Regulator Requests Data on 1.2 Million Cryptocurrency Exchange Customers to Combat Tax Evasion

In an unprecedented move, the Australian Taxation Office (ATO) has mandated that cryptocurrency exchanges provide detailed customer data for 1.2 million users. This request, reported by Reuters, is part of the regulator's ongoing efforts to clamp down on tax evasion associated with digital asset transactions. The ATO's directive is

Robinhood Receives "Wells Notice" from SEC, Faces Potential Lawsuit Over Crypto Asset Classification

Robinhood, a major player in the cryptocurrency and financial services industry, has been formally alerted by the U.S. Securities and Exchange Commission (SEC) regarding a potential lawsuit following an extensive review. The SEC delivered a "Wells Notice" to Robinhood, indicating that after their investigation, the regulatory body's staff has

The Open Network Clarifies: No Plans to Release a Web3 Smartphone Amidst Market Speculations

The tech community often buzzes with speculation about new gadgets and innovations, especially those related to cutting-edge technologies like blockchain. However, not every rumor turns out to be true. Recently, The Open Network (TON), a nonprofit organization, made it clear that they are not venturing into the smartphone market, contradicting

USDC Surpasses USDT as the Leading Stablecoin in Transaction Volume According to Visa's April 2024 Data Analysis, Highlighting Its Growing Dominance in the Market

In a recent revelation by Visa, the USDC (USD Coin) stablecoin has taken the lead in transaction volumes among stablecoins, notably surpassing USDT (Tether). April 2024 saw USDC achieving a significant milestone with a transaction volume exceeding $1.69 trillion, starkly higher than its closest competitor, USDT, which recorded a

Independent Miner Strikes Gold: Solo Mining Effort Yields 3.125 BTC in a Remarkable Display of Cryptocurrency Acquisition

In the ever-evolving world of cryptocurrency, an independent miner recently made headlines by successfully mining a bitcoin block, earning an impressive reward of 3.125 BTC. This event occurred on April 28, 2024, marking a significant achievement for solo miners who operate outside the more common mining pools. The miner,

Surprising Reward: Airdrop of Meme Coins Covers the Cost of Solana's Chapter 2 Smartphone Pre-order

In an unexpected twist for tech enthusiasts, the airdrop of meme coins has covered the entire cost of the pre-order for Solana Mobile's Chapter 2 smartphone. This intriguing development was disclosed by SolanaFloor experts, who detailed the financial boon that befell those who had reserved this eagerly awaited device. The

FBI Warns U.S. Citizens About Risks Associated with Cryptocurrency Payments, Advises Avoidance of Non-KYC Compliant Services

On April 25, 2024, the Federal Bureau of Investigation (FBI) issued a critical alert to U.S. citizens regarding the use of unregistered cryptocurrency payment platforms. This announcement highlights the potential risks and legal consequences associated with engaging in transactions through services that do not comply with financial regulatory standards,

Indian Smartphone Exports to Russia Surge to Record $36 Million in February 2024

In a significant boost to bilateral trade relations, February 2024 witnessed Indian smartphones emerging as the top export commodity to Russia, with shipments reaching an unprecedented $36 million for the month. This report, citing data from India's Ministry of Commerce and Industry, highlights a monumental 12-fold increase in smartphone exports