In Brief Canada targets $39.5 million in unpaid taxes. Audits crypto traders, needs more education. Plans to enhance crypto tax compliance. The Canada Revenue Agency (CRA) has ramped up its efforts by initiating nearly 400 audits in a significant move to clamp down on crypto tax evasion. These actions underscore a determined pursuit to recover…
Read more
In Brief Ethernity transitions to Ethereum Layer-2 with AI for security. Layer-2 targets entertainment with eco-friendly infrastructure. New projects like Fanable App and Exorians on Layer-2. Ethernity is a platform that offers authenticated and licensed NFTs featuring well-known figures such as Lionel Messi and Shaquille O’Neal. It has announced a Layer-2 solution on the Ethereum…
Read more
In Brief Mode Network launches governance token MODE. MODE token combines governance roles, tokenomics. Network ranks in top 10 Layer-2 with $603 million TVL. Mode Network, a modular decentralized finance (DeFi) Layer-2 solution built on the Optimism Stack, has launched its governance token, MODE. Simultaneously, the network has initiated its crypto airdrop season, with the token claim…
Read more
In Brief Climate tragedy affected more than 700,000 people in Brazil. 15,000 people are in shelters and almost 81,000 are homeless. It is possible to donate in cryptocurrencies such as Bitcoin. To date, authorities have reported more than 100 people missing and 83 dead after storms and rain hit the entire state of Rio Grande do…
Read more
In Brief Dogecoin’s price is attempting to close above $0.16, which is key in initiating a recovery rally to $0.20. The Open Interest has seen a nearly $200 million increase in 48 hours, with traders pining for a price rise. The meme coin is far from noting a market top since less than 84% of…
Read more
In Brief Spot Ethereum ETFs face uncertain future in the US as SEC re-postpones decision. Asset manager Hightower discloses a significant investment in spot Bitcoin ETFs. Regulatory landscape remains a key factor in the trajectory of spot crypto ETFs. The United States Securities and Exchange Commission (SEC) has once again delayed its decision on highly-anticipated…
Read more
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Pulsr, an AI-powered search engine for NFTs, is launching a new token. The genesis of PULSR…
Read more
In Brief Crypto whale invests $10.4 million in PEPE. The transaction includes 1.238 trillion PEPE. PEPE’s value has risen 29.70% last month. A remarkable transaction has shaken the cryptocurrency market as a crypto whale reportedly invested $10.4 million into meme coin PEPE. This substantial investment, unfolding amid a surge in market activity, has triggered intense…
Read more
In Brief Daniel Yan focuses on AI, Solana, memes for May crypto trades. April crypto crash influenced by macroeconomic factors. Yan predicts stabilization, bullish on specific cryptocurrencies. Amid the turbulence that rocked cryptocurrency markets in April, Daniel Yan, the Chief Investment Officer of Kryptanium Capital, has a clear vision for May’s trading strategies. He focuses…
Read more
In Brief A class-action lawsuit is filed against Coinbase over unregistered securities. Plaintiffs allege that Coinbase knowingly violated California securities laws. The lawsuit follows regulatory scrutiny and previous legal action from the SEC. A group of investors has filed a class-action lawsuit against Coinbase, the popular US-based cryptocurrency exchange. They allege that the company has…
Read more
