KuCoin will enforce a 7.5% VAT on transaction fees for Nigerian users from July 8, affecting those who completed KYC. This move raises questions amid the CBN’s ongoing ban on crypto websites and converting cryptocurrencies to fiat. Speculation exists this tax might lead to formal crypto regulations. #NigeriaCrypto
? Marathon Digital (@MarathonDH) boosts its Bitcoin reserves to 18,536 BTC by June 2024, mining 590 BTC in June worth $35.64M. Operational hash rate hits 26.3 EH/s with 250K devices. Strategic moves include immersion cooling and a Finland heating pilot. #Crypto
Our BONK price prediction yielded a 21% return in 5 days, with an entry at $0.00002150 and an exit at $0.000026. Fibonacci analysis identified key support levels, aiding the rally. Current market conditions are uncertain. #Update #CryptoNews
Crypto trader buys $59M in $ETH, $PEPE, $SHIB, $RNDR, $MATIC, $LINK, $AVAX, and $GRT amid market dip. Notable purchases: 9,425 $ETH worth $30.92M, 957.7B $PEPE worth $9.82M, and 583.7B $SHIB worth $9.63M. Signals confidence in market rebound with upcoming ETH ETF launch. #Update
The U.S. government holds 213,543 $BTC from criminal seizures but has lost billions by selling at inopportune times. In 2014, 50,000 BTC was sold for $19M, now worth $3.1B. Upcoming sales may affect market prices. #Update
The National Bank of Ukraine’s new study uses LSTM neural networks to predict $BTC, $ETH, $XRP, and $DOGE prices, outperforming traditional models. Key dynamics: supply/demand, market stability, regulations. This could advance trading algorithms and portfolio tools. #Update #CryptoResearch
Lido has added 100,000 staked ETH amid SEC scrutiny, raising its total to $33.48B. Wrapped staked ETH on Layer 2 networks grew 7.19% with a $1.23B trading volume. #Crypto #Ethereum
Polkadot ($DOT) faces scrutiny after revealing $87M in spending for H1 2024 and a net annual loss of $108M. With 42.4% spent on marketing and ongoing criticisms of governance, concerns about its sustainability are rising. #Update #Crypto
UAE’s MAG partners with @MantraOM to tokenize a $500M real estate portfolio, starting with Keturah Reserve in Dubai. The first vault will tokenize $20M, offering 8% APY from stablecoins and yields in $OM tokens. #RealEstate #Blockchain #Update
NFT.NYC sees a decline in energy and investment as the NFT market matures. Focus shifts from speculative collectibles to practical uses in finance, gaming, and real estate. Tokenized real-world assets now exceed $6.5B TVL. #Update #NFT
Celebs like @TomBrady, @KimKardashian, and @justinbieber face huge losses and legal issues from crypto investments. From failed projects to SEC fines, their ventures highlight the risks in digital assets. #Crypto #Update
Dubai’s @ZandBank partners with Swiss platform Taurus to offer secure crypto custodian services and manage tokenized assets. This move enhances Zand’s digital asset services using Taurus’ wallet tech for both hot and cold storage. #CryptoNews
Lugano, Switzerland, launches Plan ₿ Biz School on July 1, 2024. This one-week program educates students about Bitcoin and blockchain with online/offline classes. Features 300+ expert seminars, 500 student grants, and $110M for startups. Bitcoin trades at $60,350. #Blockchain #Update
MiniPay’s new Pockets feature allows users in Nigeria, Kenya, South Africa, and Ghana to swap stablecoins like $USDT and $USDC with one click. This upgrade, in partnership with Mento Labs, simplifies transactions and supports Web3 adoption. #Update
