The Internal Revenue Service (IRS) is taking steps to ensure proper tax compliance among U.S. taxpayers with cryptocurrency holdings. In its pursuit of enhanced digital asset tax compliance, the IRS…
In a recent testimony before the House Financial Services Committee, Federal Reserve Chair Jerome Powell emphasized the importance of central bank involvement in the approval and regulation of payment stablecoins.…
Bitcoin, the world’s leading cryptocurrency, has been making waves in the financial market. Its recent achievement of surpassing the $30,000 mark and experiencing a remarkable 12% gain within just 24…
Andrew Tate, a well-known controversial influencer faced a setback in mid-February 2023 when Romanian authorities seized his Bitcoin holdings. The seizure involved approximately 21 BTC, valued at around $565,000, belonging…
BNBChain has recently announced the launch of opBNB on testnet, introducing a Layer 2 (L2) solution that leverages the OP Stack. opBNB, with a block gas limit of 100M gas,…
Tesla CEO Elon Musk is facing a class action lawsuit filed by investors who claim that he engaged in insider trading and manipulated the cryptocurrency Dogecoin. The investors allege that…
Indonesia, known for its breathtaking landscapes, cultural diversity, and warm hospitality, has now made waves in the world of cryptocurrencies. The Indonesian government recently unveiled a groundbreaking move by releasing…
Midas Capital on the Binance Smart Chain, has recently suffered a targeted hack, resulting in a substantial loss of around $600,000. The breach exploited vulnerabilities within specific contracts, demonstrating the…
Amidst the anticipation surrounding the Ripple-SEC case, a tweet from an XRP community member raised concerns about the SEC dropping its lawsuits before a summary judgment. Such a move could…
Portaldobitcoin reported Brazil has passed a new law aimed at regulating the digital asset market. The law designates the country’s central bank as the primary regulator, granting it the authority…
MakerDAO, one of the leading decentralized autonomous organizations (DAOs) in the cryptocurrency space, has recently achieved a significant milestone. According to data from makerburn.com, MakerDAO’s annualized income has reached an…
The SEC Stabilization Act, according to Davidson, seeks to fix the ongoing abuse of power and establish long-term market protection. “It’s time for real reform and to fire Gary Gensler…
In the volatile world of #cryptocurrencies, experiencing a bear market is an inevitable part of the journey. A bear market refers to a prolonged period of declining prices and pessimistic…
There has been significant movement of assets on major cryptocurrency exchanges, particularly Binance and Coinbase. According to data from pro.nansen.ai/exchange-flows, Binance witnessed a net outflow of approximately $2.376 billion in…
In a recent statement, Hong Kong legislator Jonny Ng extended an invitation to global cryptocurrency exchanges, including Coinbase, to apply for compliance exchanges in Hong Kong. Ng expressed his willingness…
Bloomberg reported, Nigeria’s Securities and Exchange Commission (SEC) has recently declared the operations of Binance Holdings Ltd., the world’s largest cryptocurrency exchange, as ‘illegal’ within the country. This announcement by…
Ethereum, one of the most prominent blockchain platforms, has experienced incredible growth since its inception. However, as the Ethereum network continues to expand, it faces significant challenges related to scalability,…
Blockworks Reported Despite the SEC’s lawsuit against Coinbase, Circle and Kraken remain committed to their plans of going public, although challenges in the current business environment persist. Circle, a prominent…