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Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator


The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership...

Major Turkish Crypto Exchange Coinzo Shuts Down


Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users to withdraw their holdings in cryptocurrency and Turkish fiat money. Another of Turkey’s...

US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule


A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts...

Furious Abkhazian Villagers Forcibly Close Down Crypto Mining Farms


Crypto mining is threatening to draw a nation into chaos – with angry Abkhazian villagers reportedly taking the law into their own hands by kicking miners out of their regions. The latest development in the South Caucus-located de facto state has seen anarchic uprisings, with miners thrown out...

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