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House Panel Chairman Tells CFPB to “Go Back to the Drawing Board” Over Stringent Crypto Oversight Proposal

14.3.2024
House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion Chairman French Hill (R-AR) lambasted the Consumer Financial Protection Bureau (CFPB), telling the independent government agency to “go back to the drawing board” regarding an oversight proposal that would...

Wealthy London Residents Reportedly Use Cryptocurrency for High-End Property Rent Payments

13.3.2024
Some of London’s wealthy residents are reportedly using cryptocurrency to pay for luxury home rentals. High interest rates and a dampened real estate market have led the city’s affluent residents to opt against buying properties. The acceptance of payment in cryptocurrency...

Robert Kiyosaki Warns Biggest Bubble in History Will Wipe Out Boomers — Advises Buying ‘Real Assets’ Like Bitcoin

13.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest bubble in history will wipe out baby boomers, emphasizing that the stock market is set to crash. “Time to get real is now,” he stressed, urging investors to buy “real assets” like gold, silver,...

Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law

13.3.2024
Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11. The post Putin Signs ‘CBDC, Digital Assets Payments’ Bill into Law appeared first on Cryptonews

London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

12.3.2024
In a pivotal announcement, the London Stock Exchange (LSE) has shared its plans to accept bitcoin and ethereum exchange-traded note (ETN) applications, signaling a significant shift toward incorporating digital currencies into mainstream financial markets. LSE Announces Acceptance of Crypto ETNs...

Goldman Sachs, BNY Mellon and Others Test Enterprise Blockchain for Tokenized Assets

12.3.2024

‘Web3 Gaming Offers a Pathway to a More Inclusive and Vibrant Gaming Ecosystem’ — Weiwei Geng

12.3.2024
While the traditional gaming industry’s free-to-play model is largely credited for its past and projected success, on the downside this model only prioritizes building games that “optimize for addiction and profit maximisation” rather than “innovative entertainment,”...

President Biden Proposes Crypto Mining Tax and Wash Sale Rule in 2025 Budget Proposal

11.3.2024
President Biden's 2025 budget proposal aims to introduce a crypto mining tax and close the wash sale loophole for digital assets. The move faces opposition from House Republicans, who criticize the administration's spending. As the 2024 presidential race heats up, the outcome could shape the future...

VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets

11.3.2024
HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors

U.S. President Again Proposes Crypto Mining Tax, 'Wash Sale Rule' for Digital Assets in New Budget

11.3.2024
The U.S. president's budget proposal for 2025 suggests the administration can reduce the national deficit by nearly $10 billion just by "modernizing rules" that include cryptocurrencies

Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms Dealer’s Wallet

11.3.2024
UK-based crypto firm Copper Technologies reportedly transferred digital assets totaling more than $4.2m to a wallet associated with a Russian arms dealer. Subsequently, the individual faced US sanctions months later. The post Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms...

South Korea Aims To Launch Virtual Asset Tracking System to Ensure Tax Transparency

11.3.2024
South Korea plans to launch a tracking system that aims to ensure virtual asset users aren’t avoiding taxes. The National Tax Service has reportedly chosen a consulting firm to develop a sophisticated system for overseeing these assets. The post South Korea Aims To Launch Virtual Asset Tracking...

Australian Crypto Love: Value of Digital Assets Held in Super Funds Surges Past $650 Million

8.3.2024
In just three years, Australian self-managed super funds saw the value of their respective crypto asset holdings rise from just over $159 million to over $650 million. According to an executive with a local crypto exchange, many Australians are seeking to “allocate at least a percentage...

VARA’s CEO Predicts Boom in UAE Crypto Market Post FATF Grey List Exit

8.3.2024
Matt White, CEO of Dubai’s Virtual Assets Regulatory Authority (VARA), sees the Financial Action Task Force’s removal of the UAE from the grey list as a positive move, clearing the way for increased crypto-related investments.     The post VARA’s CEO Predicts Boom in UAE Crypto...

Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets

8.3.2024
Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country. The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...

Crypto Wallet Provider SafePal Invests in Swiss Bank to Enable Banking Services for Crypto Users

7.3.2024
SafePal has made a strategic investment in Swiss bank Fiat24, aiming to provide users with a banking gateway to pay for expenses using digital assets and transfer funds to compliant banks. The post Crypto Wallet Provider SafePal Invests in Swiss Bank to Enable Banking Services for Crypto Users...

Physical Bitcoin Worth Over $1 Million Presented At Auction Houses

7.3.2024
Well-known auction houses that typically offer rare coins, famous artworks, and other popular assets for collectors to bid on have started capitalizing on physical Bitcoin (BTC). Both Stack’s Bowers Galleries and Heritage Auctions are presenting “physical cryptocurrencies” as part of their upcoming...