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IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts
28.2.2024
The Internal Revenue Service (IRS) said on Tuesday that it hired two crypto industry executives — Sulolit “Raj” Mukherjee and Seth Wilks — to aid in digital asset reporting, compliance, and enforcement programs.
The post IRS Taps Binance.US, TaxBit Execs to Strengthen Crypto Tax Regulation Efforts...
CBDC Anti-Surveillance State Act Back in the Senate
28.2.2024
The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank...
Russian Allies ‘Very Interested’ in Doing CBDC Business with Moscow – Key Lawmaker
28.2.2024
Russian allies are “interested” in using CBDCs like the digital ruble for cross-border settlements, a lawmaker said on February 26.
The post Russian Allies ‘Very Interested’ in Doing CBDC Business with Moscow – Key Lawmaker appeared first on Cryptonews
Nearly All Bitcoin Holders Are Now In Profit, Blockchain Data Shows
27.2.2024
With Bitcoin (BTC)’s price quickly re-approaching its all-time high, almost all holders of the digital currency are back in the black.
The post Nearly All Bitcoin Holders Are Now In Profit, Blockchain Data Shows appeared first on Cryptonews
Bitcoin Price Prediction as BTC Reaches Highest Level Since December 2021 – $250,000 BTC Incoming?
27.2.2024
As Bitcoin soars past December 2021 peaks, whispers of a $250,000 milestone grow louder. Can the digital titan breach this epic threshold?
The post Bitcoin Price Prediction as BTC Reaches Highest Level Since December 2021 – $250,000 BTC Incoming? appeared first on Cryptonews
U.S. Republican Senators Renew Efforts to Block CBDC Implementation
27.2.2024
US Senators have renewed their assault on any potential central bank digital currency (CBDC) based on the dollar. Republican lawmakers including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, yesterday filed The CBDC Anti-Surveillance State Act. Their proposal pulls no punches....
ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra
27.2.2024
ETC Group, a prominent provider of digital asset-backed securities, has expanded its cryptocurrency product range by introducing an Ethereum (ETH) staking exchange-traded product (ETP).
The post ETC Group Launches Ethereum-Tracking ETP on Deutsche Börse Xetra appeared first on Cryptonews
Digital Euro Association enters a partnership with HBAR Foundation
27.2.2024
The DEA (Digital Euro Association) recently announced a partnership with The HBAR Foundation. The consortium released an official post to announce the collaboration. The post read that the DEA will work with HBAR, the force multiplier for the Hedera network. The collaboration will see the parties...
Republican Senators Propose Legislation to Prohibit CBDC: The Hill
27.2.2024
U.S. GOP legislators have proposed a bill to ban Federal Reserve-backed central bank digital currencies, citing concerns over privacy and government access to citizens’ spending data.
The post Republican Senators Propose Legislation to Prohibit CBDC: The Hill appeared first on Cryptonews
Citizens Open Over 29.16 Million Digital Yuan Wallets in Suzhou, China
27.2.2024
Suzhou, China, has reported that more than 29.16 million residents now have digital yuan wallets as the nation’s CBDC project continues to gather pace.
The post Citizens Open Over 29.16 Million Digital Yuan Wallets in Suzhou, China appeared first on Cryptonews
Crypto Exchange Listing and Delisting Announcements: February 26, 2024
26.2.2024
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
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OpenSea NFT Delisting Sparks Retaliatory Move from Game Developers
26.2.2024
OpenSea, once a dominant force in the NFT marketplace, has hit turbulent waters. The platform finds itself metaphorically shipwrecked along the digital shores of the Web3 game OpenSeason. This dramatic turn of events comes after OpenSea made the controversial decision to delist the game’s...
Digital Asset Investment Funds Record $598 Million Inflows as Yearly Gains Tap $5.7 Billion
26.2.2024
Digital asset investment funds recorded $598 million in inflows in the last seven days as Assets Under Management (AUM) stands at $67.4 billion.
The post Digital Asset Investment Funds Record $598 Million Inflows as Yearly Gains Tap $5.7 Billion appeared first on Cryptonews
Upcoming Solana Airdrop: Real-Estate Exchange Parcl Announces PRCL Token Launch
26.2.2024
Parcl, a Solana-based exchange specializing in real estate index trading, has announced an airdrop for early adopters.
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Chinese Authority Warns of Fake Digital Yuan App Scam
26.2.2024
Chinese Ministry of Industry and Information Technology cautions against counterfeit digital yuan apps as scam tactics evolve, urging the public to verify through official channels.
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Russian Parliament Set to Approve Use of ‘Digital Assets’ in International Payments
26.2.2024
Russian parliament members could this week approve legislation that will allow firms in the nation to use “digital financial assets” in the international payments space.
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ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero
25.2.2024
The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin...
Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
24.2.2024
In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this...
Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
24.2.2024
Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having...
New Roguelike Game Mixes Deckbuliding With Poker
23.2.2024
Poker isn’t the most exciting game to play alone. Even against computer players in a video game,poker isn’t much fun. Balatro—out now on Xbox, PlayStation, Switch, and PC—understands this. Instead of playing other opponents and placing bets, this roguelike deck builder is all about making winning...