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House committee ranking member says a stablecoin bill could be coming soon
25.4.2024
House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate
New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global
25.4.2024
According to global ratings firm S&P Global Ratings, a new bill focused on stablecoins introduced to the United States Senate has the potential to incentivize U.S. banks to enter the stablecoin market.
The post New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global...
Turkey tops the world in stablecoin buying share vs. GDP
25.4.2024
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis
US SEC expected to deny spot Ether ETFs next month
25.4.2024
Other evidence suggests that the SEC will likely delay the approval of spot Ether ETFs, while Hong Kong will start trading such products next week
Legal Pad with ‘Buy Bitcoin’ Note Shown Behind Janet Yellen Fetches $1 Million in Auction
25.4.2024
A yellow legal pad with the words "Buy Bitcoin" written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.
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Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
25.4.2024
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators
Banks could flood into stablecoins if new bill passes: S&P Global
25.4.2024
The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings
Australia joins 1,000+ Bitcoin ATM club alongside US, Canada
24.4.2024
The United States hosted its first 1,000 crypto ATMs in November 2017, while Canada achieved the same in January 2021
Binance founder should be jailed for 36 months, US prosecutors say
24.4.2024
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023
SEC Sued by Crypto Industry Groups Over Definition of ‘Dealer’ in Securities
23.4.2024
The Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the United States Securities and Exchange Commission (SEC), filing a lawsuit in the Northern District of Texas.
The post SEC Sued by Crypto Industry Groups Over Definition...
Crypto Contributions Exceed $2B in 2024 as Top U.S. Charities Embrace Digital Donations
23.4.2024
Leading charitable organizations in the United States are embracing cryptocurrencies amid the growing adoption of digital assets.
The post Crypto Contributions Exceed $2B in 2024 as Top U.S. Charities Embrace Digital Donations appeared first on Cryptonews
Robert F. Kennedy Jr Wants to Move US Budget Management to the Blockchain
22.4.2024
Robert F. Kennedy Jr., a candidate for the United States presidential election, is dedicated to implementing blockchain technology to change the US budget system. At a Michigan campaign rally on April 21, he announced his plans, saying that the change would allow Americans to see "every budget item...
IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers
20.4.2024
The United States Internal Revenue Service (IRS) has recently released a draft of Form 1099-DA for reporting income derived from digital asset transactions.
The post IRS Releases Draft of 2025 Digital Asset Reporting Form for US Taxpayers appeared first on Cryptonews
SEC Reworks Justin Sun Tron Lawsuit, Claims Founder “Traveled Extensively”
19.4.2024
The United States Securities and Exchange commission (SEC) has edited its Tron lawsuit against Justin Sun and his companies the Tron Foundation, the BitTorrent Foundation, and Rainberry, amended court docs filed on Thursday reveal. The filing marks the latest legal move in the SEC's fight against...
Russian Duma Financial Market Chairman States Digital Financial Assets Might Replace Fiat for International Payments
19.4.2024
Chairman of the Russian State Duma Committee on the Financial Market Anatoly Aksakov stated that digital financial assets, issued by institutions regulated by the central bank, could replace fiat channels for international settlements. Aksakov also acknowledged that while not being controlled...
BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant
16.4.2024
BlackRock's Bitcoin ETF stands out as the sole spot Bitcoin fund in the United States to experience inflows on Monday, while other ETFs reported either zero inflows or even outflows.
The post BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant appeared first...
Senate Candidate John Deaton Calls Gary Gensler a “Bad Faith Regulator,” Voices Support For Coinbase in SEC Case
15.4.2024
John Deaton, the pro-crypto candidate running to win Seator Elizabeth Warren’s current senate seat, took to X Monday (formerly Twitter) to criticize United States Securities and Exchange Commission (SEC) chair Gary Gensler over the new Coinbase appeal, calling him a “bad faith regulator.” The...
IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year
15.4.2024
Guy Ficco, the IRS Criminal Investigation Chief, says the agency is prepared for a significant uptick in crypto-related tax evasion cases amid the tax filing season.
The post IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year appeared first on Cryptonews
Payment Use Cases Fuel Increasing Stablecoin Growth
12.4.2024
The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...
Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially Priced In
10.4.2024
Bitcoin's highly anticipated "halving" event may already be partially factored into the market, according to the CEO of Marathon Digital Holdings Inc., the largest cryptocurrency miner in the United States.
The post Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially...