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Biden to Step Up Crypto Tax Enforcement to Help Fund $1 Trillion US Infrastructure Plan
30.7.2021
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President...
Estimated Number of Crypto Users Reaches 221M, Spurred by Altcoins
29.7.2021
As of July 6. The estimated global crypto population doubled in four months, and it reached 221m as of June, according to calculations by major crypto platform Crypto.com.
"In comparison, it took nine months to reach 100 million from 65 million" since they began tracking these...
Parliament of West Africa Economic Block Cautions Against Use of Cryptocurrencies
11.7.2021
The parliament of the Economic Community of West African States (ECOWAS) has joined the list of African organizations that have cautioned against the use of cryptocurrencies. In its warning to West Africa crypto users, the legislative body insists these digital assets are too volatile and as such...
Reality show is casting crypto users locked out of their wallets
7.7.2021
The casting director specifically asks crypto users if they’re willing to use all remaining attempts to access their funds in front of the camera
Texas crypto users will soon be able to buy and sell tokens at major supermarket chain
18.6.2021
The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a "crypto law proposal supporter."
Binance Extends Blockade of Zimbabwean Crypto Users to Include Non-Resident Traders
3.6.2021
Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to...
Over 67,000 Fusions: Cashfusion Participants Have Fused Billions of Dollars in Bitcoin Cash
10.5.2021
While some crypto users have been leveraging privacy-centric digital assets like monero, others still use mixing protocols that shuffle unspent transaction outputs (UTXOs) from coins like bitcoin, ethereum, and bitcoin cash. Participants using the Bitcoin Cash network utilize applications like...
South Korea to Crack Down on Phishing Websites Attacking Crypto Users
10.5.2021
South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul...
Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group
6.5.2021
Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of Finance is conducting an in-depth study of cryptocurrencies for regulation purposes. One Million Vietnamese Are Reportedly Crypto Users...
Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income
1.5.2021
Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source...
Norwegian authorities urge crypto users to declare earnings on upcoming return
21.4.2021
"Our experience is that most people will follow all laws and regulations, and we will help those who invest in crypto to do it right," said Marius Johansen
Crypto users demand reinstatement of Pakistani government adviser following sudden resignation
18.4.2021
Zia Ullah Bangash's potential departure from an important role in facilitating Pakistan's regulatory environment for crypto had many threatening to withhold votes and demanding answers
Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data
8.4.2021
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court...
US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex
4.4.2021
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years...
Indian crypto users suspect Flipkart's Bitcoin announcement is an April Fools joke
31.3.2021
True or not, the timing of the announcement is suspect given many companies' apparent fondness of pranking customers on April 1
NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO
26.3.2021
The two main factors driving mass adoption are converging, says Crypto.com CEO Kris Marszalek
New tech allows crypto users to mint NFTs with 'proof of presence'
25.3.2021
IoTeX's project uses "verifiable GPS data to mint NFTs that prove you were at a certain place at a certain time," said Larry Pang
Federal judge's decision could be a blow for the privacy rights of crypto users
23.3.2021
The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra
US-based crypto users likely still have to pay taxes on NFTs, says CNBC
17.3.2021
"If you exchange crypto for any other asset, you immediately recognize a capital gain or loss," said Robert Frank
Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen
25.2.2021
A number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator. Three years ago the website domain changed ownership and ever since then losses have been reported on Reddit forums...