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Facebook Defends Libra in the U.S. Senate, Has No Plans for India


Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C. about its new cryptocurrency project Libra, co-launched with 27 partners. Also, the company confirmed it has no plans for India for now. In a letter to the Committee on Banking, Housing, and Urban Affairs...

IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users


A recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts...

This is How the U.S. Taxman is Looking for Your Crypto


Source: iStock/D-Keine A set of slides allegedly prepared for agents working with criminal investigations in the Internal Revenue Service (IRS) – the tax authority in the U.S. – is shedding more light on how the government is going after crypto users who are suspected of engaging in tax evasion...

Three Bank Failures Open New Chapter in Never-Ending Financial Crisis


The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...

Former Ripple Exec to Lead Binance into the U.S. Market


Catherine Coley and Changpeng Zhao at the Binance Blockchain Event in January 2019. Source: Twitter, @cryptocoley Catherine Coley, former Head of XRP Institutional Liquidity at Ripple, a fintech company, appointed as CEO of Binance.US, an American branch of major cryptocurrency exchange...

Ledgerx Approved to Offer Regulated Bitcoin Derivatives to Retail Investors


The U.S. Commodity Futures Trading Commission has approved Ledgerx to offer physically-settled bitcoin spot and derivatives trading, previously available only to institutional investors, to retail investors of any size. Ledgerx explained that its new platform will share the same order book as...

Mydigitaldiscount.com Will Sell You Home Automation Gadgets for Bitcoin


The range of products and services you can pay for with digital coins is constantly expanding. Cryptocurrencies, which are considered to be the future of money, can now be used to purchase items that will change our lives in the future. An online retailer in the U.S. called My Digital Discount...

Crypto Trading Getting More Difficult in the U.S., What Can Be Done?


Two U.S.-based exchanges have recently announced the delisting of several cryptocurrencies for U.S. customers supposedly in response to the regulatory uncertainty pertaining to what cryptoassets will be considered as securities and which ones will not by the country’s financial regulator....

Binance U.S. Partnership News Puts BNB Under Question, Coin Drops


Major cryptocurrency exchange Binance confirmed it will enter the U.S. market via partnership with a local company, BAM Trading Services. Now, one of the main questions being discussed is what will happen with Binance Coin (BNB), the native token of the exchange, after the Binance.US...

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