Bitcoin Maintains Stability Following Its Fourth Halving Event
On Friday, Bitcoin experienced its fourth halving, a significant event in the cryptocurrency’s lifecycle that adjusts the rate at which new coins are generated. Despite the potential for volatility, Bitcoin…
Sweden Claims $90 Million in Unpaid Taxes from Cryptocurrency Mining Firms
The Swedish Tax Agency, Skatteverket, has concluded an extensive investigation into the tax practices of cryptocurrency mining companies, resulting in claims of over $90 million in unpaid taxes. This follows…
Canada Sets Early Implementation of Global Crypto Tax Reporting Standards
Canada is poised to adopt the international Crypto-Asset Reporting Framework (CARF) by 2026, according to a recent supplement to the country’s 2024 annual budget. This proactive measure places Canada ahead…
New Zealand Explores the Potential Introduction of Digital Cash
The Reserve Bank of New Zealand (RBNZ) has initiated a 101-day public consultation to gather input on the foundational principles and design options for a potential digital dollar. This move…
Binance Secures Dubai Crypto License as Co-Founder Zhao Relinquishes Voting Power
Binance, the world’s largest cryptocurrency exchange, has successfully obtained a Virtual Asset Service Provider (VASP) license in Dubai, marking a significant regulatory milestone. This achievement came after Changpeng Zhao, Binance’s…
Sen. Lummis Advocates for Circle Over Tether Amid Proposed U.S. Stablecoin Regulations
Senator Cynthia Lummis (R-Wyo.), a co-author of the latest bill aimed at regulating stablecoins in the U.S., highlighted potential regulatory advantages for Circle Internet Financial compared to Tether, given the…
Binance Bolsters Security and Trust by Converting $1 Billion SAFU to USDC Stablecoin
Binance, the largest cryptocurrency exchange globally, announced on Thursday a significant strategic move involving the conversion of its $1 billion Secure Asset Fund for Users (SAFU) into USDC stablecoin. This…
Upbit Halts High-Value Crypto Transactions Over Regulatory Changes
Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for digital assets exceeding 1 million Korean won (approximately $721). This decision is…
Tether CEO Stresses Importance of Competition in Stablecoin Market for Regulatory Engagement
Tether CEO Paolo Ardoino, speaking at Paris Blockchain Week, highlighted the significance of Ripple’s decision to launch its own stablecoin, noting that this move could enhance the legitimacy of the…
Ore Project’s Creator Suggests Incentives for Testnet Participation to Mitigate Solana Congestion
Hardhat Chad, the pseudonymous creator behind the Ore project, has put forward a proposal to the Solana Foundation suggesting the implementation of rewards to enhance testnet activity amid recent network…
Telegram’s Durov Foresees Crypto-Inspired Devices to Counter Government Surveillance
Pavel Durov, the founder of the encrypted messaging app Telegram, envisions the emergence of secure communication devices inspired by cryptocurrency hardware wallets as a response to increasing government surveillance. In…
Binance.US Welcomes Former NY Fed Chief Compliance Officer to Its Board
Binance.US, the American arm of the global cryptocurrency exchange, has announced the addition of a distinguished new member to its board of directors. Martin Grant, who served as the chief…
UK Set to Unveil Comprehensive Crypto Regulation Framework by July
The United Kingdom Treasury is poised to introduce a detailed regulatory framework for cryptocurrencies and stablecoins by July, aiming to boost local innovation within the digital assets and blockchain sectors.…
Normalizing Trends Emerge in Spot Bitcoin ETF Market After Initial Hype
The initial excitement surrounding the launch of spot Bitcoin ETFs appears to be waning as the market begins to stabilize. This shift in momentum has been marked by a recent…
Crypto Wallet Maker’s Alarm Over iMessage Vulnerability Likely Overstated
This week, the crypto wallet manufacturer Trust Wallet issued a stark warning about a potential zero-day exploit targeting iMessage, which they claimed was circulating on the Dark Web. However, scrutiny…
Tether and Circle Adopt Contrasting Strategies to Navigate Global Stablecoin Regulations
As the integration of traditional financial systems with the cryptocurrency economy deepens, significant stablecoin issuers like Tether and Circle are charting distinct paths through the evolving regulatory landscape. Each company’s…
Norway Implements Data Center Legislation, Increasing Oversight on Bitcoin Mining Operations
Norway has introduced new legislation aimed at regulating data centers, a move that could bring about heightened scrutiny for Bitcoin miners within the country. This new framework requires all data…
In-Depth Analysis: Changpeng Zhao’s Upcoming Sentencing and Its Implications for the Crypto Industry
Former Binance CEO Changpeng “CZ” Zhao is set to appear before Judge Richard Jones in the United States District Court for the Western District of Washington on April 30, following…
Crypto Projects Vanish After Utilizing Stolen Funds for Liquidity Revealed
In a significant development, three cryptocurrency projects mysteriously disappeared from the internet shortly after a blockchain investigator, known as ZachXBT, linked their liquidity provisions to funds previously stolen in various…
Addressing Network Congestion: Strategies and Challenges for Solana Developers
The Solana Foundation has acknowledged that the recent congestion issues plaguing its network stem from a surge in demand for block space combined with delays in updating its networking stack.…