Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a mar...
Category: Crypto
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Leading Chinese Banks Support Hong Kong-Based Crypto Firms: Report
The subsidiaries of some of the largest Chinese banking institutions, including the Bank of Communications, the Bank of China, and Shanghai Pudong Development Bank, have reportedly either started offe...
Crypto Twitter reacts to CFTC lawsuit against Binance
Ad Binance, the largest cryptocurrency exchange in the world, and its CEO Changpeng Zhao have been sued by the US Commodity Futures Trading Commission (CFTC) for allegedly operating an “illegal” excha...
US CFTC takes legal action against Binance, crypto markets fall
The commodity futures trading commission (CFTC) has initiated legal action against leading cryptocurrency exchange Binance for allegedly violating the Commodity Exchange Act by operating without prope...
G-7 Leaders to Draft Urgent Statement on Global Crypto Rules
Leaders of the G-7 countries release a joint statement on global cryptocurrency regulations amid growing concerns over the asset class’s threats to global financial stability. The leaders of Britain, ...
Best crypto memes of the day – March 27th – Cryptopolitan
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
So-called ‘Crypto King’ was Kidnapped for $3M, Suggests Filing
Aiden Pleterski was reportedly kidnapped and beaten in late December 2022 AP Private Equity Limited owes millions of dollars to over 150 investors. Aiden Pleterski, a 23-year-old bankrupt self-procla...
Top crypto tweets of the day – March 27th – Cryptopolitan
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Five Possible Triggers for the Next Crypto Bull Run
What new forces might drive the next crypto bull run? BeInCrypto asked some industry experts for their take. 2021 was a boom year for the crypto markets. It was the year that crypto, blockchain, and w...
The Crypto Race Heats Up with TMS Network (TMSN) Set to Surpass Dogecoin (DOGE) and Solana (SOL) with Mind-Blowing Gains
Dogecoin (DOGE) and Solana (SOL) are two fan favorites amongst investors. Both projects offered great returns for those who got involved early, though Dogecoin (DOGE) and Solana (SOL) have decreased d...
Top Analyst Issues Bitcoin (BTC) Alert, Says Crypto Markets Looking Heavy at the Moment
A closely followed crypto strategist is issuing an alert to Bitcoin (BTC) holders, saying that the king crypto is struggling to take out key resistance levels. Analyst Justin Bennett tells his 111,800...
Chinese Crypto Exec Quits Firm Amidst Sexual Harrasment Probe
A&T Capital’s founding partner Yu Jun reportedly resigned from his position earlier this month. While the crypto fund cited “personal issues” as the reason, Jun has refrained from commenting on th...
New Kaspersky report finds 14% of crypto users don’t back up keys, seed phrases
Ad A third of Americans who own or have owned cryptocurrency have fallen victim to scams and theft, according to a recent survey by cybersecurity firm Kaspersky. The survey released by the security fi...
Report Claims Chinese Banks Show Interest in Hong Kong-Based Crypto Firms
According to a recent report from Bloomberg, Chinese banks are now showing interest in Hong Kong crypto firms. This has surprised the broader crypto community, given that China had once restricted dig...
Fallen ‘Crypto King’ Who Owes Millions to Investors Was Kidnapped and Tortured
Fallen ‘Crypto King’ Who Owes Millions to Investors Was Kidnapped and Tortured Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts A self-styled “Cry...
Countries That Accept Crypto in 2023 – Cryptopolitan
The cryptocurrency industry has advanced greatly since the introduction of Bitcoin in 2009. As the use of digital currencies and other forms of decentralized finance grows, governments across the worl...
Who’s Next After Binance? SEC Alerts Crypto Investors
Even as the crypto market woke up to the news of the Commodity Futures Trading Commission (CFTC) filing a lawsuit against crypto exchange Binance, SEC chair Gary Gensler reiterated caution for investo...
24-Year-Old ‘Crypto King’ Allegedly Part of $41,00,000 Scheme Kidnapped in Attempted Ransom
Canada’s self-proclaimed “Crypto King” Aiden Pleterski, who is currently going through bankruptcy proceedings after allegedly defrauding investors, was reportedly kidnapped and beaten for ransom late ...
Chinese tycoon secretly controlled Gettr to promote crypto
The former Chinese billionaire behind the ill-fated Himalaya exchange and stablecoin reportedly pulled the strings at right-wing media outlet Gettr, using the platform to promote cryptocurrencies and ...
European VC crypto investments at record $5.7b in 2022, DeFi sees 120% increase
Venture capital (VC) investment in cryptocurrency startups based in Europe reached a record high of $5.7 billion in 2022, despite the ongoing bear market and the collapse of prominent industry players...
Liquidations main reason for crypto sell-off, small amounts of realized losses
Quick Take CFTC is suing Binace over the alleged breaking of trading and derivatives rules. This saw a sell-off in the crypto market, with Bitcoin going down to $26,600. However, losses were extended ...
Crypto market rally stalls at the $1.2T level, but bulls are getting positioned
After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was ...
CFTC Goes After Binance and Changpeng Zhao With Lawsuit, Bitcoin (BTC) and Crypto Markets Get Rocked
The Commodities Future Trading Commission (CFTC) has charged crypto exchange Binance and its CEO Changpeng Zhao (CZ) with a long list of regulatory violations, sending uncertainty through the digital ...
Chinese banks going all in on crypto amid US financial crisis
Although crypto trading has been outlawed on the mainland for years, Chinese banks have reached out directly to crypto firms in recent months, adding to evidence that Hong Kong’s desire to become a si...
Nasdaq Says Institutional Adoption for Crypto Growing Steadily
Despite the high-handed regulatory action in the United States, Nasdaq is optimistic about securing regulatory approval in the first half of 2023 for offering crypto custodial services. The 52-year-ol...
Chinese Banks Support Hong Kong Crypto Firms
Hong Kong-based crypto firms preparing for the new licensing regime for crypto exchanges in June have found unexpected allies in the region. Chinese state-owned banks, including Shanghai Pudong Develo...
Canadian ‘crypto king’ allegedly kidnapped and tortured over multi-million dollar investment scam – Cryptopolitan
A self-proclaimed Canadian ‘crypto king’, Aiden Pleterski, 23, has been accused of scamming investors with a sum of $29 million to fund his lavish lifestyle. However, the suit claims he was kidnapped ...
Patricia Ibarra Is the World’s Latest Crypto Scam Victim
Patricia Ibarra is the most recent victim of a crypto scam. She feels bad about the situation, but even worse is that she got some of her own friends and family members involved in the scheme, which m...
‘sell the news’ moment nears after crypto-leading 20% weekly gain
XRP (XRP) price is currently outperforming all other major cryptocurrencies as of March 27, rising over 20% in the past seven days. XRP/USD daily price chart. Source: TradingView XRP accumulation ahea...
XRP Among Top Altcoin Winners in Digital Asset Investment Surge: CoinShares
Alex Dovbnya XRP emerged as one of top winners in recent surge of digital asset investment products, which saw turnaround after six weeks of outflows Digital asset investment products experienced a re...
Solana News Opens The Door To AI Crypto Solutions From Avorak AI and Fetch.ai
SPONSORED POST* With the rise in the number of blockchain systems incorporating AI solutions, Solana’s latest news concerning Avorak AI and Fetch.ai. has brought excitement to SOL users and the entire...
European Crypto Startups See Record VC Investment in 2022
The year 2022 was a tumultuous one for the cryptocurrency industry, with an ongoing bear market and the high-profile collapses of some of its most prominent players, such as Terra and FTX. However, de...