Ad A new report from CryptoCompare, a provider of crypto market data, reveals that Binance’s market share rose from 59.4% in January to 61.8% in February. Binance, the world’s largest centralized cryp...
Tag: Crypto
President Biden’s 2024 Tax Plan to Target Crypto Wash Trading and Capital Gains
U.S. President Joe Biden released his official 2024 budget plan this Thursday – and cryptocurrency transactions are in its crosshairs. His many proposals include subjecting crypto to the same wash sa...
Are Crypto Pension Funds A Good Idea for Managing and Investing Money?
Decentralization has been gaining momentum in the world of finance for some years now. From cryptocurrencies to blockchain technology, decentralized technologies are transforming how we manage and inv...
Over 130 US Banks Have Ongoing or Planned Crypto Assets Activities ⋆ ZyCrypto
Advertisement     The number of banks in the U.S. under the Federal Deposit Insurance Corporation (FDIC) dabbling with crypto assets has continued to surge, indicating...
US REPO task force names crypto as target in efforts involving $58B in sanctioned assets
The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies and Oligarchs (REPO) Task Force have targeted crypto in Russian entities’ attempts to evade sanctions. In ...
Ethereum Stakers Feeling Max Pain As Attention Shifts Towards Bitcoin, Says Crypto Analytics Firm
Leading analytics firm Santiment says Ethereum (ETH) stakers have little to cheer about as values drop and crypto interest shifts to Bitcoin (BTC). Santiment says the outlook is souring for ETH staker...
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The voluntary liquidation of Silvergate Bank, a crypto-friendly bank, has caused a stir in the crypto industry, with many sharing their thoughts about the bank’s troubles and the broader impact of its...
Coinbase and $20,000,000,000 Hedge Fund Backing New Decentralized Crypto Exchange
Top US-based crypto exchange Coinbase is teaming up with a privacy-focused crypto firm to launch a new decentralized exchange (DEX) platform. In a new press release, decentralized finance (DeFi) firm ...
Fed vice chair highlights need for crypto safeguards
Federal Reserve Vice Chairman Michael S. Barr has published an article regarding cryptocurrencies, highlighting the creation of a team of professionals to examine the issue. In the article, Barr state...
Gate.io Partners With Visa to Launch Crypto Debit Card in Europe
Exchange News Gate has announced that it is now accepting registrations and waiting lists from users. The firm’s Lithuanian subsidiary, Gate Global UAB, will introduce the card. Even if the market wer...
Gary Gensler Faces Flak For ‘Misleading’ Talk On Crypto Market
Crypto News: In sheer contrast to the market perception, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler reiterated that laws around digital asset activities in the US are clear. He e...
Bakkt partners with Caesars Entertainment to bring crypto rewards to the Las Vegas strip
Bakkt Holdings, Inc., a company focused on unlocking the crypto economy for partners through commerce and loyalty programs, has announced a partnership with US-based casino-entertainment firm Caesars ...
“NFT” sweeps across US as the most used crypto slang
Ad The word “NFT” (non-fungible token) is the most popular crypto slang used in the U.S., according to a recent study by Crossword Solver. The word “NFT” came forward as the most used crypto slang in ...
Federal Reserve Setting Up New Squad of Crypto Specialists
“While crypto assets are hyped as decentralized, there has been an emergence of new, quite centralized intermediaries that are either not subject to or not compliant with appropriate regulation and su...
Levy On Crypto Transactions To Raise $24M In Biden’s Budget
Biden’s budget plans to lower drug prices, raise some business taxes, reduce fraud and cut wasteful spending. It will also propose changing the tax treatment of cryptocurrency transactions. Even thoug...
The battle for regulatory classification in the crypto world
Ad Non-fungible tokens (NFTs) do not qualify as securities, according to a statement released by the German Financial Supervisory Authority (BaFin). BaFin officials argued that NFTs, which only design...
Federal Reserve Takes Bold Move to Protect Banks from Crypto with Enhanced Guidance and Supervision
In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, parti...
Banks with crypto services require new Anti-Money Laundering capabilities
The new year began with the news that notable Web3 entrepreneur Kevin Rose fell victim to a phishing scam in which he lost over $1 million worth of nonfungible tokens (NFTs). As mainstream financial ...
Regulator Warns Crypto Investors Against “Proof Of Reserve” Reports, Says Can’t Be Trusted
While the intervention of regulators in the crypto industry could sometime seem unnecessary or frightening, it is worth noting that not all regulators are villains, some are just keen on consumer prot...
Crypto Lawyer Calls Out US Senator Brown for Anti-Crypto Bias
Crypto lawyer described US asset regulators as anti-crypto thugs. Senator Brown blamed Silvergate Bank’s insolvency on crypto’s volatility. A crypto enthusiast argued Silvergate’s case was user deposi...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ – Bitcoin News
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously w...
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Ad Coinbase-owned Xapo bank announced its integration with the Bitcoin (BTC) Lightning Network on March 2, becoming the first fully-licensed bank integrated with the Lightning Network. This integratio...
Trezor crypto wallet’s move into the semiconductor business isn’t for everyone
Crypto wallet maker Trezor recently decided to start manufacturing its own hardware wallet chips to respond quickly to demand-triggering events like the FTX collapse. Trezor announced on Feb. 27 that ...
US Shall Embrace New Crypto Regulations; Testifies Coinbase Lawyer
Paul Grewal reiterated the need for a serious upgrade in the US crypto rules. He highlighted that the country should embrace new regulations to withhold its leading position in crypto. Grewal discusse...
CoinTracker Partners With H&R Block to Streamline Crypto Tax Filing Process
Partnership Eliminates Complexities of DIY Crypto Tax Filing, Helping Users Remain Tax Compliant SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracki...
ZachXBT bids adieu to crypto community requests
Ad In a recent tweet, on-chain detective ZachXBT said he “sincerely meant” he was ending community requests for help with crypto scams, adding that he’s done more than his fair share in rooting out th...
Crypto Friendly Bank Silvergate Shuts Down
Key Takeaways Silvergate Bank announced yesterday it would be voluntarily undergoing liquidation. The bank assured that all customer deposits would be fully repaid. Silvergate had previously informed ...
Silvergate crypto: will liquidate its asset
Silvergate Bank, a San Diego-based financial institution known for its crypto-friendly stance, has announced that it will “voluntarily liquidate” its assets and close operations. The announcement was ...