The Layer One Joint Task Force (L1JTF) in the Terra Luna Classic (LUNC) community has returned 344 million LUNC tokens to the community pool as part of their efforts to revitalize the protocol. These unused funds from Q3 2023 will now be deployed into financing activities for subsequent quarters. Vinh Nguyen, the squad leader of […]
The IRS has proposed new reporting requirements for cryptocurrency users in response to the Infrastructure Investment and Jobs Act. Although the proposal is not as severe as initially feared, it still raises concerns about privacy and financial surveillance. The IRS’s approach focuses on whether businesses have the ability to collect customer information, rather than whether […]
The European Central Bank (ECB) has announced that it will be moving into the next phase of its digital euro project. This comes after a two-year investigation phase, and the preparation stage is set to begin on November 1 and last for two years. During this phase, the ECB will finalize the digital euro rulebook, […]
VeChain, a leading blockchain platform, has established significant partnerships with renowned companies to revolutionize its blockchain solutions and drive widespread adoption. These collaborations are reshaping various industries, with a particular focus on logistics and supply chain management. Notably, VeChain has joined forces with Kuehne & Nagel, a prominent player in the logistics sector, to leverage […]
Cryptocurrency advocacy group DeFi Education Fund (DEF) has filed an amicus brief to the U.S. Court of Appeals, urging the court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment. DEF is supporting James Harper’s appeal against the Internal Revenue Service (IRS) in a […]
Coinbase, a leading cryptocurrency exchange, has chosen Ireland as its hub for the European Union’s Markets in Crypto-Assets (MiCA) regulation. This decision will allow Coinbase to utilize its existing infrastructure and drive growth across all 27 member countries of the EU. By establishing a presence in Ireland, Coinbase aims to take advantage of the country’s […]
The Financial Crimes Enforcement Network (FinCEN), an agency at the U.S. Department of the Treasury, has issued an alert urging financial institutions to actively combat potential funding sources for Hamas. The agency highlights that Hamas, the Palestinian Islamist group, funded its recent attack on Israel through an illicit financial network involving both fiat and cryptocurrency […]
The Crypto Aid Israel collective has raised over $185,000 in less than two weeks and has already distributed aid to various humanitarian groups. The organization has conducted two rounds of aid distribution, providing around $50,000 to NGOs such as the Foundation for Advancing Citizens of Eshkol Regional Council and Zaka. These funds have been used […]
In a recent blog post, Coinbase, the largest US-based crypto exchange, has expressed its concern about the flourishing of cryptocurrencies in offshore jurisdictions. The company argues that allowing digital assets to thrive in areas not subject to US laws will only facilitate illicit activities by bad actors. Coinbase emphasizes its commitment to compliance and its […]
The United States Treasury Department is reportedly planning to expand its sanctions to designate cryptocurrency mixers as money-laundering hubs following Hamas’s attack on Israel. Deputy Treasury Secretary Wally Adeyemo stated that this move is aimed at combating digital assets being exploited by state-affiliated cyber actors, cyber criminals, and terrorist groups. The concerns surrounding terrorist organizations […]
