Treasury and IRS Proposal to Overhaul Cryptocurrency Tax Rules for 2025

The US government is proposing a new set of rules for the taxation of cryptocurrency transactions. The public has until October 30 to submit comments and there will be public hearings on November 7 and 8. The industry may be concerned about the treatment of decentralized exchanges, which could be subject to the reporting requirement […]

SEC Crackdown on Crypto Industry Allegedly Politically Motivated: Cardano Founder

The US Securities and Exchange Commission (SEC) has been known for its continued crackdown on the crypto industry over the last few years. Charles Hoskinson, the founder of Cardano, believes that the agency’s actions are politically motivated. He believes that the regulator is trying to save face in the wake of the fall of disgraced […]

“DJ Line-up Announced for TOKEN2049’s Official Closing Event at Singapore’s Marina Bay Sands”

TOKEN2049, Asia’s premier Web3 and crypto conference, has announced an international DJ line-up for AFTER 2049, the official closing event of its upcoming Singapore edition. The event will take place on Friday, 15 September at the 57th floor of Singapore’s iconic Marina Bay Sands building.Headlined by award-winning DJ and producer Shimza, house icon Enzo Siffredi […]

P2P Bitcoin Marketplaces: Becoming Permissionless and Unstoppable for a Brighter Future

P2P Bitcoin marketplaces are an important way for users to move money across borders, but their future depends on becoming unstoppable and permissionless, according to Paxful’s Ray Youssef. Youssef, alongside Nicolas Gregory and Antoine Riard, is developing CivKit, a P2P marketplace that will use the technology of Nostr and the Lightning network to power a […]

US DOJ Arrests Co-Founder of Cryptocurrency Mixing Service Tornado Cash, Releases on Bail

Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash, was arrested on money-laundering and other charges on Aug. 23. However, his lawyer Brian Klein announced that Storm was released on bail soon after his detainment. Klein expressed his disappointment with the prosecutors for charging Storm simply for developing software, noting that this could […]

Airwallex Partners with YEEID and American Express to Expand Fintech and Payments Ecosystem

Airwallex, a Ripple collaborator, has made a groundbreaking expansion into the fintech and payments ecosystem with a partnership with YEEID. As part of the plans to continue expanding, it recently announced another partnership with American Express. YEEId has sought to enable businesses of all sizes to incorporate its payment acceptance technology. The company was co-founded […]

Binance Labs Invests in DeFi Protocol Pendle Finance to Drive Next-Gen DeFi Movement

Binance Labs, the venture capital arm and incubation subsidiary of crypto exchange Binance, has announced its investment into leading DeFi protocol Pendle Finance. The investment is part of Binance Labs’ commitment to supporting the next-gen DeFi projects.Pendle Finance is a decentralized yield trading protocol that provides users with the opportunity to generate substantial yields on […]

Binance P2P Exchange Facilitates Transactions Through Sanctioned Banks Despite Denial

Binance, a peer-to-peer cryptocurrency exchange in Russia, has been accused of continuing to facilitate transactions through sanctioned banks like Rosbank, despite denying any relationships with banks. The exchange has renamed some of its payment options for withdrawals and deposits, such as Tinkoff and Rosbank, to terms like “Yellow” and “Green” cards. Binance P2P currently offers […]

Cardano (ADA) Committed to Regulatory Compliance and User Security

Cardano (ADA) is a cryptocurrency project that is dedicated to creating a secure and transparent platform that benefits investors and users. Its founder, Charles Hoskinson, believes that the United States Securities and Exchange Commission (SEC) will not target ADA, and that the SEC’s recent legal actions against prominent cryptocurrency exchanges are driven by political motives.Hoskinson […]

Bitstamp Halts Ethereum Staking Services in US Amid Regulatory Uncertainty

Bitstamp, a prominent cryptocurrency exchange, has announced that it will be terminating Ethereum (ETH) staking services for its US customers due to regulatory challenges in the US cryptocurrency landscape. Users have until September 25 to continue earning rewards on their staked Ethereum assets, after which the tokens will be automatically unstaked and returned to their […]