Australian Tax Office seeks data from 1.2 million crypto exchange users: Report

For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors.

Cryptocurrencies such as Bitcoin (BTC) are not real money, according to a statement published by the German federal parliament on Oct. 28.Not a payment vehicle, not a store of valuePer the announcement, the assets offered by the current cryptocurrency landscape — such as Bitcoin — provide only a very limited portion of the features expected…

According to a recent report, crypto enthusiasm in El Salvador lags behind despite the country's ongoing pro-crypto initiatives. In spite of the continuous efforts by the government of El Salvador to promote widespread cryptocurrency adoption within the nation, a recent CoinGecko report highlights the limited number of crypto owners in the country.Published on December 7

A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently enjoy from low-interest deposits.In an Oct 24 interview for the university,  Dean Witter Distinguished Professor of Finance Darrell Duffies said that one way or another, cryptocurrencies are likely to upend banks’ business model within the…

Tether Holdings Limited, the company behind the USDT stablecoin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves. Moore Cayman, an accounting network based in the Cayman Islands, reviewed Tether’s latest Consolidated Reserves Report, or CRR, and determined that the company met its reserve obligations for the period…

Bitcoin (BTC) starts a new week on shaky ground after its lowest weekly close in two years.The largest cryptocurrency, considerably weakened after last week’s implosion of exchange FTX, continues to grapple with the fallout.In what is becoming an increasingly erratic market, investors are unsure what will happen next as more firms sound the alarm over…

Cryptocurrency entrepreneur John McAfee says he will stop promoting individual coins to focus on his presidential bid — but already knows he will not win.In a series of tweets beginning on Dec. 14, McAfee, who has built a large following among crypto users, claimed that championing individual projects in the space took up too much…