Bank of Canada says no to retail CBDC in reshuffling of priorities
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
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Bitcoin Inches to $6,000 While US Stocks Drop
Tuesday, May 7 — following some moderate losses yesterday, the crypto markets have rallied to break new 2019 highs today, with bitcoin (BTC) inching close to $6,000.All the top 20 coins by market cap are solidly in green at press time, with ether (ETH) and tezos (XTZ) seeing the biggest gains over the past 24…
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Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K
A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange's futures opened on Monday, June 14 with a gap of $1,575, the first since May 17.In retrospect, the downside risks heightened due to Bitcoin's recent bearish pullbacks near the $40,000-level. Atop that, the said CME gap formed between Friday's close of…
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US Rapper T.I. Sued for $5 Million After His Token Allegedly Fails
U.S. rapper T.I., also known as T.I.P., is being sued for $5 million by a group of people after his FLiK token has reportedly failed, according to court documents obtained by U.S. celebrity news media The Blast.As per the lawsuit cited by the outlet, the group of 25 persons claims that they have invested $1.3…
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US lawmakers urge IRS to implement crypto tax reporting requirements before 2026
The crypto tax reporting requirements proposed by the IRS in August are currently scheduled to go into effect in 2026 — according to 7 senators, that isn't soon enough. 206 Total views 6 Total shares Seven members of the United States Senate have called on the Treasury Department and Internal Revenue Service (IRS) to advance
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Grumpy Cat meme coin raises $70K for animal shelters
A Grumpy Cat NFT fetched more than $80,000 while the Grumpy Cat coin community raised more than $70,000 for an animal shelter. 2129 Total views 49 Total shares The community behind meme cryptocurrency Grumpy Cat Coin, or GRUMPY, has donated 39 ETH worth almost $70,000 to the Sterling Animal Shelter in Massachusetts. (Owing to the…
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CoinList agrees to $1.2M settlement over apparent US sanctions violations
The crypto exchange processed 989 transactions for users in Crimea from April 2020 to May 2022, according to the Office of Foreign Assets Control. CoinList, a United States-based cryptocurrency exchange, has agreed to a $1.2 million settlement with Treasury’s Office of Foreign Assets Control (OFAC) following allegations the firm facilitated transactions in apparent sanctions violations.In
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No apology can 'undo the damage' Gary Gensler has caused: Tyler Winklevoss
"Let's be clear on one thing. Gary Gensler is evil," Tyler Winklevoss said in a detailed thread about the SEC chair amid resignation rumors.
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US military partner Constellation opens Hypergraph network to app developers
The “Layer 0” network was created in collaboration with the United States Department of Defense and is now open for commercial Web3 applications.