Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators.
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Web3 usernames may see greater adoption due to recent advancements
Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum (ETH) users can now send crypto to the network’s founder, Vitalik Buterin,…

Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot
For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue.One of the most remarkable crypto companies operating today is Binance. In only three…

Crypto News From the Spanish-Speaking World: Week in Review
This week was an important one for crypto adoption in the Spanish-speaking world, with reports of a government ministry working on a token in an Argentinian province and a Venezuelan state airline accepting the country’s controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español.Spain’s…

Tornado Cash dev Alex Pertsev set to be released from prison under surveillance
The Tornado Cash developer was arrested in August 2022 by Dutch authorities as part of a criminal investigation against the crypto mixer service.

Binance Reportedly Trades Crypto in China Despite Ban, Says It Runs ‘Test Site’
Top crypto exchange, Binance, seems to be providing trading services for mainland Chinese customers despite the local ban, a report published yesterday by China National Radio, or CNR, alleges.According to CNR, Binance CEO Changpeng Zhao, also known as CZ, has been promoting a website called “binancezh.com” on his Weibo page.Originally founded in China a few…

Bearish pennant breakdown confirmed? 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What's next?Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery.The weekend produced little by way of a paradigm shift, and now, downside…

South Korea confirms North Korea behind $50M Upbit hack
South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion.

Bitcoin avg transaction fee rises 937.7% in 24 hours
Bitcoin transaction fees surged nearly 940% on Aug. 22, reflecting heightened network demand and pressure on users.