Bitcoin’s new price targets of over $80K may not actually be the 'all-time high'
Bitcoin reached a new all-time high of $73,880 in USD terms earlier in 2024, but toppling it by 2025 does not take it above 2021’s inflation-adjusted value.
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Court orders Kraken to provide information on user transactions to the IRS
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS. 3776 Total views 29 Total shares Kraken has been ordered to provide information on its users to who conducted the equivalent of $20,000 in crypto transactions in any one year,…
SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph
As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to Cointelegraph’s readers, her positivity toward the future of cryptocurrencies has earned her the moniker “Crypto Mom.”Backdropped by recent efforts to update exemptions from security offering registration, as…
FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong
Hong Kong-based cryptocurrency exchange says the market turmoil from the FTX fallout is the final cause of ceasing operations following a year of winding down services. 462 Total views 5 Total shares In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency…
Data encryption a threat to fighting child sexual abuse, says DOJ
The department, along with other international agencies, alleged end-to-end encryption can create “severe risks to public safety.” 858 Total views 17 Total shares The U.S. Department of Justice has released an international statement claiming that end-to-end encryption “poses significant challenges to public safety,” including sexually exploited children. In an Oct. 11 statement from the DoJ, the…
PayPal de-platforms conservative domain registrar over ‘alternative currency’
Epik domain registrar claims the move is politically motivated to silence conservative voices. 388 Total views 8 Total shares PayPal has terminated its services to domain registrar Epik, allegedly due to a risk of money laundering through its “alternative currency” Masterbucks, according to an article on Mashable.However, in a series of open letters, Robert Davis,…
China’s digital yuan pilots have processed $300M so far, says PBoC head
China’s digital yuan pilot program is picking up speed. 2323 Total views 32 Total shares The governor of China’s central bank has given more details about the country's ongoing digital currency pilot. Yi Gang, governor of the People’s Bank of China, said that the digital yuan pilots have processed over four million transactions to date, totaling…
FTX wallet adds support for BUSD and BNB tokens on the Binance Smart Chain
FTX wallets now actively support withdrawals for Binance USD (BUSD) and BNB, both native to the Binance Chain and will soon enable users to make deposits via BSC BEP20 tokens. 520 Total views 80 Total shares In what seems like an ongoing streak towards market penetration, prominent crypto exchange FTX has launched support for BSC…
Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. 124 Total views 30 Total shares Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the…