Commissioner Mark Uyeda calls SEC’s approach to crypto filings ‘problematic’

Terra's $40-billion experiment to create a functional "algorithmic stablecoin" project has failed drastically following its collapse in May. Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week.Dead stablecoin walkingTo recap, UST lost its U.S. dollar peg in May following mass withdrawals from Anchor Protocol, a lending and borrowing…

Subscription-based services have become so ubiquitous it’s hard to remember a time when they weren’t the norm. Streaming companies have sought to take advantage of that norm by fleecing consumers for everything they’re worth — just look at Netflix’s decision to start running advertisements. Another benefit of leveraging NFT technology is that streaming services can increasingly…

This campaign rally probably did not turn out quite as the candidate had envisioned it. Presidential candidate Brock Pierce was served for his connection to alleged securities fraud during his campaign rally in New York City earlier today. Source: Twitter.James Koutoulas, the lawyer leading this case, told Cointelegraph that Pierce was served legal documents in connection…

Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users. 72 Total views 1 Total shares Own this piece of history Collect this article as an NFTAs cryptocurrencies increasingly fall under the purview of global tax authorities, digital bank Revolut has integrated an automated tax reporting service for its users.The…

The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings. 814 Total views 6 Total shares Own this piece of history Collect this article as an NFTCrypto tax software provider CoinTracker is integrating its software…

The price of Bitcoin (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%.The daily chart of Bitcoin. Source: TradingView.comThree factors likely contributed to the abrupt drop of Bitcoin include miners, a strong dollar…

The Japanese House of Representatives has passed new crypto regulation in the upper house of the National Diet, local news agency Nikkei reports on May 21.The lower house has reportedly moved crypto-related amendments to the existing financial law to the House of Councillors at a recent plenary session.                 According to Nikkei, the amendments to two…

While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws. Own this piece of history Collect this article as an NFTA bi-partisan anti-money laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and DAOs will soon be…