Court denies Kraken’s motion to dismiss SEC lawsuit
The SEC alleges Kraken is operating an unregistered securities exchange.
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A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation. In a press release on Nov. 11, the BIS confirmed Benoît Cœuré would begin chairing the Innovation Hub from January 15, 2020. BIS eyes impact of “critical trends”“The Hub's mandate is…
Crypto capital gains one of four key areas for Australian Tax Office
“Remember, you can’t offset your crypto losses against your salary and wages,” said ATO assistant commissioner Tim Loh. 447 Total views 8 Total shares The Australian Taxation Office (ATO) has outlined crypto capital gains as one of four key areas of focus in 2022. A capital gain or loss refers to the price difference between…
XRP Ledger onchain transactions drop 65.6% in Q2 2024
The decline in activity and the rise in transaction costs on the XRP Ledger are a significant shift compared to the previous quarter.
Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust.
Ethereum price risks a drop below $1K if these key price metrics turn bearish
Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network's migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past six years.Competing smart…
Satoshi milkshake experiment shows kids can HODL Bitcoin too
A Bitcoin (BTC) experiment on the Isle of Man involving the Lightning Network, 25 schoolchildren, and a promise of a milkshake has yielded interesting results. At Willaston School on the Isle of Man (a British Crown Dependency nestled between the United Kingdom and Ireland), 25 year-6 students, one teacher and one teaching assistant participated in the…
SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud
The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.
Privacy-Focused Coin Zcash Forks Into New Blockchain Network Ycash
Privacy-focused digital currency Zcash (ZEC) has forked into a new blockchain network dubbed Ycash, whose total supply amounts to 21 million coins.According to a tweet by the Ycash Foundation, the first block of Ycash was mined today, July 19, at 7:36:51 PM PDT. Ycash forked off Zcash blockchain at block height 570,000 and is independent…