Crypto Exchange Coinbase Suspends Algorand Staking Rewards

feature The rise of new stablecoins was a defining story in the second half of 2018, but the reality is that exclusive discounts partly fueled their growth. Dollar-backed stablecoins are generally supposed to be worth $1, whether it’s Gemini’s GUSD or Paxos’ PAX. But according to four sources with knowledge of these cryptocurrency exchanges, both stablecoin-issuers…

Jun 30, 2020 at 21:30 UTCSpanish police arrested 33 suspects during their parallel drug raids. (Wikimedia commons)Spain’s National Police on Sunday arrested 33 people who allegedly sold illegal medications online and laundered at least part of their €3 million ($3.37 million) profit in virtual currency. The busts, conducted against two separate organizations, resulted in the…

news Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC). The messaging platform filed a response to the securities regulator Wednesday, writing that the SEC’s emergency injunction last week was unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Further, Telegram argued its upcoming gram…

Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Deribit, the world's largest crypto options exchange by…

Featured SpeakerDeep Dive: EthereumProtocol VillageAustin Convention CenterJoin an hour long exploration of the advancements defining the Ethereum community in 2023.Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.Featured SpeakerDeep Dive: EthereumProtocol VillageAustin Convention CenterJoin an hour long exploration of the advancements defining the Ethereum community in 2023.Binance announced Thursday that users who staked ether…

Crypto criminals will face life imprisonment in South Korea when new consumer protection rules take effect this July, the country's financial regulator said Wednesday.In December, the Financial Services Commission (FSC) proposed a consumer protection framework called the Virtual Asset User Protection Act. The rules take effect on July 19 and cover market manipulation, illegal trading

A cryptocurrency investor given rewards for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS).“The fair market value of the validation rewards received is included in the taxpayer's gross income…

feature The Takeaway: The IRS’ recent warning letters to 10,000 traders offer hints at what its forthcoming guidance on crypto taxes might say. While the letters are not guidance, the tea leaves indicate the IRS might be changing its required methods for calculating the value of crypto holdings and the forms and schedules for reporting…

news Cryptocurrencies seized by Belgian law enforcement from online drug dealers are to be put under the hammer by an Ireland-based auction house. Wilsons Auctions announced Monday that it has signed an agreement with the federal government of Belgium to hold an auction of the crypto funds with no reserve, including 104.99 each of bitcoin…