FBI token: How the FBI used a fake AI fund coin to nab fraudsters
The FBI’s ‘NexFundAI’ coin was used to catch alleged market manipulators, but the crypto community may have confused it with another coin.
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Indonesia: New Legislation Recognizes Crypto as Trading Commodity
Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15.Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency a commodity future legally tradable on stock exchanges last June. The agency then stated that the Indonesian government…
Congress lacking crypto education will lead to ‘bad laws’ — Coinbase CSO
Phillip Martin told Cointelegraph that Coinbase has focused on educating lawmakers on crypto as they “make much better decisions” on regulation.
Ethereum, Dogecoin Signal First Bullish Trend Reversal in 2 Years
When the Binance ban for users in the United States was first announced a few months ago, the market feared that significant volume and money would exit. Interestingly enough, as the launch of Binance America nears, altcoins are suddenly starting to move upwards with decent volume. Sell the rumor, buy the news.Cryptocurrency market 7-day performance. Source:…
Japan’s Financial Watchdog Seeks to Regulate Unregistered Crypto Investment Firms
Japan's Financial Services Agency (FSA) is considering the regulation of unregistered firms that solicit investments in cryptocurrencies, Cointelegraph Japan reports on Jan. 8.The development is reportedly a bid to close a loophole in the country’s existing regulatory framework, in which unregistered firms that collect funds in crypto rather than fiat currencies remain in a gray…
China’s blockchain project BSN to pilot global CBDC system in 2021
China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN. 1722 Total views 12 Total shares The Chinese national blockchain project, the Blockchain Service Network, is planning to pilot integration with global central bank digital currencies.According to a Jan. 15 blog post, the…
IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions
The like-kind exchange tax exemption is not applicable to cryptocurrency transactions, according to the United States Internal Revenue Service (IRS). An official at the IRS Office said that U.S. taxpayers have never been authorized to postpone paying tax as part of the like-kind exchange principle even before the 2017 tax overhaul, Bloomberg Tax reports Nov. 13.Suzanne…
Metaverse pioneer and movie VFX team unite for blockchain project
Wētā Workshop is known for its special effects work on movies like The Lord of the Rings and The Hobbit.
Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit
Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today’s sell-off. When will the dip buyers show up?