Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups

IRS Commissioner says crypto gains are taxable in the cannabis industry as the IRS treats cryptocurrencies as property. 122 Total views 15 Total shares The Internal Revenue Service (IRS) continues to propose new tax reforms to regulate the crypto investments in the United States, with the latest notice sharing tax obligations for the marijuana industry.The…

Ran NeuNer, the host of CNBC's CryptoTrader show, has rescinded his earlier prediction that Bitcoin (BTC) will reach $50,000 by the end of 2018, in a tweet Thursday, Nov. 1.NeuNer’s original prediction post from Feb.1, 2018 stated: “For the record, I am pinning this tweet. Bitcoin will finish 2018 at $50 000.” In his tweet…

DAOs may be where all the action takes place, but the genesis of new Web3 communities popping up on the scene starts at the NFT. 94 Total views 1 Total shares Nonfungible tokens (NFTs) are giving Web3 communities the tools to transform user participation.The Web3 world has been watching NFTs grow up. These digital assets…

Stock and cryptocurrency trading platform Robinhood has withdrawn its bank charter application with the Office of the Comptroller of the Currency.As CNBC reported on Nov. 27, Robinhood voluntarily decided to withdraw its application with the regulator due to the challenges the company could face in receiving a charter. A spokesperson said that “Robinhood will continue…

United States Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce has argued in favor of self-regulation for cryptocurrency markets when possible. The commissioner made her remarks during a public talk together with former Commodity Futures Trading Commission (CFTC) chairman Gary Gensler at the MIT Bitcoin Expo 2019 on March 9.The context for Pierce’s comments…

Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, while holding and selling remains available until mid-September. Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country.Revolut is preparing to completely delist tokens…

Crypto exchange Bittrex is set to delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by Sept.14, after details of an $18 million hack of the BTG network in May emerged this week. How unexpected was this announcement coming from the exchange, and what are the chances for BTG now that it has found…

A group of U.S.-based blockchain and crypto companies have announced they will form the Blockchain Association, the “first” lobbying group representing the blockchain industry in Washington D.C., the Washington Post reported September 11.The Blockchain Association is comprised of industry leaders such as crypto exchange Coinbase, technology startup Protocol Labs, as well as the Digital Currency…