Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
The bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury writes a report.
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Research: Binance and Huobi Received Over 52% of Total $2.8B Illicit BTC in 2019
Binance and Huobi have together received over 52% of total $2.8 billion illicit Bitcoin (BTC) transfers in 2019, according to a new report.Chainalysis’ findingsOver the course of 2019, criminal entities moved a total of $2.8 billion in Bitcoin to cryptocurrency exchanges, according to a Jan. 15 study from Chainalysis.According to the New York-based firm, Binance…
New Zealand introduces OECD crypto reporting framework in new tax bill
Crypto service providers who fail to take “reasonable care” to comply with the requirements could be fined between 20,000 and 100,000 New Zealand dollars ($12,000 and $62,000).
Miami mayor plans to accept first paycheck entirely in Bitcoin
The mayor said he preferred to use an app like Bitwage or Strike rather than having the local government concert his fiat paycheck into crypto. 116 Total views 65 Total shares Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take the next paycheck in Bitcoin.In a…
Base hits 4M active addresses amid ‘Onchain Summer’ campaign
Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year.
Brazilian authorities investigate Binance for guiding clients past stop order: Report
The Brazilian SEC has reportedly turned over screenshots from Binance's Brazilian website with instructions for evading a stop placed on futures trading on the site. Own this piece of history Collect this article as an NFTBinance is under investigation in Brazil by the Federal Prosecutor’s Office and Federal Police, according to a report in Valor…
Coinbase, PayPal join TaxBit Network for free crypto tax forms
TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms. 429 Total views 41 Total shares Crypto tax compliance firm TaxBit is working to unite major industry companies like Coinbase and Binance.US within one network to enable free 2021 tax forms for users.The crypto tax software provider…
Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t
Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms. Cuba has felt a severe…
Bitcoin still lacks this on-chain signal for BTC bull market — David Puell
Bitcoin network activity is "underwhelming," the famous analyst says, as further data reaffirms a textbook BTC price bottom in progress. 860 Total views 19 Total shares Own this piece of crypto history Collect this article as NFTBitcoin (BTC) only needs one more key on-chain signal for a classic bull market to begin, analyst David Puell…