Solana TVL hits near 1-year high — Will SOL price follow?
The total value locked on Solana has surged, but is this enough to send the SOL price to a new all-time high?
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Why Singapore is one of the most crypto-friendly countries
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.At the end of 2021 — a year in which Bitcoin (BTC) and Ether (ETH) rose 100% and…
UK Central Bank Deputy Governor Dave Ramsden: Crypto Is Not a Store of Value
Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview with CNBC published on April 30.Bank of England (BOE) deputy governor Ramsden noted that over a year ago, the U.K.’s Financial Policy Committee (FPC)…
Things to know (and fear) about new IRS crypto tax reporting
The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars. This reporting regime is projected to rake in an astounding $28 billion over the next ten years. No other provision in this massive recently enacted federal law…
Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer. The trading platform outlined the four areas in a…
Bitcoin bounces at $36.6K as Meta adds 20% losses to US tech stock rout
A bloodbath for tech stocks, oil and more rattles crypto, with Bitcoin managing to steady without significant casualties. 1261 Total views 7 Total shares Bitcoin (BTC) recovered above $37,000 on Feb. 3 after a stocks rout took the wind out of bulls' latest attempt to crack $40,000 resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Extraordinary moves"…
SEC Launches FinHub to Communicate With Industry, But What Does it Have to Say?
On October 18, the U.S. Securities and Exchange Commission (SEC) announced the launch of the agency’s Strategic Hub for Innovation and Financial Technology (FinHub). The new arm of the regulator will be focused on fintech-related fields, including, specifically, distributed ledger technology (DLT) and digital assets.What made the SEC create FinHub?The SEC, being an independent federal…
The Biggest Crypto Winners and Losers of 2019
Even though the cryptocurrency industry is not new to ups and downs, 2019 has turned out to be the year with the most surprising reveals. The long-lasting bear market of 2018 moved market analysts to call it the year of regulatory reckoning, leaving many jurisdictions uncertain about how to treat cryptocurrencies.However, 2019 also turned out…
John McAfee Back in Jail Hours After Release in Dominican Republic
Bitcoin (BTC) proponent and United States 2020 presidential candidate John McAfee reportedly reentered jail this week just a day after his release in the Dominican Republic.‘A record I think’Tweeting photographs of his confinement July 26, McAfee said he had been arrested a second time, but did not give details about the exact circumstances. The entrepreneur, his…