US lawmakers cancel session to consider Caroline Crenshaw’s nomination

Switzerland plans to adopt global standards for crypto tax reporting, joining the Crypto-Asset Reporting Framework (CARF) to improve transparency.

The crypto industry has long been a testing ground for crowdfunding initiatives. Although previous models, such as the Initial Coin Offering (ICO) and Initial Exchange Offering (IEO) have attracted regulatory scrutiny (and occasional founders with questionable motives), some companies refuse to give up on the idea that crypto and crowdfunding are compatible.One such platform is…

The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry. 84 Total views 1 Total shares The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and…

A senior executive at blockchain payment network Ripple has publicly defended the company against fresh criticism of its associated cryptocurrency, XRP.In an ongoing Twitter debate, David Schwartz, Ripple’s chief technology officer, rebuffed a claim that XRP was designed as a revenue stream for the company.Schwartz: XRP does not make Ripple richerThe argument followed further tweets…

European police successfully busted a multi-million illegal online streaming business operating from Spain. 1840 Total views 17 Total shares In a recent investigation, European police busted a major illegal online streaming business that had reportedly been running for the past five years.Bloomberg reported that the police conducted 15 house searches, arresting 11 people and successfully…

Four members of the U.S. House Committee on Energy and Commerce said they were "deeply concerned" that Proof-of-Work mining could increase demand for fossil fuels. 63 Total views 27 Total shares Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms…

Robust property rights in the physical world are one of the key indicators of a wealthy economy — and that’s exactly what digital property rights enable in Web3, says Animoca's co-founder. 120 Total views 23 Total shares Yat Siu, co-founder of Hong Kong-based venture firm Animoca Brands has argued that on-chain digital property rights are the main…