US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Changes made to the public Application Programming Interface (API) of major cryptocurrency exchange Binance seemingly reveal that the company has enabled margin trading for nine trading pairs.As Cointelegraph previously reported in March, the API had been updated to add two variables. The name of the first added variable is “isSpotTradingAllowed,” while the second is “isMarginTradingAllowed.”…

A tech unit at the European Commission has awarded millions of dollars to several blockchain projects in an effort to support the use of blockchains in socially beneficial ways.The European Innovation Council, or EIC, has awarded 5 million euro ($5.6 million) to six blockchain initiatives within its “Blockchains for Social Good” program.Announcing the news on…

Wednesday, July 17— The number one cryptocurrency Bitcoin (BTC) is seeing slight gains on the day as major altcoins (ETH) and Ripple (XRP) rally.Market visualization. Source: Coin360Bitcoin has been trending down this week. Bitcoin retook $13,000 on July 9 before sinking all the way down to under $10,000 by July 16. At press time, BTC…

Lule Demmissie, CEO of eToro, says that the new partnership with Twitter creates a symbiosis between social networks and social trading. The financial service provider eToro and Twitter recently announced a partnership, which allows users on the social network platform to trade cryptocurrencies and stocks. This development follows a statement made by former Twitter CEO Elon…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The DeFi ecosystem started 2023 on a bullish note, similar to the broader cryptocurrency market. However, the bullish start to the year didn’t diminish the damage caused by vulnerabilities and…

After a week of searches, it appears that the culprit behind at least two of the anomalous high fee transactions on Ether (ETH) was found.As reported by Chinese blockchain analytics company PeckShield on June 16, the originating address appears to be coming from Korean platform GoodCycle, a recently launched peer-to-peer exchange that provides “investment” opportunities…

Over the last few weeks, Bitcoin’s (BTC) second-layer scaling protocol, called the Lightning Network (LN), has gained a lot of traction, steadily proving to become a viable solution to BTC’s infamous scalability problem and even potential competitor to American payments giant Visa.Thanks to the community-driven Twitter experiment called “the Lightning Torch,” the LN has now…