In a letter sent to the United States Internal Revenue Service (IRS), blockchain development company Consensys asked for a postponement of the planned tax legislation. That would have exchanges and brokers report specific cryptocurrency sales. The letter stated: “We must echo our overarching concern … that certain aspects of the
In what would supposedly be the first of its kind in North America, digital asset manager 3iQ has applied to have its Solana exchange-traded product listed on the Toronto Stock Exchange (TSE) in Canada. Following an initial public offering, 3iQ informed X on June 20 that they had filed a
The founders of the crypto exchange Gemini, have contributed 30.94 BTC worth $2 million to Presidential candidate Donald Trump’s campaign. Winklevoss twins —Tyler and Cameron — are optimistic about Trump’s pro-crypto stance putting “an end to the Biden Administration’s war on crypto.” In his X post, Tyler Winklevoss criticized President
Ripple Labs, a subsidiary of Ripple, witnesses a securities case filed against the company in California. The new lawsuit targets Ripple CEO, Brad Garlinghouse alleging him of ‘misleading statements’ in a 2017 interview regarding XRP’s designation as a security. The cryptocurrency firm recently celebrated a partial win against the SEC
Providers of digital payment tokens (DPTs) pose serious threats to the integrity of the anti-money-laundering (AML) system, according to Singapore’s most recent Money Laundering National Risk Assessment (MLNRA). Not included in the 2014 report, this one’s 126 pages are packed with additional dangers. Providers of DPT services and traders of
The Indian rupee dived 0.2% to an all-time low of 83.6512 against the U.S. dollar, surpassing the early low of 83.5750 hit in April, according to the Bloomberg-compiled prices. The current low was amid continuous foreign fund outflows in the equity market and the strengthening of the greenback. This decline
The president of Argentina, Javier Milei, posted on X on Wednesday, June 19, to voice his support for Bitcoin and other cryptocurrencies in a free and competitive market. Milei has never before addressed Bitcoin in this context, despite his well-known support for the cryptocurrency. Following comments made by former VanEck
Jeremy Allaire, the founder of Circle Internet Financial Ltd, the firm behind USDC stablecoin, recently went on X to express his continued confidence for the future of cryptocurrency, especially stablecoins. He reiterated his heightened optimism over the ecosystem in his lengthy post. Allaire summarized the progress made by the cryptocurrency
After almost three years of divergence, inflation in the United Kingdom is again back on track with the BoE’s long-term goal of 2%. There was much conjecture that the Bank of England may decrease interest rates this year in response to falling UK inflation. Additionally, cryptocurrency usage in the UK
Hong Kong has drawn market attention in the past few months with its progress toward digital asset adoption. Currently, the impending agenda in the nation is the introduction of a licensing system for crypto-fiat exchanges. The CFO of OSL Group, a leading crypto exchange in the Chinese capital, discussed the
