The U.S. Internal Revenue Service (IRS) has appointed Trish Turner as the new head of its digital assets division. Her promotion follows the sudden departure of Sulolit “Raj” Mukherjee and Seth Wilks, two private-sector experts who previously co-led the IRS crypto unit. Turner has worked at the IRS for over
The chief executive officer of Coinbase, Brian Armstrong has asserted that congress needs to progress the Stablecoin and market structure bills. He also hopes to pass the bill before August 2025. The CEO requested an immediate action from Congress through his recent post on the matter of progressing its Stablecoin
Binance has recently collaborated with the National Agency for Investments of Kyrgyzstan to enforce crypto payment infrastructure and introduce blockchain education programs. At the time of the inaugural meeting of the Council for Development of Digital Assets, conducted on May 4, the government of Kyrgyzstan assured that the strategic collaboration
In a significant development, the U.S. Securities and Exchange Commission (SEC) has moved to dismiss its long-standing unregistered securities lawsuit against cryptocurrency influencer and Token Metrics CEO Ian Balina. According to a joint stipulation filed on May 1 in a Texas federal court, the SEC requested that the case be
Goldman Sachs is stepping deeper into the crypto space, with plans to expand its services to include cryptocurrency trading, lending, and tokenisation. Mathew McDermott, Goldman Sachs’ global head of crypto, unveiled the company’s new digital asset strategy through a keynote speech at TOKEN2049, one of the most prominent crypto events.
Bitcoin has witnessed a slight decline of 0.15% on April 30 and is trading at $95,120. Before reaching this level, it traded at an intraday high of $95,485. In the last seven days, it is up 1.64% and 16.05% up in the duration of past month. The market capitalization stands
Eric Trump has issued a strong warning to banks during an interview in Dubai, saying they must adapt to crypto or vanish. The vice president of the Trump Organization said the traditional financial system is no longer efficient. He emphasized that banks must adjust to technological change or risk becoming
Eric Trump confirmed at a press briefing that the Trump Organization’s $1 billion real estate project in Dubai will officially accept cryptocurrency payments. Developed in partnership with London-listed Dar Global, the high-end tower will include residential units, a hotel, a clubhouse, and two Dh75 million ($20.4 million) penthouses. Set along
The Bank of Italy has sounded an alarm over the growing integration of cryptocurrencies into mainstream financial markets, cautioning that the trend poses a risk to global market stability, particularly under the pro-crypto policies of the Trump administration. The central bank, in its April Financial Stability Report, identified an increase
Trump Media and Technology Group is looking to amalgamate a crypto token and wallet into its video streaming site, Truth+. The Chief Executive Officer of Trump Media, Devin Nunes, wrote a letter to shareholders on April 29, mentioning that the firm is exploring the launch of a utility token within
