U.S. Lawmakers continue to advance digital asset regulations as the Senate moves closer to introducing dedicated cryptocurrency tax legislation. Senator Steve Daines revealed that Republican senators had already developed the framework. During an interview with Bloomberg Tax, Sen. Steve Daines said, “sooner rather than later”. He also said, “We’ve put
U.S. President Donald Trump issued executive orders to improve America’s preparedness for quantum computing advancements in the future. These orders set up strict timelines for federal agencies to upgrade their cryptographic technologies to quantum-resistant technologies. By virtue of Executive Order 14409, the federal agencies will need to enhance certain important
US authorities unsealed the indictment against Jonathan Spalletta, accusing him of carrying out two hacking operations targeting Uranium Finance during April 2021. According to authorities, the defendant exploited weaknesses in smart contracts to steal millions, leading to the shutdown of the decentralized exchange’s operations. US Attorney Jay Clayton said, “Stealing
The United States Department of the Treasury sanctioned a network linked to North Korean IT workers. They were running cryptocurrency fraud schemes across the world. Reports indicate that the operatives secretly acquired remote IT jobs. Then, they redirected their earnings to the North Korean government through these networks. Investigators believe
U.S. prosecutors are seeking a retrial for Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash. This comes after a federal jury issued a mixed verdict in the previous trial. The case has received considerable attention in the cryptocurrency industry because it has the potential to set the
U.S. President Donald Trump said that the war between his country and Iran may come to an end soon. This cites that the military operations are progressing faster than expected. The President made these remarks during a phone interview with Weija Jiang, CBS White House Correspondent. In which he was
The United States Department of the Treasury is looking at artificial intelligence technology to help prevent cryptocurrency fraud in digital markets. The officials pointed to increasing financial losses due to cryptocurrency scams. The victims of cryptocurrency fraud reported financial losses of over nine billion dollars in cryptocurrency fraud in the
The former president of the United States, Donald Trump, urged lawmakers to enact the U.S. Clarity Act, which links the economic prowess of the country with clear crypto rules. In a speech to lawmakers and industry representatives, Trump urged them to enact the Clarity Act to bring clarity to crypto
According to a British magazine, Times Higher Education, Ben Delo, a former BitMEX co-founder, made a significant pledge to the London Institute for Mathematical Sciences (LIMS), a private research body in London.The former BitMEX co-founder has already donated £10 million to Lims. This aims to raise a further £20 million
A move by US Senate Democrats and Republicans to pass a wide-ranging housing bill. They added a new section that prohibits the Federal Reserve from launching a retail central bank digital currency, or CBDC. The section of the bill would prevent the Fed from launching a digital version of the
