Crypto Asset Classification: CFTC Chair vs. Former Commissioner
On crypto classification, ex-CFTC Commissioner Dan Berkowitz speaks on cryptocurrency community Asset Status. Gary Gensler, chairman of the Securities and Exchange Commission, believes all are securities with investment contracts. Using Ethereum as an example, he stated there is a “special case” where something can be both. “It can be a commodity under the CEA [Commodity […]
Ripple Acquires Pantera’s Stake in Bitstamp
Ripple has bought a small portion of a cryptocurrency exchange based in Europe, Bitstamp owned by Pantera Capital. The previous owner of this portion was Pantera Capital, an American company that invests in cryptocurrency assets. In their recent report, Galaxy Digital Holdings, another cryptocurrency company, suggested that Pantera Capital sell its shares in Bitstamp to […]
Crypto Taxes 101: A Guide To Filing Your Cryptocurrency Taxes
Given the rapid increase in value and prevalence of cryptocurrencies, it’s essential to grasp the tax consequences of trading in crypto. With our guide to filing your cryptocurrency taxes, you’ll know what to do when filing your cryptocurrency taxes. This article will help you understand your tax responsibilities and how to record your crypto transactions […]
The Role Of Cryptocurrency In Developing Countries
Cryptocurrencies have the potential to spur sustainable development, empower individuals, and alter the socioeconomic climate in developing nations with careful design and implementation. What is a Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography to protect transactions. Cryptocurrencies don’t have tangible counterparts like coins or banknotes because they only exist in digital […]
Crypto Project Fintoch Exits with $31.6M in Alleged Scam
ZachXBT, an on-chain detective, reports that a crypto project called Fintoch, which purported to be backed by investment banking firm Morgan Stanley, appears to have fled with nearly $32 million of its users’ funds. In a thread, the crypto investigator illustrated the movement of the funds with a diagram. The chain-of-custody detective asserted that the […]