Senate votes down infrastructure law on crypto tax regulation
The Senate has unanimously rejected a bill to change elements in the $ 1 trillion tax code to exclude certain customers. So have a look at our most recent information about cryptocurrency regulation. Senate has rejected a crypto-industry-backed amendment that exempts crypto operators from reporting $ 1,000 billion in crypto taxes if they do not […]
‘Crypto Mom’ Hester Peirce blasts SEC for $10m Poloniex settlement
Hester Peirce, has lambasted the SEC’s $10 million settlement with Poloniex, questioning the opaque restrictions that crypto companies in the United States must navigate. Commissioner Hester Peirce, also known as “Crypto Mom ,” has lambasted the United States government. The Securities and Exchange Commission (SEC) has awarded Poloniex a $10 million settlement following a legal […]
‘Mr. ‘Wonderful’ Shills Ethereum as ‘Ultra-Sound Money’ Following EIP-1559
Ethereum is being swarmed by sharks. Earlier this year, Kevin O’Leary, the Canadian investor best known for his position as “Mr. Wonderful ” on the reality competition show “Shark Tank,” announced that he was changing his mind about cryptocurrencies. After the network’s London upgrade, which began putting deflationary pressure on ETH’s price last week, he’s […]
Bank of Korea: Crypto will be used as an investment tool
With bitcoin (BTC) and altcoins set to “replace legal currencies” in the future, South Korea’s central bank, the Bank of Korea (BOK), has issued a surprisingly crypto-friendly assessment. There were also some encouraging remarks for stablecoin developers and enthusiasts of decentralised finance (DeFi). On August 8, the BOK issued a paper titled “The Possibility of […]
MicroStrategy and Bitcoin mining stocks rise, as the price of Bitcoin rises
In the last three months, the value of MARA, RIOT, MicroStrategy (MSTR), and other publicly traded Bitcoin-related companies has roughly tripled. The price of Bitcoin (BTC) has risen to a three-month high of $46,293 as bulls confirmed their intention to seize complete control of the market. While crypto traders may be back in the black […]