Detroit To Accept Tax Payments In Crypto
By mid-2025, Detroit will let residents pay taxes with cryptocurrency, supporting its tech and growth goals. City officials announced on Thursday that residents in Detroit will soon be able to settle their tax payments using cryptocurrencies, making it the largest city in the United States. Because of this action, Detroit will become the largest city […]
Pakistan Proposes Amendments to Legalize Cryptocurrency
The State Bank of Pakistan has established a legislative framework to acknowledge digital assets, such as cryptocurrencies, as legitimate forms of money. The initiative, if accepted, would enable the SBP to launch a digital currency, which could eventually lead to Pakistan’s central bank issuing a digital currency. According to the Tribune, the SBP suggested changes […]
UK FCA Defends Tough Crypto Stance
The UK’s Financial Conduct Authority (FCA) defended its strict cryptocurrency regulations, emphasizing the need for high standards to protect consumers and ensure market integrity. After receiving criticism that its regulations are “too tough” and run the risk of inhibiting innovation, the Financial Conduct Authority (FCA) of the United Kingdom defended its approach to regulating the […]
Dogecoin Whale Accumulates 155M DOGE
A Dogecoin whale accumulated 155.11 million DOGE, boosting optimism and speculation about the coin’s potential during its bull run. A Dogecoin whale has recently made a highly bullish move, once again capturing the attention of players in the cryptocurrency market worldwide. When on-chain data revealed that a whale had amassed an astounding 155 million DOGE, […]
CFTC Presses for Clear Laws on Crypto, Election Bets
Rostin Behnam, chair of the CFTC, urged Congress to regulate cryptocurrencies and predictive election betting at the SIFMA conference. Rostin Behnam, who serves as the chair of the Commodity Futures Trading Commission, recently brought attention to the problem of Congress’s lack of action on regulating cryptocurrencies and betting on predicting election outcomes. During the SIFMA […]