Biden Administration Unveils New Tax Proposal That Exempts Miners But Not Some DeFi Platforms
The Treasury Department published an almost 300-page proposed rule Friday as its response to the 2021 Infrastructure Investment and Jobs Act, which requires cryptocurrency brokers, including exchanges and payment processors to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service.
Ex-Alameda Engineer Shares SBF's 'Grand Plan' Including 'Building A Vaccine Factory' And 'Iterated Embryo Selection'
The former Alameda engineer stated that Bankman-Fried discussed "building a vaccine factory in the Bahamas to fix the invisible graveyard caused by slow FDA approvals."
DOGE Jumps As Elon Musk Shills Dogecoin But Rally Proves Short-Lived
Despite Musk's subtle attempt to shill Dogecoin, the price rally was brief, with the crypto asset's value plummeting to 80% in just an hour.
Binance Announces Suspension Of Crypto Debit Card Services In Latin America, Middle East
Unfortunately, Binance did not reveal the reason behind this development.
Coinbase To Delist Six Altcoins, Including Token From Controversial Multichain Platform
Coinbase announced this week that its recent reviews led to its decision to suspend the trading of six crypto assets on its platform, namely BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI) and Voyager (VGX).
BONE Surges At Double-Digit Pace As Kusama Confirms Good News About Shibarium
Kusama confirmed Shibarium was already producing blocks even if it wasn't live to the public yet.
Sam Bankman-Fried's Defense Plans To Blame Ex-FTX Lawyers For His Questionable Actions
Sam Bankman-Fried's current legal team plans to bring into the trial lawyers from Fenwick & West, as well as former FTX in-house lawyers Can Sun, Ryne Miller and Dan Friedberg.
Bitstamp Ends ETH Staking In US After Delisting 7 Altcoins
Bitstamp's latest announcement on the suspension of its ETH staking program came on the heels of its plan to suspend the trading of Solana, Polygon, and other tokens for its U.S. users.
1 Arrested As Feds Indict Tornado Cash Founders For Allegedly Helping N. Korea Launder Over $1B
Authorities charged Roman Storm and Roman Semenov with federal money laundering and sanctions violations. The FBI arrested Storm on Wednesday, while Semenov is still at large.
RFK Jr. Still Shills Bitcoin Despite Alleged Conflict Of Interest, Says BTC Guarantees Civil Liberty
While Kennedy Jr. is championing Bitcoin and seemingly advertising it as a beacon of light in a dark tunnel, many question his intention, particularly since he admitted last month that he owns approximately $250,000 in BTC.
Shiba Inu Beats Dogecoin As Shib Army Awaits Shibarium's Public Reopening
Kusama clarified that while Shibarium is already producing blocks, it is still being tested and the team is making sure to put necessary measures in place.
Robinhood Rumored To List Ripple's XRP By End Of 2023
While many are hyped about the rumor, some are skeptical of the possibility because of the ongoing case between Ripple Labs and the U.S. Securities and Exchange Commission.
SBF Pleads Not Guilty To New Indictment, Gets Court's Permission To Meet With Lawyers
Bankman-Fried's camp also claimed that the executive is being denied a vegan meal plan and is "literally now subsisting on bread and water."
WLD Slumps By Double Digits As Kenya Launches New Committee To Probe Worldcoin
The newly-formed committee is given "42 days to conduct the investigation before the members report back to the House.''
Race To Comply With Tighter KYC Rules Is Ending Anonymous Transactions In Crypto Exchanges
Bitget said users should "Ensure that you complete level 1 KYC verification as soon as possible, to prevent any potential restrictions in trading and other services."
ETH Plummets As Ethereum Founder Buterin Stirs Crypto Market With $1M Transfer To Coinbase
It is worth noting that on the day Buterin moved the assets, the Ethereum Foundation - the non-profit organization dedicated to supporting Ethereum and related technologies - also moved ETH worth $29.7 million to Coinbase.
SEC Orders Crypto Investment Firm Titan To Cease And Desist Over Misleading Performance Metrics
Titan is the first case for violating the SEC's amended marketing rule of December 2020 by putting misleading claims on its official website that were based on "hypothetical performance."
BONE Rejects Crypto Market Trend, Surges Amid Anticipation Of Shibarium Opening To Public Again
Kusama has asked the team to take the day off since they "will continue scaling and testing in anticipation of working with our new (yet old) friends on Monday, ahead of re-opening the chain to the public," seemingly hinting that Shibarium could be available to the public anytime this week.
SEC Granted Permission To Question Terra Co-Founder In Joint US-S. Korea Investigation
U.S. District Judge Jed Rakoff said last week that the SEC is legally entitled to utilize the process that was first introduced in the 1970 treaty to gather critical evidence from foreign countries.
WLD Crashes 70% As Records Reveal Worldcoin Ignored Kenya's Order To Stop Iris Scanning
The devastating price decline of WLD from its debut peak was sudden and sharp considering that it projected high expectations since it was backed by personalities like Sam Altman of OpenAI, the maker of ChatGPT.
SEC Finally Concedes Ripple's XRP Is A Non-Security Asset In Latest Court Filing
In its motion to appeal the Ripple victory ruling, the major Wall Street regulator told the court that it "does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value," acknowledging that digital assets are not inherently securities.
MicroStrategy's BTC Holdings Plummet in Value, Suffering A Loss Of Over $600M
MicroStrategy, which has been accumulating Bitcoin as part of its holdings since 2021, revealed earlier this month that it made the biggest BTC purchase in the second quarter of 2023.
Binance CEO Advises Elon Musk To Solve Bot And Spam Problems Before Deleting X's Block Feature
Elon Musk said users on X, formerly known as Twitter, will lose the ability to block followers and the feature will now only be available for direct messaging or DMs.
Shiba Ecosystem's Kusama Drops Update, Seemingly Hints At Shibarium Resuming Operation This Week
Kusama also said they wanted developers to be refreshed so they asked them to rest, perhaps to be prepared for the big week ahead.
Bankman-Fried Now Wants To Be Out Of Prison On Weekdays After Court Grants Medicine Request
The latest request from Bankman-Fried's camp followed Judge Kaplan's approval that he would be allowed access to his depression and ADHD medications.
Shibarium Block Production Resumes As Kusama Fights FUD With Solutions
Despite the measures taken by the team to make sure Shibarium will function as designed, the "MASSIVE influx of transactions and users" hampered the normal flow of the operation, following its launch Wednesday.
Shiba Ecosystem Executive Waves Red Flag On Shibarium Use, Encourages Users To DYOR
Shiba Inu's marketing strategist Lucie also informed the community that association with Shiba Inu or Shibarium does not guarantee that the project is legit or not a scam.
Europe Beats US In Bitcoin ETF Race, Now On Euronext Amsterdam
Following the approval of the GFSC in October 2021 and the delay of the planned launch last year, London-based Jacobi Asset Management announced the listing of Bitcoin ETF on the platform Euronext Amsterdam this week.
Coinbase's Base Attracts Malicious Actors As Several Projects Lose Millions In 24 Hours
This week, two crypto projects, RocketSwap and SwirlLend, lost more than $1 million to supposed attackers.
Dubai Regulator Penalizes 3AC Founders, Their New Business OPNX; Nearly $2.7M Fine Unpaid Since May
The Virtual Assets Regulatory Authority (VARA) fined OPNX 10,000,000 UAE dirhams ($2.7 million) and its executives 200,000 UAE dirhams (around $54,000) each for violations.
