US lawmakers are calling on the Department of Justice (DOJ) to take action against major cryptocurrency companies Binance and Tether. They allege that these companies have facilitated illicit financial activities, including funding for the terrorist group Hamas. Senator Cynthia Lummis and Representative French Hill have sent a letter to Attorney General Merrick Garland, citing media […]
Circle, a stablecoin issuer, has formed a strategic partnership with BitoGroup and Taiwan FamilyMart, the second-largest convenience store chain in Taiwan. The collaboration aims to enhance the value of loyalty points and facilitate entry into the digital economy for the Taiwanese market. Through the Taiwan FamilyMart App and the BitoPro Exchange, customers can now convert […]
Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has expressed his strong stance on cryptocurrencies, emphasizing that most digital assets should be classified as securities. This indicates that the SEC will be increasing its scrutiny and regulation of the crypto industry. Gensler’s remarks highlight the growing concerns surrounding the lack of […]
Earlier this week, the price of Bitcoin (BTC) surpassed $35,000, reaching a level not seen in 17 years. Experts believe that the rally was driven by the anticipation of the Securities and Exchange Commission (SEC) approving a Bitcoin Exchange-Traded Fund (ETF) in the near future. However, BitMEX exchange Co-Founder Arthur Hayes has a different perspective. […]
Mastercard has formed partnerships with MetaMask and Ledger, two self-custody crypto wallet providers, to enhance the utility of cryptocurrencies for users. This collaboration aims to simplify the process of spending cryptocurrency balances on a daily basis. By joining forces with these trusted partners, Mastercard is taking steps to establish a transparent and trustworthy ecosystem within […]
Tom Emmer, a vocal advocate for cryptocurrencies, has been nominated by Republican members as their nominee for the position of Speaker in the U.S. House of Representatives. This nomination reflects the growing interest in cryptocurrency-related issues within the Republican party. The Speaker’s seat has been vacant since October 3, leading to the removal of Representative […]
The Central Bank of Spain has joined other European banking institutions in promoting the benefits of the “digital euro.” In a recent publication, the Bank of Spain explained the potential uses of the European Union’s central bank digital currency (CBDC). The bank argues that physical cash limits the advantages of digitalization in the economy and […]
The United States Internal Revenue Service (IRS) has extended the comment period for proposed crypto tax reporting rules. The public consultation will now last until November 13th. The proposed regulations, titled “Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions,” aim to streamline tax submissions and […]
Republican members of the United States House of Representatives have selected Tom Emmer as their nominee for the next Speaker. This decision comes after previous candidates, Jim Jordan and Steve Scalise, were unable to secure enough votes. The Speaker seat has been vacant since October 3, when Kevin McCarthy was removed from the position. In […]
Israel’s “Iron Dome” air defense system has protected the country from air attacks, but recently, Hamas fired over 2,000 rockets into Israel from the Gaza Strip. The financing behind this attack has raised questions, and it has been revealed that terror groups, including Hamas, Palestinian Islamic Jihad (PIJ), and Hezbollah, have received significant cryptocurrency funding. […]
