The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed new tax regulations for the digital assets industry. The proposed regulations would require payment platforms, wallet providers, trading firms, and real estate brokers to file tax information on certain sales or exchange transactions. According to the Treasury Department, the proposed rules, […]
Gemini has recently unveiled a new feature that allows users to earn XRP cryptocurrency rewards when making routine credit card purchases. Gemini Credit Card holders can earn up to 3% in XRP rewards on dining, groceries (2%), and other transactions (1%). These rewards are deposited directly into the user’s account on the Gemini platform, with […]
Bitget Wallet, formerly known as BitKeep, is a decentralized multi-chain digital wallet that provides a comprehensive portfolio of services, including wallet functionality, an integrated swap feature, NFT Marketplace, DApp Browser, and Launchpad. It is a top-rated wallet on both Google Play and the iOS App Store globally and supports over 250,000 types of cryptocurrencies across […]
The U.S. Federal Bureau of Investigation (FBI) has warned crypto companies of $41 million in stolen Bitcoin (BTC) controlled by North Korean “TraderTraitor-affiliated actors” known as Lazarus and APT38.The FBI attributed the theft of 1,580 BTC from several crypto service providers in 2023 to Lazarus, and estimated the total losses to be nearly $200 million. […]
USD Coin, the world’s second-largest stablecoin by market capitalization, is set to launch on six new blockchains, including NEAR, Polkadot, and Base. This would make the stablecoin available on a total of 15 blockchains. The decision comes a day after Coinbase acquired a stake in USD Coin issuer Circle Internet Financial.The extension to the new […]
Tornado Cash, a crypto tumbler, is facing charges of money laundering and sanctions violations by its founders Roman Storm and Roman Semenov. The U.S. Attorney Damien Williams stated that the developers were aware of the illicit profits of at least $1 billion that were laundered through their technology. The Treasury Department’s Office of Foreign Asset […]
Coinbase, the American crypto giant, is in talks with some of Canada’s largest banking institutions in order to gain support for the local crypto ecosystem. This comes shortly after Coinbase announced its official entry into the Canadian crypto market.Lucan Matheson, Coinbase’s Director of Canadian Operations, is reportedly in talks with the tier-one banks in Canada, […]
The US government’s debt is rising at a historic rate, with $97.7 billion added to the national debt between August 16th and August 22nd, bringing the total to $32.759 trillion. Finance guru Larry Mcdonald has analyzed the US government’s spending over the last two decades, noting that since 2020, the US government has spent a […]
The Optimism Foundation and Base, a Coinbase-backed Layer 2 platform, have announced a proposal to share governance of OP Chains. Base will receive a grant of 118 million OP tokens spread over six years, in order to reward their contributions to scaling Ethereum and the OP Stack. The grant also ensures Base’s long-term commitment to […]
Sonik Coin is the latest meme coin sensation that is backed by a strong following in the crypto community. Its goal is to move early investors to profit at the speed of light, with a total supply of approximately 299.79 billion tokens. 50% of the tokens are dedicated to the presale, 40% for staking rewards, […]
