Jimmy Song, a prominent figure in the Bitcoin community, recently discussed various topics related to Bitcoin during the Bitcoin Conference 2023 in Amsterdam. He highlighted the skepticism surrounding government measures taken during the COVID-19 pandemic, such as the printing of fiat money, which has resulted in inflation. Song emphasized the importance of Bitcoin as an […]
Pro-XRP legal expert John Deaton has criticized the US Securities and Exchange Commission (SEC) for its lack of credibility. Deaton disagreed with the SEC’s statement that it is the best source of information about itself, citing the Commission’s confirmation bias and self-serving statements. He suggested that the SEC’s decision-making may be influenced by its own […]
Binance’s Chief Marketing Officer (CMO) recently praised the ability of cryptocurrencies to give people control over their finances. However, the CMO also expressed concerns about the state of public trust in the crypto industry. Binance, one of the largest cryptocurrency exchanges in the United States, is facing the challenge of navigating growth, building trust, and […]
Ethereum co-founder Vitalik Buterin has denied recent reports suggesting that he has been selling Ethereum (ETH) and other cryptocurrencies for personal gain. In a statement, Buterin clarified that the recent transfers from his wallets were primarily donations made to charitable organizations and projects. He emphasized that he hasn’t sold ETH for personal gain since 2018. […]
The Council of the European Union has officially adopted the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule. This regulation, which follows the enactment of the Markets in Crypto-Assets (MiCA) legislation, will come into force once it is published in the Official Journal of the EU. DAC8 aims to […]
The European Union (EU) has implemented a new directive aimed at enhancing collaboration among member states regarding the sharing of tax data related to cryptocurrencies. This move is intended to strengthen the existing norms surrounding crypto taxation and improve cooperation between national tax authorities. The directive seeks to address the challenges posed by the decentralized […]
Reddit has decided to end its Community Points initiative, which rewarded high-quality posters with Ethereum-based tokens. The website cited a lack of scalability and high costs as the reasons for discontinuing the program. The decision will only affect a few subreddits, as the original plan to put all Reddit users on the blockchain was deemed […]
Coinbase, a leading cryptocurrency exchange, has reaffirmed its commitment to combatting the illicit use of cryptocurrencies. The company has implemented a robust compliance program that includes Know Your Customer (KYC) checks and thorough sanctions screening. Coinbase also collaborates closely with law enforcement agencies to track and prevent terrorist financing. The exchange advocates for clear regulations […]
Public sentiment towards cryptocurrency in Hong Kong has declined following the JPEX crypto exchange scandal, according to a survey conducted by The Hong Kong University of Science and Technology’s business school. The survey aimed to understand the impact of the scandal on public attitudes towards virtual assets. The initial findings revealed that 41% of respondents […]
In a major breakthrough, the perpetrator behind the infamous Silk Road Bitcoin heist has been unmasked nearly a decade after the crime took place. The theft, which occurred in 2012, involved the stealing of 50,000 Bitcoin from the illicit dark web marketplace. Over the years, the value of the stolen Bitcoin skyrocketed to $3 billion, […]
