Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators.
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Ripple’s Xpring Acquires Payment Platform Logos Network to Pursue DeFi
Ripple, the San Francisco-based startup behind the third-largest asset on the crypto market, XRP, has acquired payments platform Logos Network to develop decentralized financial (DeFi) products.Per a Sept. 27 blog post, Ripple’s Xpring initiative, the company’s investment arm, has onboarded Logos Network. Logos Network is a distributed ledger-based payment platform that focuses on speed and…
Swedish gov’t pays out $1.5M in Bitcoin to convicted drug dealer
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction. 2628 Total views 13 Total shares The Swedish government has found itself in the unforeseen situation of paying out around $1.5 million worth of…
Crypto firms could face 2 years jail for breaching UK advertising laws
Crypto firms in the United Kingdom could face some harsh punishments under the FCA's proposed financial promotions regime. 45 Total views 1 Total shares Own this piece of history Collect this article as an NFTNewly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of…
Coinbase sued over Dogecoin Sweepstake ad Campaign
Plaintiff alleges “deceptive ad campaign” cost Coinbase users millions of dollars. 1245 Total views 2 Total shares A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign.In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE)…
Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys
Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed.As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina. Argentina: central bank accidentally increases Bitcoin popularityVenezuela Localbitcoins…
Circle weighs in on SEC vs. Binance case, argues stablecoins are not securities
Circle noted that assets pegged to USD are not securities, partly because users are not expecting any profit from acquiring them. 176 Total views 4 Total shares In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities
DeData 2022: The advantages of decentralization in Web3
Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel that discussed what decentralization brings to Web3 at DeData 2022. 110 Total views 23 Total shares With the convenience of centralization seemingly threatening the original crypto vision, decentralization will still help escape a potential dystopian future, according to a panel discussion at the DeData Salon 2022 conference held…
Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi
The service would allow users to bridge assets from any blockchain to BNB Chain. 751 Total views 18 Total shares On Tuesday, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including tokens not listed on the Binance app, to the BNB Chain.…