The IRS Should Offer a Free Tax Reporting Tool to DeFi Users
The U.S. is weighing crypto tax rules, and many in the digital asset industry worry the government going too far. (Jesse Hamilton/CoinDesk.)
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Spot Ether ETF Applications Decisions Delayed by SEC
The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). One day earlier, the agency did the same regarding BlackRock's application for a similar vehicle.The SEC has traditionally opposed spot crypto ETF products, only allowing a flurry of spot bitcoin ETFs
Nomura Launching Benchmark for Japan’s Crypto Assets
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In the ‘Stablecoin Olympics,’ No Winner Will Take All
Dea Markova is a Managing Director and head of digital assets at Forefront Advisers.April was full of stablecoin politics, perpetuating the idea of a global race to tokenize cash. In my opinion, this is not a single race – it’s a competition across several disciplines. We should cheer for the right to compete freely rather…
Wallet Linked to Curve Founder Repays $1.3M to Aave Amid CRV Token Decline
A wallet linked to Curve Finance founder Michael Egorov today sent $1.3 million worth of tether (USDT) in a move that apparently eases concerns around the large debt taken by that wallet from lending protocol Aave.Egorov previously deposited $24 million worth of CRV tokens to Aave on Monday. However, bearish sentiment in the broader crypto…
Bitcoin Steady Over $52K;Traders Target $55K in Short-Term
Bitcoin remained steady, while ether gained over 5% as investors bet on an ETH ETF in the coming months.AI-related tokens zoomed in as the launch of OpenAI’s Sora sparked renewed hopes for the sector’s growth.Bitcoin (BTC) prices remained little changed over the weekend, hovering around the $52,000 level on relatively lower trading volumes compared to
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
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Crypto-Enabled VPN Provider Orchid Launches on Apple’s App Store
Orchid has launched its VPN application on Apple's app store. (Image: Orchid)Crypto-Enabled VPN Provider Orchid Launches on Apple’s App StoreDecentralized virtual private network (VPN) provider Orchid announced the launch of its VPN application on the Apple app store on Thursday. In an emailed press release, Orchid said users on its app would be able to…
What’s Wrong With PayPal’s Stablecoin?
Thanks to Ripple Labs’s landmark win against the U.S. Securities and Exchange Commission (SEC) in July 2023, the crypto industry’s general attitude has become noticeably rosier and newly optimistic. Even if the SEC has vowed to appeal the ruling.So to no one’s surprise, traditional financial (TradFi) institutions suddenly want a piece of the cryptocurrency pie