Bipartisan legislation being proposed would make small crypto transactions exempt from capital gains taxes in the U.S. This could help cryptocurrencies better perform their namesake task.
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Tether has created a stablecoin pegged to the British pound. It will be available to buy from early July and is the fifth token linked to a fiat currency that the company has released.
Ukraine has just sold a donated CryptoPunks NFT for a huge 90 ETH - about $100,000 at the time of sale. The country will use the proceeds to buy more equipment for its war effort to repel Russia.
A new paper appears to show that the Bitcoin network while requiring a lot of power, is more energy-efficient than the existing electronic payment system used to send money between banks.
Industry insiders have warned that smaller cryptocurrencies face collapse amid the wider economic woes taking place. Some think this will be good as many junk projects will be removed from play.
The UK Treasury has outlined plans to regulate the stablecoin market to help better protect consumers. It could protect investors if other stablecoins collapse like TerraUSD did this month.
Fabio Panetta, an ECB board member, has said that work on the digital euro could tentatively start by the end of 2023. It could then be available to the public after about three years of work.
The UK government has announced that it's planning to regulate stablecoins. This would ensure that they're reliable and safe. It's also seeking to improve the tax system for cryptoassets.
A European Union Parliament committee has decided not to ban proof-of-work cryptocurrencies in the bloc. Such a ban would have affected the most popular cryptos including Bitcoin and Ethereum.
The UK's Financial Conduct Authority is clamping down on Bitcoin ATMs because they do not implement Know Your Customer (KYC) measures. Those who don't comply will face further action.
Cryptocurrencies are being used to facilitate the transfer of millions of dollars in aid to Ukraine. The firm Elliptic said that over $16.7 million has been sent to the Ukrainian government and NGOs.
Cryptocurrencies including Bitcoin saw a sharp drop in their prices today following Russia's invasion of Ukraine. The decline in prices anticipated European stock markets which are all down.
New data from Chainalysis shows that illicit cryptocurrency funds reached an all-time high in 2021, totalling $14 billion. Scams were the largest source of these illicit funds followed by theft.
Elon Musk has said Tesla will accept Dogecoin for purchases in the Tesla Shop. Items in the Tesla Shop include the Tesla Cyberwhistle, the Cyberquad for Kids, flasks, and an umbrella.
Bitcoin has tumbled more than 10% this morning hitting $43,000. This comes just weeks after Bitcoin hit a new high of $69,000. El Salvador's President also tweeted to say the country bought more BTC.
Palau is the latest country to dabble in cryptocurrency. It has partnered with Ripple to develop a new USD-backed stablecoin. It could end up being the world's first government-backed stablecoin.
Binance Labs has announced the start of Season 3 of its Incubation Program which will help nine nascent crypto projects develop further, find funding from investors and find new partners.
Philip Hammond, the UK's former Chancellor, has stated that tokenisation, distributed ledgers and other cryptocurrency technologies will be used by the mainstream financial sector soon
The People's Bank of China has clarified that trading cryptocurrencies inside the country is illegal. As its argument, the PBOC said cryptos are dangerous because people can lose their assets.
President Bukele of El Salvador has announced the country bought 150 more bitcoin bringing the total to 700 coins or 30.8 million U.S. dollars. It comes after he made bitcoin legal tender.
Poly Network, the crypto platform that was recently hacked and had millions in cryptocurrencies stolen, has confirmed that it has received all the money back from the hacker and is restoring service.
PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1.
Binance has been ordered by the UK High Court of Justice to identify hackers who stole $2.6 million from Fetch.ai. Once found, the court said Binance has to freeze the account of those responsible.
PayPal has acquired the cryptocurrency firm Curv to bolster its credentials in the field as it looks to offer these services to users around the world in the first half of the year.
The price of bitcoin briefly reached $40,000 on Thursday before retreating a bit. It's not clear what will happen to the price going forward but it has certainly piqued people's interest.
Opera has announced that its crypto wallet now has 170,000 monthly active users. To boost these figures, the firm has partnered with Ramp to allow those in the UK to buy cryptocurrency with low fees.