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2 years agoTether Reports $3.3 Billion in Excess Reserves, Stablecoin Adoption Remains Strong
Tether, the stablecoin giant, has released a new transparency report that confirms its tokens are over 100% backed. The report states that Tether has $86.1 billion in assets and $82.8 billion in liabilities, with…
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2 years agoBinance Removes Sanctioned Banks from P2P Exchange Amid Criticism
Binance, a crypto exchange, has removed two payment options from its peer-to-peer service after being criticized for using code words to represent sanctioned Russian banks. The payment options were listed on the…
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2 years agoFed Chair Powell Warns of Possible Interest Rate Increases to Combat Inflation
Federal Reserve Chair Jerome Powell recently spoke at the Jackson Hole Economic Symposium, where he outlined the uncertainties surrounding the economic outlook and the possibility of further restrictive monetary…
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2 years ago1inch Network and Base Join Forces to Expand DeFi Presence, Supported by Coinbase
1inch Network has recently deployed its aggregation protocol and limit order protocol on the Base network, an initiative supported by Coinbase. This project aims to broaden its presence in decentralized finance…
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2 years agoDonald Trump Mugshot Sparks Surge in NFT Prices, Crypto Debate Heats Up Ahead of 2024 Election
Donald Trump’s nonfungible tokens (NFTs) surged in price after a photo of the former United States President was released as part of his criminal case in Georgia. Data from NFT marketplace OpenSea showed that the f…
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2 years agoCoinbase and Optimism Collective Partner to Build 'Superchain Future'
Coinbase has announced a new Ethereum layer-2 scaling solution called Base, which will share a portion of its revenue with its development partner, the Optimism Collective. The Optimism Collective is a group of…
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2 years agoIRS Proposes New Digital Asset Tax Regulations, Draws Criticism from Industry Advocates
The United States Internal Revenue Service (IRS) has proposed new regulations on the sale and exchange of digital assets by brokers. The proposed Form 1099-DA would simplify tax filing and help taxpayers determine…
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2 years agoUS Consumption Remains Strong Despite Delinquency, Chinese Central Bank Intervention Examined on Macro Markets
The latest episode of Macro Markets featured Cointelegraph analyst Marcel Pechman discussing the strength of US consumption despite increasing auto-loan and credit card delinquency. Pechman believes that consumers…
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2 years ago"Uniswap Surpasses Coinbase in Trading Volume, Signaling Growing Interest in Decentralized Exchanges"
Uniswap has become the premier decentralized trading spot for users since the beginning of 2023, surpassing Coinbase in terms of spot trading volumes. Uniswap facilitated up to $150 billion in trading volume in Q1…
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2 years agoTreasury Department Proposes Tax Rules for Crypto Platforms
The U.S. Treasury Department has proposed new tax regulations for the cryptocurrency industry, which would require crypto businesses to report to the IRS in a similar fashion to traditional brokers. This would…
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2 years agoNum Finance Launches nCOP Stablecoin to Tap Into Colombia's $6.5 Billion Remittances Market
Num Finance, a stablecoin issuer focused on the Latin America market, has launched a new stablecoin pegged to the Colombian Peso. The new stablecoin is dubbed nCOP and will be issued on the Polygon network, Num…
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2 years agoProfessor Damodaran Changes Stance on Bitcoin Again: Labels it "The Currency That Nobody Uses"
Aswath Damodaran, a professor of finance at Stern School of Business at New York University, has recently expressed skepticism regarding bitcoin’s potential and current status. He views it as a currency that n…
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2 years agoHong Kong Regulator Finds Benefits of Bond Tokenization in Project Evergreen Study
The Hong Kong Monetary Authority (HKMA) released a report on Aug. 25 detailing the findings of its Project Evergreen study which analyzed the market impact of bond tokenization. The report concluded that…
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2 years agoAlleged Founder of PEPE Meme Coin Doxxed, Price Plummets 19%
Jeremy Cahen, the founder of Not Larva Labs, has revealed Zachary Testa as the alleged founder of the PEPE meme coin. This news has caused a 19% drop in the coin’s price within the last 24 hours.The speculation w…
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2 years ago"Pyme Launches Innovative Platform to Revolutionize Investment in Web3 Companies and Empower Diverse Investors"
Pyme is a platform revolutionizing the investment landscape in the world of cryptocurrency and Web3 companies. It focuses on empowering individuals from diverse backgrounds and democratizing finance, connecting…
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2 years ago"16.045 Trillion PepeCoin Transferred to Exchanges, Sparking Panic Sell"
PepeCoin (PEPE) experienced a sharp decline in its market capitalization on Wednesday morning after 16.045 trillion PEPE tokens worth $16.85 million were transferred from the team’s wallet to various crypto e…
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2 years agoCybersecurity Breach at Kroll Compromises FTX Customer Data
FTX, a once-prominent crypto exchange, has been the victim of a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants. FTX…
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2 years agoCrypto Exchanges FTX and BlockFi Targeted in Phishing Scheme After Security Breach
FTX and BlockFi have recently been targeted in a phishing scheme as a result of a security breach of their bankruptcy case claims agent, Kroll. Kroll is in the process of notifying affected individuals and…
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bob wrote a new post
2 years agoTreasury and IRS Proposal to Overhaul Cryptocurrency Tax Rules for 2025
The US government is proposing a new set of rules for the taxation of cryptocurrency transactions. The public has until October 30 to submit comments and there will be public hearings on November 7 and 8. The…
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2 years agoSEC Crackdown on Crypto Industry Allegedly Politically Motivated: Cardano Founder
The US Securities and Exchange Commission (SEC) has been known for its continued crackdown on the crypto industry over the last few years. Charles Hoskinson, the founder of Cardano, believes that the agency’s a…
