Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Crypto.com Launches a Custody Service in US
Reading Time: < 1 minuteCrypto.com on Monday announced the launch of its new cryptocurrency custody service, called the Crypto.com Custody Trust Company.
IRS Says Crypto Staking is Taxable
Reading Time: < 1 minuteAccording to the US IRS, the rewards received from staking activities should be treated as ordinary income and be reported on a person’s tax return as such.
Russia Bans Cryptocurrency Mining for 6 Years
Reading Time: < 1 minuteThe Russian government has approved a list of regions and territories where cryptocurrency mining will be prohibited next year.
Tech Giant Google Will Require UK Crypto Ads to Register with National Regulator
Reading Time: < 1 minuteGoogle has implemented a new policy that requires digital asset exchanges and wallets to be registered with the Financial Conduct Authority (FCA) in the United Kingdom before being authorized to advertise on its platform.
Metaplanet Buys 620 BTC
Reading Time: < 1 minuteMetaplanet, a company based in Japan that is publicly traded, has recently revealed that it has obtained 619.7 Bitcoin as part of its strategy to build a crypto treasury.
Jump Crypto Subsidiary Agrees to Pay $123 Million to SEC
Reading Time: < 1 minuteOn December 20, Tai Mo Shan, a subsidiary of Jump Crypto, reached a settlement with the United States Securities and Exchange Commission (SEC) for a sum of $123 million.
SEC Approves Bitcoin and Ethereum Crypto Index ETFs
Reading Time: < 1 minuteThe SEC has given its approval for the launch of combined Bitcoin and Ethereum ETFs by Hashdex and Franklin Templeton.
El Salvador Buys 11 Bitcoins Following Deal with IMF
Reading Time: < 1 minuteIn a swift move, El Salvador has recently added 11 Bitcoin to its Strategic Bitcoin Reserve, increasing its value to over $1 million.
Nigerian SEC Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Nigerian Securities and Exchange Commission (SEC) has recently updated its regulations concerning cryptocurrencies, specifically targeting the marketing of crypto products and services by virtual asset service providers (VASPs) and social media influencers.
Binance is Sued by Australian Regulator
Reading Time: < 1 minuteASIC has taken legal action against Binance Australia Derivatives, a crypto derivatives trading platform, for failing to comply with consumer protection laws.
Hong Kong Approves Licenses for 4 Crypto Exchanges
Reading Time: < 1 minuteThe securities regulator in Hong Kong has approved four new cryptocurrency recent surge in the price of Bitcoin.
Judge Won’t Stop Coinbase’s wBTC Delisting
Reading Time: < 1 minuteIn a hearing on December 18, a federal judge in the United States District Court for the Northern District of California ruled in favor of Coinbase in a lawsuit filed by BiT Global.
ESMA Publishes Final Guidelines on MiCA
Reading Time: < 1 minuteThe European Securities and Markets Authority (ESMA) has issued its final guidelines in anticipation of the implementation of the Markets in Crypto-Assets (MiCA) regulation.
Bitfinex Analysts: Bitcoin May Reach $200,000 in 2025
Reading Time: < 1 minuteBitfinex analysts have stated their minimum price target for Bitcoin remains between $140,000 and $200,000 around mid-2025.
Stripe and Remote Enable USDC Payments
Reading Time: < 1 minuteRemote, a global payroll provider, has announced that it will now enable US-based companies using its services to pay contractors in 69 countries using USD Coin.
UK’s Regulator Seeks Public Comment on Crypto Regulations
Reading Time: < 1 minuteThe Financial Conduct Authority of the United Kingdom is asking for the public’s opinion on its proposed strategies for enhancing the transparency of the nation’s crypto markets.
Bitget Receives a Bitcoin License in El Salvador
Reading Time: < 1 minuteBitget has announced that it has been granted the Bitcoin Service Provider (BSP) license by the Central Reserve Bank of El Salvador.
Kraken and BitGo to Distribute First FTX Payments to Creditors
Reading Time: < 1 minuteFTX’s debtors have announced that a reorganization plan, allowing for repayment to customers, will come into effect on January 3.
OpenSea to Hold Airdrop Following Cayman Islands Registration
Reading Time: < 1 minuteFollowing its registration in the Cayman Islands, OpenSea has sparked speculation among the community about a potential token launch and user airdrop.
MicroStrategy Will Be Added to Nasdaq 100
Reading Time: < 1 minuteOn December 23, MicroStrategy will officially join the Nasdaq 100 index.
BiT Global Sues Coinbase Over wBTC Delisting
Reading Time: < 1 minuteJustin Sun’s company BiT Global, which recently became a major stakeholder in the wBTC ecosystem, is taking legal action against the crypto exchange behemoth Coinbase.
Bank of England Demands Companies to Disclose Their Crypto Exposure
Reading Time: < 1 minuteThe Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England, has recently issued a directive that requires businesses to disclose their current and anticipated exposure to crypto assets by March 2025.
Coinbase Will Delist USDT in Europe
Reading Time: < 1 minuteTether’s USDT and five other stablecoins will be removed today from Coinbase’s European platforms.
Australia May Introduce A Stricter Crypto Regulation
Reading Time: < 1 minuteAustralia has suggested more stringent measures to combat financial crime through the implementation of stricter Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) rules.
Hong Kong Accelerates Crypto Licensing to Become Global Hub
Reading Time: < 1 minuteHong Kong is taking steps to expedite the approval process for cryptocurrency trading platforms as it aims to become a leading global hub for the crypto industry.
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