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Reps. Brad Sherman and Stephen Lynch earlier this week asked the Treasury and IRS to “promptly” issue regulations to address tax evasion in crypto

Dems press Treasury, IRS to crackdown on crypto wash trading

After Republicans successfully blocked a tax-loss harvesting clause aimed at the crypto industry tucked into the recently-passed debt ceiling bill, Democrats are still pushing the issue.

1 year ago

Bitget users in Latin America increased 43% from June 6 to 9, alongside a 134% increase in deposits.

Latam crypto holders flock to Bitget following Binance, Coinbase suits

Crypto exchange Bitget has seen a surge of new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase. Compared to dail...

1 year ago

The United Kingdom is the future center of cryptocurrencies, thinks Andreessen Horowitz

Andreessen Horowitz Sees UK as Future Home of Crypto

Venture capitalist firm Andreessen Horowitz has set its sights on the United Kingdom as the potential future hub for the cryptocurrency industry. In a significant move, the firm has announced th...

1 year ago

The billionaire co-founders of Gemini say that “crypto has already won the hearts and minds of Millennials and GenZ."

Winklevoss Twins Say 'War On Crypto' Will Hurt Democrats

Renown crypto billionaire Cameron Winklevoss says the youth vote rescued the U.S. Democratic party from defeat in 2020—and that alienating them now will mean "lost votes" in the ...

1 year ago

Bitcoin rose and Ether fell during Friday afternoon trading hours in Hong Kong, while most of top 10 non-stablecoin cryptocurrencies by market capitalization saw a small rally!

Bitcoin rises, Ether slips, most top 10 cryptos begin to pick up after SEC crackdown

Bitcoin rose and Ether fell during Friday afternoon trading hours in Hong Kong, while most of the top 10 non-stablecoin cryptocurrencies by market capitalization saw a small rally following the ...

1 year ago

Bittrex owes $29 million in penalties for sanctions violations and may still face penalties in a case brought by the SEC.

US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines

The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. T...

1 year ago

Should the deal go through, Prime Trust’s infrastructure will “map over 1:1” with BitGo’s services and add another trust company and crypto IRA fund.

Crypto custodian BitGo signals intent to acquire Prime Trust

Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcem...

1 year ago

Releasing the nine million-strong list of customers would “impair” the ability to maximize value for FTX creditors, a banker for the exchange said.

FTX argues that releasing ‘valuable’ customer list will harm its sale value

The list of around nine million FTX customers is “extraordinarily valuable” and could harm the crypto exchange’s sale value if released, a member of the FTX restructuring team ...

1 year ago

Google found that in 65% of cases involving compromised cloud accounts, hackers were engaging in crypto mining.

Google now offering $1M crypto mining attack protection

Google Cloud is offering certain customers up to $1 million in protection for costs incurred during undetected crypto mining attacks. Subscribers to Google’s Security Comma...

1 year ago

The second–largest batch of Bitcoin options contracts to expire in June.

Bitcoin Options Contracts Worth $720M Expire Today, BTC Put-Call Ratio Leans Bullish

On June 9, 27,000 Bitcoin options will expire with a notional value of $720 million with a max pain price of $26,500. Around $3.3 billion worth of contracts are set to expire on June 30, which c...

1 year ago