Lummis Unveils Crypto Tax Reform Bill: Ending Double Taxation and Promoting Small Transactions Senator Cynthia Lummis has recently introduced a groundbreaking crypto tax reform bill aimed at revolutionizing the taxation landscape for cryptocurrency transactions. The proposed legislation is designed to address key challenges faced by crypto miners and users, with a focus on eliminating double […]
Police investigate rising crypto-related crimes in Russia
The Rise of Crypto-Related Crimes: Police Crack Down on Unauthorized Crypto Farm in Russia As the popularity of cryptocurrencies continues to grow, so does the prevalence of crypto-related crimes. In Russia, authorities recently uncovered an unauthorised crypto farm that not only operated outside the bounds of the law but also caused significant damage to the […]
Senate passes Trump bill without crypto tax breaks
Senate Passes Trump Bill Without Crypto Tax Breaks The recent decision by the Senate to pass the Trump bill without including crypto tax breaks has sparked mixed reactions among the cryptocurrency community. One of the proposed changes that were left out of the bill was the taxation of staking rewards only upon sale. Additionally, there […]
Crypto adoption grows among Koreans aged 20 to 50 with Bitcoin leading the way
Bitcoin Leads the Way as Crypto Adoption Grows Among Koreans Aged 20 to 50 Cryptocurrency, once considered a niche interest for tech-savvy individuals, is now making its way into the mainstream financial landscape in South Korea. With Bitcoin leading the charge, a growing number of Koreans aged 20 to 50 are turning to digital assets […]
EU may ease restrictions on foreign stablecoins
EU Considers Easing Restrictions on Foreign Stablecoins The world of cryptocurrency and blockchain technology is ever-changing, with new developments and innovations constantly reshaping the landscape. One such recent development is the proposal by the European Union to potentially ease restrictions on foreign stablecoins. This proposed guidance would treat non-EU stablecoins as equivalent to those registered […]
US Senator proposes crypto ban for top officials
US Senator Proposes Crypto Ban for Top Officials The intersection of public office and private profit has long been a contentious issue, with ethical concerns frequently coming to the forefront. The most recent example of this involves former President Donald Trump, whose substantial earnings from cryptocurrency have sparked a renewed debate on the matter. According […]
Lawsuits pressure Strategy over Bitcoin losses
Lawsuits Pressure Strategy Over Bitcoin Losses Strategy, a prominent player in the world of cryptocurrency investments, is currently facing a significant legal battle. The company has been hit with not just one, but two lawsuits that allege top executives misled investors and gained from undisclosed accounting alterations. These allegations have sent shockwaves through the industry […]
Washington city orders removal of crypto ATMs over rising scamsÂ
Washington City Cracks Down on Crypto ATMs to Combat Rising Scams In a bold move to curb the surge of cryptocurrency-related scams, the city of Spokane in Washington has ordered the removal of around 50 crypto ATMs within the next 60 days. This decision comes as part of a broader effort to address the increasing […]
Trump’s financial report reveals major crypto and property income
Trump’s Financial Report Reveals Over $57 Million in Crypto Income Former President Donald Trump recently released his latest financial report, and the numbers are nothing short of staggering. Among the eye-catching figures disclosed, one stands out prominently – over $57 million in income from cryptocurrencies. This revelation has sparked widespread interest and speculation in both […]
Russia to crack down on illegal crypto mining
Russia to Crack Down on Illegal Crypto Mining The world of cryptocurrency mining has long been a controversial one, with debates raging on about its environmental impact, energy consumption, and legality. In the midst of this ongoing discussion, Russia has made a bold move by announcing plans to crack down on illegal crypto mining activities […]