Cryptocurrency Analysis and News Portal
“Being able to wrap tokens is a valuable and necessary cross-chain interoperability tool,” said Michael Bacina, Digital Assets lawyer at Piper Alderman Lawyers. “To have a purely technological function triggering a tax event and tax payable is not something users would expect when using crypto-assets.” Source
Read More
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to what it calls value-referenced crypto assets, with a particular focus on stablecoins.On Oct. 5, the umbrella organization of Canada’s provincial and territorial securities regulators published a clarification saying it may allow trading
Read More
Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent
Read More
In a recent update on X (formerly known as Twitter), The Chief Technology Officer (CTO) of Ripple Labs, David "JoelKatz" Schwartz, brought attention to a recent development involving the U.S. Securities and Exchange Commission (SEC) appeal plea. As per the insights shared by the CTO, the SEC is seeking an appeal
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple clarified six misconceptions about the recent ruling. After it, XRP and Bitcoin are the only digital assets that aren’t considered securities in the US. On July 13, Judge Torres ruled in the trial of Ripple v.
Read More
The United States Federal Reserve clarified that its new service for instant payments between organizations — the FedNow Service — has no relation with central bank digital currencies (CBDCs).The Fed certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of
Read More
Token issuers in the country were subject to a 30% corporate tax for unrealized gains on their own tokens. Original Source
Read More
Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21.Tether chief technology officer Paolo Ardoino took to Twitter to clarify that the
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy
Read More
The launch of Ledger Recover, a service that allows users of the Ledger hardware wallet to back up their secret recovery phrases, met with immense resistance from the crypto community. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism against Ledger as “a total PR failure, but absolutely not a
Read More