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Charities risk losing a generation of donors if they don’t accept crypto

Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations. Alex Wilson, the co-founder of The Giving Block, a crypto donation platform providing back-end support to charities, told Cryptox that

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77% of El Salvadorans Don’t Believe In President Nayib Bukele’s Bitcoin Dream

A survey by the Central American University suggests that the majority of El Salvadorans disapprove of the government’s Bitcoin endeavor.  More than 77% of the respondents want the government to stop spending money on Bitcoin-related projects. El Salvador failed to make it to the top 15 list in terms of crypto remittances. President

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IRS to summon users who don’t report and pay tax on crypto transactions

With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax. U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert and IRS Commissioner Charles Rettig announced that

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SEC chair suggests openness to crypto bills that don’t ‘inadvertently undermine securities laws’

United States Securities and Exchange Commission chair Gary Gensler supports legislation that gives the Commodity Futures Trading Commission greater authority over crypto — seemingly if it doesn't step on the SEC’s toes.In written remarks for a Thursday program hosted by the Practising Law Institute, Gensler encouraged intermediaries in the crypto

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