Cryptocurrency Analysis and News Portal
The exchange plans to publicly roll out this proposal in the coming days, according to sources familiar with the regulatory discussions. Details of the proposal were not available at press time, but among other matters the company intends to argue what should and should not be defined as a security
Read More
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax
Read More
Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on Monday, the proposal would increase the tax rate on long-term capital gains from
Read More
Cryptocurrencies can no longer be classified as a niche sector in light of the tremendous development made. At the moment, the primary worry with this emerging industry seems to be with regulations that define how the technology fits into our present economy. As of now, Thailand’s Securities and Exchange Commission
Read More
Lawmakers have written an amendment to an infrastructure bill in the U.S. Senate which proposes excluding certain crypto companies from the reporting requirements for brokers.In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis and with the support of Pennsylvania Senator Pat Toomey,
Read More
Kik and the U.S. Securities and Exchange Commission (SEC) have proposed settling their dispute over a 2017 token sale with a $5 million fine.The proposed joint settlement, which also enjoins the Canadian firm against future U.S. securities law violations, still needs approval from presiding judge Alvin K. Hellerstein, according to
Read More
Both Bitcoin and the stock market have recovered strongly since the March lows, but the “real” economy is not in a good place.As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far
Read More
Democrats in the Ohio State House of Representatives have proposed launching a blockchain voting pilot for overseas military voters registered in the Buckeye State.Introduced Tuesday as part of the Democrats’ elections law overhaul, the bill calls on Ohio’s Secretary of State Frank LaRose to “establish a pilot program” of blockchain
Read More
Developers working on Baseline, an enterprise smart contract and tokenization platform developed by Microsoft, Ernst & Young, and ConsenSys, are working to solve several flaws identified with Apple and Google’s proposal for coronavirus tracking initiatives.Google and Apple propose a contact tracing solution that would add cross-platform APIs that allow health
Read More
Ethereum developers have proposed a hard fork, titled the Muir Glacier, which is aimed at addressing the impending Ice Age that could potentially slow down the Ethereum mainnet. A hard fork refers to a radical change to a network’s protocol that makes previously invalid blocks and transactions valid or vice-versa and
Read More