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“Coinbase has embraced regulation since we were founded over a decade ago,” the cryptocurrency exchange’s chief legal officer, Paul Grewal, told the United States Congress on June 6. “The SEC [Securities and Exchange Commission] allowed us to become a public company in April 2021, which makes us unique in the crypto
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Cryptocurrency, having made its presence felt globally as an investment asset, is no longer unfamiliar to the IRS. The tax rules concerning cryptocurrency, however, remain somewhat convoluted. According to the IRS, crypto may be subject to either income taxes or capital gains taxes, depending on its usage.Cryptocurrency is not taxed
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Financial Advisors should consider Real World Assets (RWA) as a way to approach the digital asset sector, minus most of the volatility. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The WEF has released a comprehensive report suggesting global guidelines to regulate the complex and rapidly-evolving crypto industry, emphasizing the need for harmonized regulations to ensure market stability and investor protection. The World Economic Forum (WEF) has
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent tweet, Pavel Luptak, a hacker and member of the Institute for Cryptoanarchy, expressed skepticism about the widespread adoption of decentralized cryptocurrencies in the current world order. Luptak believes that cryptocurrencies will never go mainstream
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Such contracts are often used in hedging strategies, but in the Solid World case they can bring certainty to carbon credit projects with long horizons. The liquidity pool will bring key funding to the mangrove projects "while providing structured inventory to distributors seeking to sell high-quality carbon credits," the press
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Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make up three of the four top targets for the so-called Hermit Kingdom’s hackers, Elliptic found.The study, commissioned and reported on by Japanese financial publication Nikkei, looked at losses
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Floki, a metaverse and web3 project that initially started as a meme coin, is partnering with the World Table Tennis (WTT), an organization created by the International Table Tennis Foundation (ITTF). Floki aims to reach more
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The ‘mainstreamification’ of NFTs initially gained traction in the art world, addressing the industry’s inherent problems and presenting a use case that was relatively easy for the average consumer to grasp. Since then, new trends have emerged, shaping the face of NFT art today and impacting its future trajectory. Notably,
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Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the
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