Is SBF Behind the Crypto Collapse?
Crypto Twitter has been abuzz with debate following the emergence of a new conspiracy theory that suggests FTX founder Sam Bankman-Fried may be the anonymous developer behind the highly controversial…
Are Crypto Staking Rewards Taxable? IRS Clarifies
Crypto Staking Rewards and Taxation The Internal Revenue Service (IRS) recently issued Revenue Ruling 2023-14, clarifying that United States crypto investors must report crypto staking rewards as gross income for…
Exploit Concerns Force LeetSwap, Base’s Biggest DEX, to Halt Trading
LeetSwap Temporarily Halts Trading Over Potential Exploit Decentralized exchange LeetSwap, which operates on Coinbase’s Base network, has announced a sudden pause to trading due to concerns of a potential exploit….
Binance CEO Talks Stablecoin Strategy: Diversify and See
Risks Associated with Stablecoins Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to provide investors with options other than the…
Judge Upholds Motion to Dismiss Terraform Case, Disagrees with Ripple Decision
SEC Lawsuit Against Terraform Labs to Proceed The United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs will be moving forward after a U.S. judge overseeing the case…
Revolutionising Smart Contracts with Crypto Technology
Smart contracts have revolutionized what blockchain and crypto can achieve, and it is undeniable. However, being overly enthusiastic about any innovation can lead to its stagnation or even failure when…
Republican Candidate Aims to End Biden’s ‘War on Bitcoin’
Digital Currency Regulations and Presidential Campaigns Florida Gov. Ron DeSantis has made economic independence a key pillar of his 2024 presidential campaign, taking a stance on digital currencies. During a…
Crypto Market Loses $486M in July: Cointelegraph Crypto Report
Crypto Market’s Worst Month of 2023 The cryptocurrency market had its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cointelegraph. Losses totaled $486 million,…
US Senate Approves National Defense Bill Targeting Crypto Mixers and Web 3.0 Coins
Crypto Regulation in the NDAA On July 27, the United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion, containing a provision that targets crypto mixers,…
Two Crypto Bills Make a Major Success in US Congress
Last week, the United States moved closer to providing regulatory clarity for the crypto industry. The House Financial Services Committee (FSC) voted 35–15 in favour of the Financial Innovation and…