US Securities and Exchange Commission (SEC) Chairman Gary Gensler has released a video explaining how the agency plans to regulate crypto exchanges. “I have directed our staff to work directly with the platforms to get them registered and regulated,” the SEC chief revealed. Video of SEC Chairman Gary Gensler on Regulation of Crypto Exchanges U.S. … Read more
When times get tough, the tough get going – is an age-old adage that most aptly describes the current challenges facing the cryptocurrency investment community. Faced with the double whammy of a 30% tax on crypto gains and a 1% withholding tax (TDS), crypto investors are looking for ways to mitigate future dislocations. The immediate … Read more
Despite regulatory uncertainty in a bear market, Johnny Lyu, CEO of cryptocurrency exchange KuCoin, is betting big on India. “India is a key market for KuCoin. We saw around 5.6 million new users in the first half of 2022, up to 659% growth, and a large portion of these new users were Indian. Indian users … Read more
Due to rapidly changing market conditions, many external investment institutions, chains, lending projects and platforms successively encountered problems, crypto exchange Hoo suffered a hole in its cash flow, according to its press release. of July 24. In order to quickly resolve the issue of cash withdrawal, ensure that users’ assets are not lost to the … Read more
On the same day the US Treasury Department added the Tornado Cash protocol allowing money laundering to its sanctions, Iran announced that the country of cryptocurrencies and smart contracts in its foreign trade by the end september. The country’s Deputy Minister of Industry, Mines and Trade, Alireza Peyman-Pak, made the announcement. A first order recorded … Read more
Apex Legends has a surprising number of characters able to scan their surroundings, but none do so using a nifty drone like Crypto. This aerial sweeping expert can be a very useful addition to a team when played effectively, making it a great choice for players who enjoy being the eyes of their teammates. In … Read more
Several of Ethereum’s biggest whales are loading their bags heavily as markets attempt to stabilize after a turbulent week of trading. According to transaction aggregator WhaleStats, a number of cryptocurrency wallets with the root name “BlueWhale” have spent hundreds of millions of dollars on discounted altcoins. The wallet with handle BlueWhale0117 spent $4.2 million to … Read more
The Securities and Exchange Commission (SEC) has come under heavy criticism from a US lawmaker who questioned the reason for the financial regulator’s legal leniency towards major crypto exchanges that had transacted a dramatically large amount of XRP tokens, despite classifying the asset as a security. Advertising Brad Sherman wants SEC to focus more on … Read more
A new bill proposed by two US senators would make cryptocurrency transactions for less than $50 tax-exempt. The Virtual Currency Tax Fairness Act of 2022, which was proposed by Republican Senator from Pennsylvania Pat Toomey and Democratic Senator from Arizona Kyrsten Sinema, has the stated goal of “simplifying the use of digital assets for everyday … Read more
Although private digital currencies have rewarded some people and institutions, they are an unstable financial asset that can carry social risks and costs, the agency warned. UNCTAD said their benefits to some are overshadowed by the threats they pose to financial stability, domestic resource mobilization and the security of monetary systems. Contents Advertising Rise of … Read more