Just like wine, an asset class that consists of rare wines, whiskeys, and champagnes also appreciates over time. Asset Class Worth $1 Trillion The market value of the aforementioned asset class, which has outperformed gold, precious stones, and high-end handbags…
XRP Tanks After Ripple’s Newest Attack On the SEC Case
According to a tweet from Ripple general counsel Stuart Alderoty on October 20, the U.S. SEC has sent documents related to former director William Hinman to Ripple (XRP). The crypto business resisted the SEC’s move for summary judgment as well.…
Voyager Sought for Creditors’ Vote for $1.42 Billion Sale to FTX
Distressed crypto lending company Voyager Digital Ltd., is asking for creditors’ consent for its $1.42 billion sale to FTX – a major cryptocurrency trading company. According to a Benzinga report: clients may be able to claw back 72% of their…
Will Crypto.com end up in trouble ?
The Singapore-based Cryptocurrency exchange company Crypto.com is reportedly facing some headwinds. The company announced the layoff of 5% of its 4000-person workforce in June, but the number may be more than that, according to recent news. Advertising and marketing costs…
New Binance Competition Seeks to Identify the Most Popular Cryptos
Binance has launched a competition on Twitter to reward the cryptocurrency community’s supporters with a sizable audience. Binance holds a competition called “The Community Showdown” in order to select the top three crypto projects to be listed on its exchange.…
Coinbase Backs Grayscale In Its Legal Battle With the SEC.
The largest Bitcoin fund, Grayscale, is fighting the Securities and Exchange Commission in court with the backing of Coinbase, the largest cryptocurrency exchange in the United States (SEC). Grayscale Protests Barring Of Its Bitcoin ETF Grayscale has made the decision…
Kraken Becomes Latest Crypto Exchange to Ban Russian Users
In accordance with penalties imposed by the European Union, Kraken is the most recent cryptocurrency exchange to block accounts of Russian users on its site. Kraken informed its Russian clients via email on October 19 that the exchange is discontinuing…
MasterCard to bring Crypto Trading to Banks by partnering with Paxos
Top payment-processing corporation MasterCard has announced that it will bring crypto trading capabilities to banks through its new Crypto Source™ program. According to the MasterCard announcement, the company is expanding its partnership with Paxos, the New York-based Fintech and blockchain…
IRS 2022 Tax Guidelines to Treat NFTs as Cryptocurrencies and Stablecoins
The U.S. Internal Revenue Service (IRS) has provided NFT investors with greater clarity regarding how the assets are expected to be taxed. Same Tax Law For All Digital Assets According to the IRS’s tax year 2022 guide, all “digital assets,”…
Israel Begins Using Blockchain to Offer Government Bonds
According to a report from October 19, the Israel Ministry of Finance has teamed up with VMware and Fireblocks to carry out a proof of concept for issuing government bonds through blockchain in order to lower costs and shorten the…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
