Gemini, a New York-based cryptocurrency exchange, has recently announced its decision to suspend cryptocurrency services in the Netherlands. This move stems from the exchange’s inability to meet the stringent regulatory requirements set forth by the Dutch central bank, De Nederlandsche…
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Colorado Department of Motor Vehicles now accepts cryptocurrency for online services
The Colorado Department of Motor Vehicles (DMV) now accepts cryptocurrency payments for online services, such as renewing a driver’s license or vehicle registration. This step makes Colorado one of the first states in the US to accept cryptocurrency payments for…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
Gensler Receives Powerful Lashes from Congress Majority Whip
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has been reprimanded by House Majority Whip Tom Emmer for the former’s incompetence in handling the crypto industry. The congressman commented that the actions of the SEC have forced crypto…
SEC Chair to be Removed by Legislation – Rep. Davidson
Representative Warren Davidson is planning to introduce legislation to remove the position of Chairman in the Securities Exchange Commission (SEC). He wants the position to be replaced by an executive director who reports to the board. This move is apparently…
These four factors are contributing to the current price of Bitcoin
Bitcoin printed the big green monthly candle of January with a crazy gain of 43%. Bitcoin recorded the highest monthly ROI after 14 months and 49% YTD. A lot of factors participated in this rally and I will be covering…
New Italian Budget Law Imposes 26% Tax on Crypto Gains
Italy’s parliament has approved a new tax on cryptocurrency as part of the country’s budget law for 2023. Under the new law, cryptocurrency gains in excess of 2000 euros will be subject to a 26% tax rate during the tax…
FTX’s Sam Bankman-Fried Finally Extradited to the US to Face Criminal Charges
A plane carrying Sam Bankman-Fried, the former CEO of FTX, has arrived in the United States from the Bahamas, where he is facing fraud charges related to the collapse of the crypto exchange, which wiped out billions in valuations. Wednesday…
BlockFi Petitions the U.S. Bankruptcy Court to Let Clients Withdraw From Blocked Accounts
BlockFi, the bankrupt cryptocurrency lender, has petitioned the United States Bankruptcy Court to allow clients to withdraw cryptocurrencies held in their BlockFi Wallet Accounts. Step Closer to Client Refunds This request has no effect on withdrawals or transfers from BlockFi…
Democrats Want to Return Over $1 million of SBF’s Donations to FTX Victims
Three well-known Democratic organizations have resolved to return over $1 million to investors who lost their money as a result of misappropriation following the arrest of former FTX CEO Sam Bankman-Fried (SBF). FTX’s Campaign Contributions After the businessman was charged…