IRS Clarifies Reporting for Crypto bought with Fiat

The United States IRS has explained that crypto investors who just bought digital assets utilizing fiat and didn’t sell during 2020 don’t have to report said exercises. The United States Internal Revenue Service, or IRS, has refreshed its FAQ segment…

Ripple Responds to SEC Lawsuit: “XRP is not a Security”, XRP Surges Over 35%

The Securities and Exchange Commission filed a lawsuit against the Ripple company, charging Ripple for unlawful sales of XRP. SEC considers XRP as security, charging Garlinghouse and Larsen for selling XRP units in their possession and earning over 1 billion…

Bank of England Governor: Cryptocurrencies Could Be Gone Soon

More crypto skepticism is being seen this week with the governor of the Bank of England throwing salt in the face of all crypto enthusiasts. The head of England’s top bank, Andrew Bailey, believes that crypto currencies are not here…

Reserve Bank of India Now Looking to Unveil CBDC

The Reserve Bank of India has published a booklet with a section speaking exclusively about cryptocurrencies. The central bank through the booklet acknowledged that cryptocurrencies have gained in popularity in the last few years and confirmed that it was exploring…

The US Fed prints new dollars worth more than the Bitcoin market cap, prompting questions

The US Fed prints new dollars worth more than the entire Bitcoin market cap, prompting a Bitcoin expert to suggest that investors should buy Bitcoin.

Crypto Users Donate $400K to Support Wikileaks Founder Julian Assange

Wikileaks founder Julian Assange is receiving loads of support from some crypto holders as speculation rises about a possible presidential pardon from current president Donald Trump. According to Twitter user Whale Alert, users have donated a large amount of BTC…

Bitcoin ETF: What is It and How Does it Work?

The Bitcoin ETF (Exchange-Traded Funds) applications, rejections, and rumors of possible approval have been affecting price action in the past few weeks. While the SEC is yet to approve a Bitcoin ETF that follows its requirements and addresses crucial security…

ECB President: Digital Euro Decision to Come Early Next Year!

European Central Bank head Christine Lagarde has said that the bank should decide by early next year on whether or not it will be releasing a digital Euro. During an Online policy panel held on Nov 12, she stated that…

The Associated Press is Using Blockchain to Transmit US Poll results

The Associated Press news agency has reportedly been publishing incoming US election results onto the Ethereum and EOS Blockchains. As poll results keep trickling in from different states and counties, the developer webpage has detailed how to access its AP…

UN Advises East Africa’s Largest Economy to Employ Blockchain Against Corruption

An official from the United Nations’ drugs and crime agency is advising East Africa’s largest economy Kenya, to explore Blockchain technology in its fight against corruption. According to David Robinson, the regional anti-graft advisor at the UN drug and crime…