The Swiss Federal Council, the country’s highest authority, has recently called for a public consultation to implement global reporting standards for cryptocurrency taxes and guarantee that crypto assets are treated equally with traditional assets. On May 15, the Swiss government, which is led by the seven members of the Federal Government Council, published a consultation […]
The Senate’s long-running working group published its policy recommendation for federal financing of artificial intelligence, where it suggested that Congress should set aside at least $32 billion over the next three years to draft legislation and implement safeguards around it. The U.S. government is making additional efforts to control and encourage the development of AI […]
Alexey Pertsev has filed an appeal with the Court of Appeal in s-Hertogenbosch following his conviction for money laundering. The court has yet to decide whether to approve the appeal. Pertsev can also request to await his trial at home. The court confirmed that Pertsev was sentenced to 64 months imprisonment and was taken into […]
Retail investors in South Korea showed a significant increase in their engagement with local digital-asset exchanges even before the global surge in cryptocurrency prices in early 2024. The semi-annual report on crypto-asset businesses, published by the Korea Financial Intelligence Unit (KOFIU), states that active users of registered exchanges in South Korea grew by 390,000 to […]
The global cryptocurrency market capitalization has reached $2.51 trillion after the release of the U.S. Consumer Price Index (CPI) report. As per the report of the U.S. Bureau of Labor Statistics (BLS), the US CPI for April rose by 3.4% over the previous year, and CPI hit 3.7% for March in this year. After the […]
On Tuesday, Chinese officials announced the shutdown of a major illegal banking network that processed at least $1.9 billion in transactions using the cryptocurrency Tether (USDT). Officials from Sichuan and Chongqing announced the arrest of 193 suspects across 26 provinces linked to this network. The criminal group reportedly utilized USDT to bypass China’s stringent foreign […]
The well-known cryptocurrency payment platform Ripple Labs has partnered with Evmosto, the Ethereum Virtual Machine (EVM)-based protocol from Cosmos, to create an XRP-ledger EVM sidechain. 💥 @Ripple & @EvmosOrg have joined forces to build an XRP Ledger EVM sidechain! The sidechain will be built with #evmOS – a production-ready modular solution that leverages Cosmos SDK, […]
CME Group, a Chicago-based futures exchange is reportedly preparing to launch Bitcoin spot trading due to its surging demand this year among Wall Street investors, according to a report by the Financial Times. Although the plan is not yet finalized, it marks a significant move by major Wall Street players into the digital asset space, […]
TBD, a division of Block Inc., has partnered with Chipper Cash, one of Africa’s enormous financial technology companies, to expedite cross-border payments internationally and decentralized identity use cases for people and businesses on the African continent. Today at #3iAfrica, TBD announced our expansion into #Africa, adding @chippercashapp to our growing tbDEX ecosystem! 🎉 To learn […]
The new CEO of Ethereum layer-2 blockchain Eclipse, Vijay Chetty, takes over from founder Neel Somani amid sexual misconduct allegations. Operational update on behalf of Eclipse Labs: "Effective immediately, Vijay Chetty will be named CEO of Eclipse Labs, taking over for Neel Somani who is departing. Chetty will be elevated from Chief Growth Officer and […]