The Securities and Exchange Commission charges Ripple with conducting an unregistered securities offering. Ripple plans to fight the charges. As the final days of the legal conflict surrounding the crypto sector wind down, all that is left is for Judge Analisa Torres of the Southern District of New York to issue her verdict. Stakeholders in … Read more
Cryptocurrencies will now have to be identified separately on tax returns, providing greater transparency on who is declaring gains, experts say. The British finance ministry’s plans to update crypto tax rules should clear up confusion for taxpayers and give the Government more information on crypto holders, experts have said. As part of the Spring Budget … Read more
The $100 million saved on loans is a result of debtors being influenced to repay their loans due to the profitable opportunity. The value of two of the most popular stablecoins, USDC and DAI, took a tumble over the weekend. On Saturday, USDC hit a yearly low of $0.8774 on CoinMarketCap, while DAI dropped to … Read more
Ethereum’s next major software upgrade, which could make crypto’s biggest commercial highway more attractive to investors and developers alike, is scheduled for April 12. Shanghai, the much anticipated Ethereum smart contract platform, is set to go live on September 13th. This will allow those who pledged their Ether tokens to order transactions on the Ethereum … Read more
Cathie Wood’s Ark Investment Management has raised about $16 million for new private crypto funds, according to U.S. Securities and Exchange filings. The new funds will invest in a variety of digital assets and protocols, including bitcoin, ether, and blockchain startups. ARK Investment, a company that is bullish on cryptocurrency, has raised $16.3 million from … Read more
Bitcoin experiences a sharp correction after soaring to over $26,500 yesterday, briefly falling below $24,000. At the time of writing, Bitcoin is trading at $24,868, below key resistance at $25,200. Charles Edwards, founder of Capriole Investments, has spotted an extremely bullish chart pattern for Bitcoin that could propel the price to over $100,000. Via Twitter, … Read more
According to New York’s financial regulator, the closure of Signature Bank had nothing to do with cryptocurrency. Over the weekend, regulators had shuttered Silicon Valley Bank, leading to a “significant crisis of confidence in the bank’s leadership,” which ultimately resulted in Signature Bank’s closure. The contrasting comments from a New York State Department of Financial … Read more
Binance Halts Sterling Deposits and Withdrawals On Tuesday, a spokesperson for Binance said that the world’s largest crypto exchange had ceased dollar transfers. The spokesperson said that Binance had been informed by its partner for sterling transfers, Paysafe, that it would halt its services from May 22. This impacts all Binance customers. Sterling transfers for … Read more
A lone Bitcoin miner was rewarded for adding block 780,112 to Bitcoin’s blockchain, beating the odds as countless others raced toward the same goal. The miner used the Solo CK Pool mining service to establish a solo mining pool, where they produced a valid hash for the block and received a reward of 6.25 BTC … Read more
“Breaking the Bank: How Bitcoin Is Disrupting the Financial Industry” – As per our readers’ demand and comments, we are publishing this article. If you want to know about The End of Banks? “Breaking the Bank: How Bitcoin Is Disrupting the Financial Industry”, continue reading and learn more. The Silicon Valley Bank collapse on March … Read more