The DeFi Education Fund (DEF) and crypto investment company Paradigm have joined forces to support James Harper’s lawsuit against the US Internal Revenue Service (IRS). In an amicus brief filed separately, they argue that the Supreme Court should reverse the district court’s decision in Harper’s case. Moreover, they emphasize that dismissing Harper’s complaint could impede
The conversation surrounding spot Bitcoin exchange-traded funds (ETFs) continues to gain momentum, with major asset managers like BlackRock and Fidelity now joining the race. SEC Commissioner Hester Peirce provided valuable insights into this development in a recent conversation with CNBC on October 23. While acknowledging the growing interest from firms and investors, Peirce urged caution
In recent news, the renowned publication, The Wall Street Journal (WSJ), has come under fire from members of the crypto community for allegedly publishing misleading information regarding Hamas crypto-related funding. The article, published on October 10th, claimed that Hamas had acquired around $90 million in cryptocurrency to finance an unexpected assault on Israel. This revelation
The Shiba Inu ecosystem has quickly become one of the most rapidly expanding communities in the crypto industry. In a short span of time, this meme cryptocurrency has witnessed the introduction of numerous tokens and updates to its ecosystem. Yet, it is crucial to acknowledge that despite all its progress, there is still much ground
Hong Kong’s Customs and Excise Department is taking a closer look at the regulatory measures surrounding cash-for-crypto shops in an effort to address the money-laundering risks associated with these establishments. This decision came after the police arrested several store owners who were allegedly involved in a $192.7 million fraud concerning the JPEX crypto exchange. Traditionally,
U.S. cryptocurrency exchange Coinbase has recently announced its decision to establish its European MiCA (Markets in Crypto-Assets) hub in Ireland. This move signifies a significant milestone in Coinbase’s ongoing efforts to expand its international presence. With the adoption of MiCA by EU policymakers, Coinbase is now well-positioned to serve a vast market of 450 million
In recent times, Bitcoin has experienced a remarkable surge, with a 10.50% increase over the past seven days. This surge can be attributed to various factors, including the spread of fake news regarding the approval of the BlackRock iShares Bitcoin Spot ETF. Monday saw a 7% price gain, driven by this misleading information. Such significant
The Federal Bureau of Investigation (FBI) has recently filed charges against six individuals for their involvement in an unlicensed money-transmitting business that utilized cryptocurrencies as a tool for money laundering. This article delves into the details of the case, highlighting the methods employed by the accused individuals and the implications of their actions. The accused
XRP, the digital asset associated with Ripple, has recently achieved a significant milestone with the approval of derivative contracts tailored for institutional investors on the popular cryptocurrency exchange Coinbase. This development has garnered attention from Wall Street experts who believe that the approval of these contracts will contribute to a bullish trend for XRP in
Binance, once hailed as the largest cryptocurrency exchange in the world, is facing significant challenges as it experiences a substantial decline in net outflows, internal turmoil, and heightened regulatory scrutiny. Over the past 24 hours, Binance has seen more than $1 billion in net outflows, signaling a loss of investor confidence. Additionally, the exchange has
