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Crypto asset investment in Latvia declines by 50% over past year, per central bank

• by admin
• August 6, 2023

According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.” NEWS The number of people buying crypto assets in Latvia is declining, Latvijas Banka said in its 2023 “Financial Stability Report.” The central bank attributed the falling interest in crypto to negative sentiment linked […]

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No crypto plans for X: Elon Musk debunks scam token claims

• by admin
• August 6, 2023

Elon Musk addressed the issue of scam tokens falsely claiming connections to the social media platform. NEWS Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday, Aug. 5. In response to […]

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Worldcoin cryptocurrency project suspended in Kenya

• by admin
• August 3, 2023

Kenyan authorities want to ensure that Worldcoin poses no risks to the security of citizens before it allows the project to gather iris data. NEWS The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with it. Kenya’s minister of internal security took […]

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Crypto staking rewards are taxable once received: IRS

• by admin
• August 1, 2023

The United States tax collector will require taxpayers to count staking rewards as gross income at the time they gain “dominion” over the tokens. NEWS United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority. On […]

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Crypto community reacts to Barbie star saying Bitcoin talk exudes Ken energy

• by admin
• July 31, 2023

Michael Saylor, Layah Heilpern and Girl Gone Crypto were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin. NEWS Australian actress Margot Robbie, who plays the lead role in the new Barbie movie, has caused a stir within the crypto community after stating that talking […]

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Indian Supreme Court raps Union government on crypto rules delay: Report

• by admin
• July 30, 2023

The Supreme Court bench asked the union government to file a report on whether the latter is capable of setting up a federal agency to investigate crypto-related crimes. NEWS The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a […]

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X’s ad revenue sharing: Crypto payments on the horizon?

• by admin
• July 30, 2023

Should Elon Musk’s platform choose to introduce crypto payments in the future, Stripe’s on-ramp service could prove beneficial. NEWS Following the announcement of X’s (formerly Twitter) ads revenue sharing initiative, crypto exchange Kraken proposed the possibility of accepting payments in Bitcoin  BTC $29,293 . The X community responded positively to the tweet, praising the suggestion as […]

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Crypto community reacts to Barbie star saying Bitcoin talk exudes Ken energy

• by admin
• July 30, 2023

Michael Saylor, Layah Heilpern and Girl Gone Crypto were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin. NEWS Australian actress Margot Robbie, who is playing the lead in the new Barbie movie, has caused quite a stir within the crypto community after […]

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Crypto bills pass congressional committee in ‘huge win’ for US crypto

• by admin
• July 27, 2023

Two crypto regulatory bills have been passed by the United States House Financial Services Committee that could finally provide some much-needed regulatory clarity. BREAKING NEWS A key United States House panel has approved a pair of bills that could finally deliver some regulatory clarity to crypto firms — including clarifying the differences in jurisdiction between […]

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Crypto-friendly BlackRock starts ‘digital-first’ investment offering in India

• by admin
• July 27, 2023

As BlackRock reiterates that an optimal investment allocation should include 84.9% BTC, the firm has formed a major investment partnership in India. NEWS Global investment giant BlackRock is expanding its reach in India with a partnership targeting the launch of the “digital-first offering” in India. BlackRock on July 26 officially announced a joint investment project with Jio […]