The changes target TrueUSD and other digital currencies The Binance cryptocurrency exchange recently revealed its plans to delist several TrueUSD (TUSD) trading pairs, the stablecoin associated with Justin Sun, the founder of Tron. The exchange published a notification on March 13 saying several TUSD pairs would be removed from the exchange, including COMP/TUSD, EPENDLE/TUSD and
President Biden has once again submitted his crypto mining tax increase in a budget proposal President Joe Biden has resurrected the concept of a 30% tax on electricity used by cryptocurrency miners in his 2025 budget proposal. It’s not the first time it has come up, but could find more support in an election year.
Crypto fans could soon see crypto exchange-traded notes on the London Stock Exchange The London Stock Exchange (LSE) has revealed that it will begin accepting applications for Bitcoin and Ether cryptocurrency exchange-traded notes (ETNs) in the second quarter of 2024. The exchange confirmed on March 11 that applications following guidelines specified in its Crypto ETN
Bitcoin continues to gain traction this year, leading to significant retail activity Bitcoin spot trading volume recorded its biggest day in over a year on March 5, as centralized exchanges reported a combined daily volume of $46.26 billion, meaning that more retail investors have begun purchasing the cryptocurrency. After its recent yearly high, Bitcoin spot
The goal is to add more legitimacy to the digital currency ecosystem and capitalize on Bitcoin’s strength Arizona State Senators are considering a proposal to include Bitcoin exchange-traded funds (ETFs) in two state retirement portfolios. The House is reviewing the resolution for a second time after it passed the Senate’s Third Reading on February 22
A sudden increase in traffic leads the cryptocurrency exchange to temporarily curb movements Cryptocurrency exchange Binance has suspended Solana network withdrawals due to an “increased volume of transactions.” According to a March 6 announcement, the company expects to find a solution and restart withdrawals on March 9. “Withdrawals on the Solana (SOL) network have been
The bill will help fuel blockchain adoption and bring more support for digital currencies The Virginia Senate has passed a bill creating a workgroup earmarked to study the overall cryptocurrency ecosystem and make suggestions to promote its expansion. Senator Saddam Azlan Salim presented the bill on January 9, which seeks to keep miners from being
The lawsuit accuses the media outlet of defamation in its cryptocurrency coverage The Wall Street Journal will face a defamation lawsuit for an article published in 2023 that made allegations portraying illegal activities implicating cryptocurrency firms Tether and Bitfinex. Investigative platform OffshoreAlert reports that Christopher Harborne and his company AML Global filed a lawsuit against
The bankrupt company will have to figure out how to make the payments to avoid further legal issues The New York State Department of Financial Services (NYDFS) and Gemini cryptocurrency exchange have reached a deal that requires Gemini to return at least $1.1 billion to clients of its Gemini Earn Program via the cryptocurrency company’s
The government is moving cryptocurrency it seized in the wake of the Bitfinex hack The US government has transferred $922 million in Bitcoin from two crypto wallets that maintained the funds seized after the Bitfinex platform was hacked in 2016. The transfers happened on the same day Bitcoin surpassed $60,000 on February 28, the first
The scammer and FTX cryptocurrency exchange founder is pleading for mercy Attorneys for Sam “SBF” Bankman-Fried have filed a request in the US District Court for the Southern New York District for a prison sentence of between five and a quarter and six and a half years for their client. The former CEO of the
The cryptocurrency entrepreneur was sentenced to prison for fraud The US Court of Appeals for the First Circuit has upheld the fraud conviction of Randall Crater, the founder of the cryptocurrency project My Big Coin, who was sentenced to over eight years in prison. As a result, his plans for a new trial have been
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