The battle that began almost two years ago was dropped voluntarily The US Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Coinbase, marking the end of a legal battle that began in June 2023. According to court filings from February 27, the SEC voluntarily dismissed all litigation against the cryptocurrency exchange and
Category: Crypto
US House Lawmakers Introduce Bill To Protect Crypto From the IRS
The bill would reverse a reporting rule the IRS previously implemented US lawmakers in the House of Representatives have introduced a resolution aimed at overturning an IRS rule that would require brokers to report cryptocurrency transactions. The measure, known as the “DeFi broker rule,” was approved in December and is set to take effect in
Fake Projects That Steal Cryptocurrency Are Appearing on GitHub
Kaspersky has identified several malicious apps circulating in the repository Hackers are using GitHub to distribute fake projects designed to steal cryptocurrency and sensitive information, according to cybersecurity firm Kaspersky. The campaign, dubbed “GitVenom,” involves the creation of hundreds of fraudulent repositories that trick users into downloading malware disguised as legitimate software. These projects often
Ohio Wants to Ban Taxes on Cryptocurrency When Used as a Payment Method
A state bill would put cryptocurrency in the same group as traditional currency Ohio lawmakers are pushing forward a bill that would prevent the state from imposing additional taxes on cryptocurrency when used for payments. House Bill 116, introduced by Representative Steve Demetriou and backed by several co-sponsors, seeks to ensure that digital assets like
Cryptocurrency Exchange Bybit Restores Order After Alleged Lazarus Hack
Over $1.4 billion in Ether was reportedly stolen during the hack Bybit has restored its operations after a major security breach that resulted in the theft of $1.4 billion worth of Ether. CEO Ben Zhou confirmed that the exchange has fully replaced the lost assets and will soon release a new proof-of-reserve report to assure
Bitcoin Quantum-Resistance Reportedly Closer With Microsoft Chip
Microsoft claims to be able to help better secure crypto with its new technology Microsoft’s latest quantum computing chip, Majorana 1, has sparked discussions about Bitcoin’s preparedness for a potential quantum threat. According to Bitcoin exchange River, this new development could accelerate the timeline for making Bitcoin quantum-resistant. 1 million qubits can potentially crack a
Montana House Committee Advances Bitcoin Reserve Bill
Montana is one of a handful of states that is moving forward with crypto regulations A Montana House committee has moved forward with a bill that could allow Bitcoin and other digital assets to be used as reserve assets by the state. House Bill No. 429 passed through the Business and Labor Committee with a
Tether Co-Founder Reeve Collins Launches New Yield-Producing Stablecoin
The Pi Protocol will launch later this year on the Ethereum and Solana blockchains Tether co-founder Reeve Collins is stepping back into the stablecoin market with a new decentralized project aimed at offering yield-producing digital assets. His latest venture, Pi Protocol, is set to launch later this year on the Ethereum and Solana blockchains, introducing
Binance Co-Founder Denies Rumor Exchange Is for Sale
Changpeng Zhao claims the rumor was started by a competitor of the cryptocurrency exchange Binance co-founder Changpeng Zhao has dismissed speculation that the cryptocurrency exchange is up for sale. The former CEO addressed the rumors on social media, labeling them as misinformation spread by a competitor. He stated that as a shareholder, Binance is not
The Bitcoin Mining Industry Is Helping Create New Jobs in the US
A new Texas Blockchain Council report suggests crypto mining brought 31,000 new jobs to the US The Bitcoin mining industry has become a significant contributor to job creation in the US, providing thousands of positions both directly and indirectly. A recent report by the Perryman Group, published by the Texas Blockchain Council and The Digital
Michigan Is Now Considering Creating a Cryptocurrency Reserve
The list of states showing support for cryptocurrencies continues to grow Michigan lawmakers are considering the creation of a cryptocurrency reserve, joining a growing number of states exploring digital asset investments. A new bill, introduced by Representatives Bryan Posthumus and Ron Robinson, seeks to amend the state’s Management and Budget Act to allow the state
Texas Bitcoin Reserve Bill Filed by Lawmakers
Texas is one of a handful of states that is becoming more serious about cryptocurrency Texas lawmakers have introduced a new bill aimed at creating a state-controlled Bitcoin reserve, positioning Texas as a leader in cryptocurrency adoption. Senate Bill 21 (SB 21), filed by Senator Charles Schwertner, builds upon a previous proposal and expands the