Year: 2024

The United States Internal Revenue Service (IRS) has unveiled its final draft of new crypto broker reporting requirements, marking a significant shift in the regulatory framework for digital assets. This announcement has been met with a mix of relief and concern from various industry participants. Here’s a detailed look at…

In a landmark move, Bolivia’s central bank, Banco Central de Bolivia, has lifted its ban on Bitcoin and cryptocurrency payments. This significant policy change marks the end of a ban that has been in place since 2014, allowing financial entities to conduct transactions with digital assets. This shift is part…

Coinbase is in the legal spotlight again! This time, the crypto exchange is taking aim at the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) through lawsuits filed on June 27th. The Allegation: Stalling on Transparency The lawsuits allege that both the SEC and FDIC…

The financial world is a whirlwind these days. Banks are juggling lawsuits, integrating crypto into their systems, and facing public scrutiny after past failures. But there’s a glimmer of hope! A strong jobs report boosted investor confidence, and things might be looking up for the banking industry. Investors Breathe Easier…

The winds of change are blowing in the Land of the Rising Sun, and it’s bringing a positive breeze for the cryptocurrency market. A recent survey conducted by Nomura Holdings and its digital asset subsidiary, Laser Digital, has revealed that a significant portion of Japanese institutional investors are warming up…

In a significant development within the cryptocurrency regulatory landscape, the Nigerian High Court has dismissed a lawsuit filed by Nadeem Anjarwalla, Binance’s regional manager. Anjarwalla had alleged that Nigerian government agencies violated his fundamental rights by detaining him and seizing his passport. The dismissal, ruled by Judge Inyang Ekwo on…

In a landmark decision for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into ConsenSys, the technology incubator behind Ethereum 2.0, without recommending any enforcement actions. This announcement has been well-received by the market, leading to a notable increase in the price of ether…

In a significant move towards enhancing digital identity and security, the European Commission has selected Iota’s Web3 ID solution for its current edition of the European Blockchain Sandbox initiative (EBSI). This selection underscores the revolutionary potential of Iota’s solution in transforming Know Your Customer (KYC) processes through distributed ledger technology…