A financial analyst has warned that US-based crypto exchange, Coinbase, is facing an “existential risk” as the Securities and Exchange Commission (SEC) continues its crackdown on the crypto industry. This warning follows renewed concerns among Coinbase investors that tokens listed on the exchange could be considered securities under SEC rules, which would bring a host
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Robert F. Kennedy Jr., a Democratic presidential candidate, recently took to Twitter to voice his opinions on cryptocurrency regulation. He criticized the Biden Administration’s renewed call to propose a 30 percent tax on crypto-mining, calling it a “bad idea.” Kennedy believes that cryptocurrencies, led by bitcoin, are a major innovation engine. It would be a
The Blockchain Association, one of the largest cryptocurrency lobbying groups, has announced that it will move its resources out of New York to concentrate on federal policy. The CEO of the organization, Kristin Smith, has stated that the group will continue to hire full-time staff in Washington D.C. to promote its mission of advancing the
The White House’s Council of Economic Advisers has proposed taxing cryptocurrency miners to pay for the costs that are inflicted on the environment and local communities. In a blog post published on Tuesday, the council noted that the electricity used in crypto-mining was similar to what is used to power all of the country’s home
The US Securities and Exchange Commission (SEC) has been cracking down on crypto companies lately, but according to an editorial by Bloomberg, this could be beneficial to the industry in the long run. The editors of Bloomberg suggest that the crackdown represents an opportunity for crypto to gain mainstream adoption and acceptance, which is necessary
Visa has announced its partnership with the Brazilian central bank to explore blockchain technology-powered usage cases for the prototype digital real. The project aims to design the coins with a view to helping local businesses and is set to launch later this year. The financial platform, created in collaboration with Agrotoken, Microsoft, and Sinqia, is
Artificial Intelligence (AI) is rapidly developing and has created a buzz in the news lately with new technology being introduced. However, with great power comes great challenges. There are legal issues regarding AI content that need to be addressed before it can be effectively used in the crypto sector. The European Union (EU) is drafting
CoinMarketCap, a leading cryptocurrency price tracking website, has announced the launch of a new reality TV show called “Killer Whales.” The show is set to air in 2022 and will feature contestants pitching their crypto and NFT projects to a panel of industry expert judges, referred to as “Whales.” The show aims to entertain and
According to the French tax body, taxpayers in France declared a total of $442 million in profits from crypto trading in the latest tax year. While this figure is considered substantial, it falls short of the estimated gains made in 2021 by a factor of 10. The tax body’s claim is based on the number
JPMorgan, one of Wall Street’s leading investment banks, is continuing to push for the tokenization of traditional financial assets despite last year’s market downturn. According to Tyrone Lobban, the head of JPMorgan’s digital asset and tokenization platform Onyx, the bank has already processed nearly $700 billion in short-term loans on Onyx, with more to come.