Tag: Crypto

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Class Action Lawsuit Against Tether: Plaintiffs File Slimmed Down Complaint

Plaintiffs in a class action lawsuit against Tether and Bitfinex have filed a new, streamlined complaint in the Southern District of New York. The complaint accuses the companies of manipulating the cryptocurrency markets and...
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Italy Increases Capital Gains Tax on Crypto to 42%: Latest Updates

Italy's Deputy Finance Minister, Maurizio Leo, has announced that the government plans to increase taxes on capital gains from cryptocurrencies such as bitcoin to 42%, up from the previous rate of 26%. This decision...
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Institutional Adoption of Bitcoin and Crypto Stocks: A Ripe Opportunity

Bitcoin and other cryptocurrencies are becoming more appealing to institutional investors, according to a recent report by brokerage firm Bernstein. The report suggests that there is still significant potential for institutional adoption of Bitcoin...

Crypto Exchange Coinsquare Ordered to Eat Tens of Thousands of Customers’ Records to Canadian...

Coinsquare quotes between 5 and 10 percent of customer records may be caught in the sweep.Canada's tax jurisdiction, the Canada Revenue Agency (CRA), has prevailed in a court struggle for access to a trove...
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Bitcoin Price Drops Below $59K with $230M Crypto Liquidations

Bitcoin's price recently fell below $59,000 due to concerns about potential sell pressure from Mt. Gox repayments and potential miner sales. This drop also affected other major cryptocurrencies such as ether and Solana's SOL....

SBI Crypto’s Bitcoin mining pool goes public

The mining subsidiary of Japanese financial conglomerate SBI Holdings is launching its own pool services to institutional and retail clients alike.As among the fruits of a strategic partnership involving SBI and the German technology...
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Florida CFO Jimmy Patronis Predicts Growth of State’s $800M Crypto Portfolio Under Trump Presidency

Florida's Chief Financial Officer, Jimmy Patronis, has been vocal about his support for expanding the state's cryptocurrency investments under a potential Trump administration. He recently suggested diversifying the state's retirement fund into cryptocurrencies, highlighting...
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Crypto Market Reacts to Trump’s Election Odds on Polymarket

The crypto market has experienced a downturn in the last 24 hours, with Bitcoin dropping by 1.9%. However, the broader crypto market has seen a more significant decline, impacted by various factors such as...
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CoinDesk Acquires CCData and CryptoCompare: A Strategic Move in Crypto Data Industry

CoinDesk has recently made a significant strategic move in the crypto data industry by acquiring CCData and CryptoCompare. This acquisition will enhance CoinDesk's data offerings, including the CoinDesk Indices and the CD20 index. CCData,...
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SEC Commissioner Criticizes Agency’s Handling of Crypto, Calls It a ‘Disaster’

SEC Commissioner Mark Uyeda recently spoke out against the agency's handling of crypto regulation, calling it a "disaster" for the industry. During an appearance on the Fox Business show "Mornings with Maria," Uyeda criticized...