Coin Center takes US Treasury to court over alleged financial spying
Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate.
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Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption
Circle and CYBAVO intend to further promote the adoption of USD Coin and Web3 applications while integrating technology deeply into their core product suite.
Finance Redefined: Number of DAOs surge, Solana launches $100M DeFi fund
The past week in DeFi saw the launch of another $100M fund by Solana and the number of DAOs surged over 8X with increased protocol activity.
US Treasury Secretary Yellen: Crypto is Not Suitable Option for Retirement
Janet Yellen – an American economist who serves as the 78th US Secretary of Treasure – believes people should not rely on investing in cryptocurrencies as part of their retirement…
Bitcoin Miners in Washington Will Have To Pay 29% More For Their Electricity
Bitcoin mining is about to become way harder for US-based miners, not because of the automatic difficulty adjustments but because of local politicians. This time, the state of Washington announced…
Bitcoin Bank Custodia Sues The FED For Delaying Its Master Account Application
Digital banks keep dealing with a lot of painful regulatory measures and impediments when applying for their operating permits; however, in this case, the Bitcoin Bank Custodia decided to deal…
Senator Cynthia Lummis’ Bill and What Does it Mean for Bitcoin
Sen. Cynthia Lummis (R-WY) has revealed a sweeping U.S. crypto legalization and regulation bill. Her lead advisor for the initiative, MicroStrategy CEO Michael Saylor, believes bitcoin is a commodity, not…
Former US Solicitor General to Aid Grayscale’s Bitcoin ETF Efforts
The world’s largest digital asset manager – Grayscale – hired Donald B. Verrilli as additional legal counsel. With his help, the firm aims to receive the SEC’s approval and finally…
Binance Reportedly Faces Probe From the US SEC Over BNB’s Sale
Cryptocurrency exchange giant Binance is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC), which is probing the sale of the crypto company’s native coin BNB. According to…
A life after crime: What happens to crypto seized in criminal investigations?
Like with any kind of property, law enforcement has the right to sell your coins and spend the money.
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