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Benoit Coeure Reveals BIS Plan for CBDC Trial Starting in 2020

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How things have changed since spring of 2019, when Agustin Carstens, general manager of the Bank for International Settlements (BIS), was issuing his...

Election 2020: What’s at Stake for the Crypto Industry

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The 2020 U.S. presidential election will shape crypto policy for the next four years – even if no one’s actually pitching crypto-specific positions.While...

Tax Payers Needn’t Disclose Merely Holding Cryptos: IRS Draft 2020 Guidance

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The U.S. tax agency has clarified who needs to answer “yes” to a question over cryptocurrency activity included in the draft 1040 income...

PayPal Cuts Service to Crypto-Funded Domain Registrar Hosting Right-Wing Sites

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A report suggests the action may be over the firm's digital currency, Masterbucks. Source link

Tether Froze $300K of Stablecoin Hacked After Victims Left Wallet Keys in Evernote

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The U.S. government is pursuing a civil forfeiture claim on more than 300,000 units of the tether (USDT) cryptocurrency after they were reported...

Virgil Griffith’s Attorney Files Motion to Dismiss Sanctions Charges

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Virgil Griffith’s lawyer has filed a motion to dismiss the U.S. government’s charges that the Ethereum developer violated sanctions law by speaking at...

DeFi Still Needs a Silk Road Moment

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Mainstream criminal adoption would prove that decentralized finance (DeFi) is building tools with real utility, because if there’s any one group that is...

Vortex Blockchain’s Registration Revoked for Failure to File Reports With SEC

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The Securities and Exchange Commission said it accepted a settlement offer by Vortex Blockchain Technologies to have its registration revoked for failing to...

US Looks to Cast Wider Money Transfer Dragnet

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The Federal Reserve, the U.S.’s central bank, published a proposed rule change Friday asking about the recording requirements for money transfers involving virtual...

What It Means if Companies Like Twitter Are ‘Systemically Important’ to Financial Regulators

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When I first suggested Systemically Important Social Media Institutions (SISMIs) were the social media parallel to Systemically Important Financial Institutions (SIFIs), I did...

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Bitcoin Is Superior to Gold

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A report published by leading U.S.-based crypto exchange, Coinbase, has argued that Bitcoin (BTC) offers a distinct advantage over gold. They state that...

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BTC hash rate slumps amid seasonal miner migration in China

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Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners...