Germany-Led Group Wants a New EU Watchdog to Regulate Crypto Firms
The European Union is planning to dote its planned anti-money laundering and terrorist financing watchdog with powers related to oversight over cryptoasset businesses, according to "people familiar with the matter." The designed authority is to be launched in 2024 and become fully operational two years later.
Bitcoin Pushes Higher Again with Ukraine War Turning into ‘Great Test Case’ for BTC
Bitcoin (BTC) and the broader crypto market continued to rise strongly today, as more analysts drew a parallel between the current market action and bitcoin’s role as sovereign money in a world heavily impacted by war and sanctions. According to the crypto exchange Bitfinex, the war in Ukraine could prove to be the first “great test case” for bitcoin.
Bitcoin and Ethereum Stuck in a Range, Small Altcoins Rally
Bitcoin price traded to a new weekly low near USD 37,200. Ethereum tested the USD 2,440 support, XRP remained above USD 0.70. WAVES rallied 23%, ZEC and AR jumped more than 13%.
Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
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US Proposed Unrealized Gains Tax May Become ‘Penalty for Being Successful’ in Crypto
The proposed 20% tax on unrealized gains put forward by the US Department of Treasury’s 2023 Revenue Proposal could potentially become a “penalty for being successful,” according to Shehan Chandrasekera, Head of Tax Strategy at crypto tax software specialist CoinTracker.
Sky Mavis Raises USD 150M, HSBC & Metaverse, BitPay Adds Bitcoin Lightning Network +...
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Russian Tax Body Suggests Allowing Crypto Pay in Trade Deals, Digital Ruble May Be...
The Russian tax agency reportedly wants to allow companies involved in cross-border trade to accept crypto as a form of payment – and pay foreign exporters in cryptoassets. And the Central Bank has claimed that its digital ruble could be ready as soon as next year.
EU Decision-Makers Kick Off Negotiations On Controversial ‘Unhosted Wallets’ Regulation
As the members of the European Parliament have launched the final round of negotiations on the controversial Transfer of Funds Regulation (TFR) today, the crypto industry hopes to impact the legislative proposal’s wording through a lobbying campaign aimed at the European Union’s lawmakers.
SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News
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China’s Global Bitcoin Hashrate Share Leaps up from Zero to Over 21% – Report
The latest Cambridge Bitcoin Electricity Consumption Index (CBECI) hashrate figures will make interesting reading for anyone in the bitcoin (BTC) mining space.