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” WEF 2022: Bitcoin should be seen from an innovation perspective, says Miami mayor “ Miami mayor Francis Suarez believes that Bitcoin (BTC) should be seen from an innovation perspective rather than just as an investment asset. Suarez’s comments came during his discussion on “The Future of Crypto” on the third day of the ongoing…
” Bitcoin stands apart from other crypto, and what that means for US public policy “ United States President Joe Biden’s executive order on digital assets has kickstarted an interagency mission to support financial innovation while protecting American consumers and interests. While many industry leaders welcome the constructive tone, some critics hope for a crackdown….
” Bitcoin bulls aim to flip $30K to support, but derivatives data show traders lack confidence “ Bitcoin (BTC) bounced 19% from the $25,400 low on May 12, but has investor confidence in the market been restored? Judging by the ascending channel formation, it’s possible that bulls at least have plans to recover the $30,000…
” The meaningful shift from Bitcoin maximalism to Bitcoin realism “ There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but Bitcoin was their settlement coin of choice. Things have changed. Stablecoins now constitute a critical $150 billion pillar in…
” UK Court recognizes NFTs as ‘private property’ — What now? “ At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible tokens (NFT) represent “private property.” There is a…
” SEC’s Hester Peirce says new stablecoin regs need to allow room for failure “ Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s (SECs) “crypto mom” — has backed a regulatory framework for stablecoins that allows “room for there to be failure.” Speaking at an online panel on May 12 hosted…
” Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free “ The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and individual taxpayers now have clear direction on the tax requirements for acquiring, trading…
” Bitcoin fights to hold $29K as fear of regulation and Terra’s UST implosion hit crypto hard “ Bitcoin (BTC) price initially bounced from its recent low at $29,000 but the overall market sentiment after a 25% price drop in five days is still largely negative. Currently, the crypto “Fear and Greed Index,” which uses…
” Bank of Israel claims ‘public support’ for its CBDC project “ Despite the fact that it still hasn’t made a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive. According to Reuters, on Monday, The Bank of Israel summarized the…
” Industry experts weigh in on SEC hiring more crypto cops “ The United States Securities and Exchange Commission (SEC) is seeking to hire more people to focus on digital assets, raising the number of personnel charged with safeguarding investors in cryptocurrency markets almost twofold. The SEC’s Cyber Unit, which comprises the Crypto Assets and…