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“# Luxembourg PM wants nation to be the ‘digital frontrunner’ in blockchain ” One of the smallest countries in Europe is aiming to be comparatively progressive in its adoption of blockchain and cryptocurrencies, according to the nation’s leadership. Speaking in a pre-recorded message to attendees of the Luxembourg Blockchain Week conference, Prime Minister Xavier Bettel…
“# Paxos receives ‘preliminary conditional approval’ for US bank charter ” The U.S. Office of the Comptroller of the Currency (OCC) has granted today stablecoin company and PayPal collaborator Paxos a federal charter to form a national trust bank — just the third such charter the OCC has granted crypto-native companies. Paxos joins custody firm…
“# Governing body of Louisiana gives Bitcoin its nod of approval ” Bitcoin has gained increasing levels of adoption over the past several months amid its rise past $60,000. The government of the U.S. state of Louisiana recently released a resolution in which it noted some of Bitcoin’s (BTC) accomplishments. “THEREFORE, BE IT RESOLVED that…
“# Turkish crypto exchange halts trading amid reports of police raid ” Major Turkish cryptocurrency exchange Thodex has abruptly halted trading and withdrawals amid reports of police raids, Cointelegraph Turkey reported on Thursday. Thodex posted an official announcement on Twitter on Thursday, informing users that it has halted transactions for a period of four to five…
“# Coinbase hires former Google Pay exec to lead India operations ” Coinbase, a major cryptocurrency exchange that went public on Nasdaq earlier this month, continues to actively expand in India with a new hire. The cryptocurrency exchange has hired Pankaj Gupta, a former Google Pay engineering lead in India and Asia Pacific, as the…
“# Norwegian authorities urge crypto users to declare earnings on upcoming return ” The Norwegian Tax Administration has issued a warning to crypto traders in advance of Norway’s April 30 deadline to file tax returns. According to a notice from the Norwegian Tax Administration on Wednesday, the government agency advises all taxpayers who owned or…
“# Ethereum price moves toward new highs even as pro traders turn bearish ” The price of Ether (ETH) fell by 19.6% on April 18, resulting in the quick liquidation of $1 billion in long futures contracts. Despite the size of this record liquidation and its impact on Ether’s price, the futures open interest remained…
“# Binance has appointed new head of ‘Greater China’ ” Following the high-profile appointment of Brian Brooks to CEO of Binance.US, it has come to light that the Malta-based parent company has reshuffled its executive leadership by appointing Terence Zeng as head of Greater China. Zeng reportedly graduated from John Hopkins University and possesses a…
“# Ohio senator wants clarity for crypto tax reporting in proposed bill ” A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings. In an interview with CNBC’s Squawk Box today, Senator Rob Portman said he hoped to introduce a bill…
“# Crypto users demand reinstatement of Pakistani government adviser following sudden resignation ” Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On Saturday, Bangash, the science, technology, and information technology adviser to Mahmood Khan, the chief minister of the Khyber…