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“# Wharton accepts crypto payments for blockchain program tuition fees ” Crypto adoption scores another win with the Ivy League University of Pennsylvania, but there’s a catch. The Wharton School, one of the premier business schools in the United States, will accept Bitcoin (BTC) and other forms of cryptocurrencies for tuition fees, Bloomberg reports. However, the adoption…
“# Biden’s pick for CFTC chair wants the agency to be a ‘beat cop’ with the authority to oversee 60% of digital asset market ” Acting chairperson of the Commodity Futures Trading Commission, or CFTC, Rostin Behnam has likened the government agency’s enforcement of the digital asset space to a beat cop on duty. At…
“# Privacy or policy? Why Facebook’s crypto wallet, Novi, is facing resistance ” The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies have. But, when Facebook launched its cryptocurrency wallet Novi using Paxos’ stablecoin, some United States senators were quick to oppose it….
“# Puerto Rico sees resurgence of interest among crypto rich ” The United States territory of Puerto Rico is seeing a resurgence of interest among crypto investors attracted by the fact it doesn’t charge federal income tax and eligible investors can pay zero taxes on their crypto gains. Under local law Act 22, those who…
“# US regulators are exploring policy for banks to handle crypto, says FDIC chair ” Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation, or FDIC, has said the agency is working with other regulators in the United States to explore “under what circumstances banks can engage in activities involving crypto assets.” In a…
“# The Sioux Energy Center has mined 20 Bitcoin in secret since April ” Electric services provider Ameren Corporation announced Monday that it has successfully mined upward of 20 Bitcoin (BTC) using excess energy generated by one of its coal-based power plants — the Sioux Energy Center in West Alton, Missouri. While the company set…
“# Why now? SEC took eight years to authorize a Bitcoin ETF in the US ” Eight years in the making, the United States Securities and Exchange Commission’s (SEC) silent approval of a Bitcoin (BTC) exchange-traded fund (ETF) last week elicited a wave of exuberance in the crypto space and sent the price of the…
“# Crypto investments a financial backup for Facebook whistleblower ” Frances Haugen, a former Facebook employee turned whistleblower, revealed that her refuge in Puerto Rico is currently being supported by an auspiciously timed cryptocurrency investment. Haugen worked as a Facebook product manager before accusing the company of spreading controversial and insensitive misinformation. She allegedly possesses…
“# CFTC reportedly investigating decentralized prediction platform Polymarket ” New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC). According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating whether Polymarket is allowing its customers to trade binary options and swaps…
“# Crypto in the crosshairs: US regulators eye the cryptocurrency sector ” In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. Lately, news headlines are focused…