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Blockchain Association urges Congress to revoke IRS DeFi rule
The Blockchain Association and 75 members have petitioned Congressional leaders to repeal a recent Internal Revenue Service (IRS) regulation that threatens to drive the U.S. decentralized finance (DeFi) offshore. The Blockchain Association also pointed out in a letter to the leaders of both houses and parties that the IRS rule extends the definition of a […]Cryptopolitan
Thu, Feb 20
Crypto Tax Incoming: Nigeria Eyes Digital Assets For Revenue Boost
Nigeria’s governance of digital assets has progressed with the enactment of its taxation policy on digital currency transactions, as reported. The government’s aim is to improve revenue collection and incorporate digital assets into its fiscal system by levying a 10% tax on capital gains...Bitcoinist
Thu, Feb 20
Trump eyes 25% Tariffs on semiconductor chips
Donald Trump recently mentioned that he would impose tariffs of around 25% or more on semiconductor imports. An announcement will come as soon as 2nd April. The president’s recent comments at his Mar-a-Lago club specified various sectors for possible tariffs, including chips, pharma, and automotive. When reporters asked him about upcoming levies on semiconductor chips, Trump […]Cryptopolitan
Thu, Feb 20
Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say
Crypto wallets linked to Libra withdrew from liquidity poolArgentina President Javier Milei promoted Libra token FridayLibra token rose to $4.50 before plummeting By Elizabeth Howcroft and Hannah Lang Feb 19 (Reuters) - Around $99 million worth of cryptocurrency was withdrawn from the marketplace...Reuters
Thu, Feb 20
Is a $1 Price Target Realistic? Analysts Weigh In on This $0.01 Token
Finding a cryptocurrency with the potential for massive growth is every investor’s goal, and some analysts believe Mutuum Finance (MUTM) will be one of those rare opportunities. With its decentralized lending platform and growing investor interest, discussions have begun on whether this $0.01 token will eventually hit $1. Mutuum Finance has already gained momentum in […]Cryptopolitan
Wed, Feb 19
Solana-based derivatives DEX 01 relaunches as N1 with Arthur Hayes and VC support after two-year hiatus
Two years ago, the Solana-based derivatives decentralized exchange, 01 went on an indefinite hiatus until today when it announced that it will relaunch as N1. According to a post from its co-founder Dima Romanov, the exchange will have the support of Arthur Hayes and some other VCs. Further into the post, Dima also revealed a […]Cryptopolitan
Wed, Feb 19
Braza launches Brazilian real-pegged stablecoin on XRPL
Braza, a financial technology group, has disclosed that it will release a new stablecoin associated with Brazilian Real and run it on the XRP Ledger (XRPL). The digital asset is likely to be out in the market by the first quarter of this year as part of the firm’s Braza On app. Marcelo Sacomori, the […]Cryptopolitan
Wed, Feb 19
US regulator withdraws appeal of rule on Treasury markets
By Carolina Mandl NEW YORK, Feb 19 (Reuters) - U.S. Securities and Exchange Commission has decided to withdraw its appeal of a decision by a federal judge late last year to vacate an overhaul of Treasury dealer rules, according to a court document filed on Wednesday.One year ago, the SEC under Ch...Reuters
Wed, Feb 19
BRIEF-Stronghold Urges Stockholders To Follow The “For” Recommendation Of ISS And Glass Lewis And Support The Pending Merger With Bitfarms At The Upcoming Special Meeting
Feb 19 (Reuters) - Bitfarms Ltd BITF.TO:STRONGHOLD URGES STOCKHOLDERS TO FOLLOW THE “FOR” RECOMMENDATION OF ISS AND GLASS LEWIS AND SUPPORT THE PENDING MERGER WITH BITFARMS AT THE UPCOMING SPECIAL MEETINGSource text: ID:nGNX5ykgxwFurther company coverage: BITF.TOReuters
Wed, Feb 19
86% of crypto traders lost money to president Javier Milei’s rug pull
Javier Milei’s crypto stunt wiped out $251 million in trader losses overnight. The Argentine president endorsed a Solana-based memecoin, $LIBRA, on Friday, pushing its value to $4.5 billion before it collapsed. According to a research note from Nansen today, 86% of all traders who invested in $LIBRA lost money, while a handful of insiders walked […]Cryptopolitan
Wed, Feb 19
SEC voluntarily dismisses it case with Blockchain Association and CFAT
In a major development in the crypto industry, the Securities and Exchange Commission (SEC) has voluntarily dismissed its appeal of the lawsuit challenging the dealer rule which was brought by the Blockchain Association (BA) and the Crypto Freedom Alliance of Texas (CFAT). The move marks a significant victory for the entire crypto industry while it […]Cryptopolitan
Wed, Feb 19
Cardano adopts new constitution
Cardano has formally adopted its Constitution, which is one step closer to providing decentralized governance. Founder Charles Hoskinson announced the milestone in a video broadcast on Tuesday, stating that the final version of the Constitution replaces the interim one. The ratification vote saw 85% of the participants supporting the new Constitution. While 6.62% of participants were […]Cryptopolitan
Wed, Feb 19
Czech Bank governor acknowledges Bitcoin’s potential despite volatility
The governor of the Czech National Bank (CNB), Aleš Michl, has called on central banks to study Bitcoin rather than condemn it, noting that they could greatly benefit from this. Michl made the comments on X, noting that Bitcoin is different from all other digital assets. According to Michl, Bitcoin is unlike every other digital […]Cryptopolitan
Wed, Feb 19
How Close Is Bitcoin To A Bear Market? This Historical Level May Contain Hints
A Bitcoin on-chain level has historically served as the boundary for bear markets. Here’s how far the asset’s price is currently from this line. Bitcoin Is Above Realized Price Of All Major Cohorts Right Now In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed where ...NewsBTC
Wed, Feb 19
