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Crypto News
China’s crypto ban might be eased by US threats to block Chinese banks worldwide
The US administration is considering sanctioning certain Chinese institutions in response to intensifying geopolitical tensions.
The goal of these actions is to cut these institutions…
Coca-Cola and Microsoft fund generative AI venture with $1.1 billion
The Coca-Cola Company and its global network of independent bottlers will benefit from Microsoft's AI innovation efforts via Azure OpenAI Service and Copilot for Microsoft 365.
Microsoft…
U.S. official demands three years in prison for Binance CEO CZ
U.S. Department of Justice officials have recommended that Binance founder Changpeng Zhao (CZ) serve 36 months in prison for violations of the Bank Secrecy Act.
The guy behind Binance,…
IRS Takes Major Steps Towards Taxing Crypto
The IRS has introduced Form 1099-DA specifically for cryptocurrency, which will increase openness.Brokers are required to file Form 1099-DA beginning in January 2025.
The introduction of…
El Salvador Claims Cybercriminals Leaked Bitcoin Wallet Code
The hacker collective CiberInteligenciaSV began distributing the wallet's source code after leaking the whole Chivo user database in early April.
Hackers are releasing more sensitive…
PayPal cuts NFT protections and Adidas NFT sneakers
On May 20, PayPal will implement new rules that will exclude NFTs from its consumer and seller protection coverages.
In order to facilitate transactions using nonfungible tokens (NFTs),…
Celo chooses optimism as it moves to L2
In its move to an Ethereum L2, Celo has opted for Optimism's OP Stack.
The Celo blockchain's development team, cLabs, has formally suggested using Optimism's OP Stack to migrate from a…
Hong Kong authorities advise that the crypto sector self-regulate
"Many economically successful countries around the globe have created statutory, semi-official industry self-regulatory agencies to concentrate on industry growth," the Hong Kong regulators…
Thailand will prevent access to “unauthorized” cryptocurrency platforms
The Thai SEC referenced previous actions taken by countries such as the Philippines and India to prohibit unauthorized platforms.
The authorities have urged people to swiftly remove…
RFK Jr. proposes storing the whole US budget on a blockchain
Robert F. Kennedy Jr. has pledged to use Bitcoin (BTC) to support the value of the US dollar if elected president, and he is a vocal proponent of decentralized technology and Bitcoin.
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