The U.S. House Ways and Means Committee is scheduled to convene a hearing to debate a series of proposed cryptocurrency tax legislation. This development signifies a crucial step in defining the tax treatment of digital assets, a topic that has…
The Stellar Development Foundation has detailed a strategic three-stage initiative to fortify the XLM network against the emergent threat posed by quantum computing. This proactive measure highlights a growing industry-wide concern regarding a technological paradigm shift that could potentially compromise…
Shareholders of Strategy, a company involved in the digital asset space, have approved a significant shift in its dividend distribution policy for its STRC preferred stock. The company announced that the dividend payments, previously issued on a monthly basis, will…
TON Strategy, a publicly traded company that has centered its treasury operations on The Open Network’s (TON) native token, Toncoin, reported significant staking rewards for May while also supporting recent network enhancements. The company disclosed preliminary gross staking yields of…
Backpack US, a cryptocurrency exchange, has announced the appointment of Michael S. Piwowar, a former Acting Chairman of the U.S. Securities and Exchange Commission (SEC), to its board of directors. This strategic move coincides with Backpack’s expansion into regulated financial…
Crypto market maker GSR has secured approval from the Financial Industry Regulatory Authority (FINRA) to finalize its acquisition of broker-dealer Equilibrium Capital Services. This development signifies a strategic move by GSR to bolster its regulated U.S. operations and expand its…
Zodia Custody Expands EU Stablecoin Services with Luxembourg Payment Institution License Zodia Custody has obtained a payment institution license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This regulatory approval empowers the firm to offer regulated custody and transfer…
Strategy has acquired an additional 1,550 Bitcoin (BTC) for approximately $101.3 million, with an average purchase price of $65,332 per BTC, as detailed in a recent filing with the Securities and Exchange Commission. This latest acquisition, made between June 1…
Co-Conspirator Pleads Guilty in Bitcoin-Related Kidnapping and Carjacking Scheme Saif Faiq has entered a guilty plea in a federal court in Hartford, Connecticut, for his role in organizing a complex kidnapping and carjacking operation stemming from a cryptocurrency dispute. The…
JPMorgan analysts have expressed a cautious outlook on digital assets, suggesting that Strategy (formerly MicroStrategy) may need to bolster its dollar reserves to regain investor confidence following its recent sale of 32 bitcoin. This move, although described as symbolic and…