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MicroStrategy, a business intelligence firm helmed by prominent Bitcoin advocate Michael Saylor, faces potential federal tax liabilities on its extensive Bitcoin holdings, estimated at $47 billion, according to a Wall Street Journal report on Friday. MicroStrategy suddenly has a tax problem…
The US Securities and Exchange Commission (SEC) has revoked the controversial Staff Accounting Bulletin – SAB 121, days after Gensler’s resignation. The rule gained widespread criticism for asking banks that hold crypto to record them as liabilities in their balance sheets.…
Nemil Dalal, Head of the Coinbase Developer Platform (CDP), joined the Cryptonews Spotlight podcast to discuss how AI and blockchain are converging, the role of crypto in mainstream adoption, and how Coinbase is making onchain development accessible for everyone. Bringing the…
After just four days in office, President Donald Trump signed an executive order on January 23, 2025, seeking to establish the United States as a leader in the global cryptocurrency market. The order introduces a roadmap for regulating digital assets while…
Goldman Sachs CEO David Solomon believes the US dollar will remain unmatched by Bitcoin. Speaking with CNBC’s Andrew Ross Sorkin at Davos on Wednesday, Solomon described Bitcoin as a speculative asset. However, he stated that it cannot surpass the dollar, which…
Elizabeth Warren on Wednesday accused President Donald Trump and his wife of unethical behavior through their latest memecoin ventures. She urged federal regulators to investigate potential ethics violations, underscoring the need for accountability. Last week, just ahead of his inauguration as…
David Balland, co-founder of Ledger, a French crypto hardware wallet manufacturer, was rescued after being kidnapped in central France on January 21, according to a January 23 report from Bloomberg. David Balland Freed Following Dramatic Crypto Kidnapping Reports indicate that Balland…
OKX said it has become the first virtual financial assets exchange to secure a pre-authorization under the Markets in Crypto-Assets Regulation (MiCA) on Thursday, paving the way for its expansion into the European market. A new alternative for Europe 🇪🇺 We’re…
The MMA fighter Lamberd Akhiadov received cryptoassets and US dollars worth $151,000 before “carrying out a terrorist attack” on December 31, 2022, Russian police say. Akhiadov was arrested on January 2, 2023, on suspicion of murdering a traffic control officer near…
Binance Labs, the investment arm of the cryptocurrency exchange Binance, has undergone a rebranding, officially becoming YZi Labs. With this rebranding, Binance intends to highlight its broader investment focus, which extends beyond blockchain technology to include artificial intelligence (AI) and biotechnology.…
OKX said it has become the first virtual financial assets exchange to secure a pre-authorization under the Markets in Crypto-Assets Regulation (MiCA), paving the way for its expansion into the European market. Upon receiving the full MiCA license, OKX said it…
President Donald Trump has ventured into the cryptocurrency space with the launch of his official meme coin, TRUMP, which launched on January 17. The coin has quickly gained attention across the crypto community. According to the project’s official page, TRUMP aims…