Category: Crypto

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Ukraine Funds Terrorists with Cryptocurrency, Russia Claims

Cryptocurrency and Geopolitical Tensions: The Moscow Concert Hall Attack In a surprising twist to the ongoing geopolitical conflicts, Russia’s investigative agency has levied serious allegations against Ukrainian nationalists, accusing them of funding a terror attack on Moscow’s Crocus City Hall through cryptocurrency. This incident marks a new chapter in the use of digital currencies in […]
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Coinbase SEC Lawsuit Advances After Judge Denies Dismissal

On March 27, Judge Katherine Polk Failla of the US District Court for the Southern District of New York decided the legal battle between the US Securities and Exchange Commission (SEC) and Coinbase can move forward. The judge’s verdict was delivered following Coinbase’s attempt to have the SEC’s lawsuit dismissed. This lawsuit claims the exchange […]
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Crypto Mining Legalization Under Review by Russian Government Authorities

Russian government agencies might be getting ready to officially recognize the practice of large-scale cryptocurrency mining. Yet, there’s still potential for a significant obstacle from a key government body. For a long time, miners have been requesting that Moscow formally acknowledge mining as a legitimate business activity. This month, they have proposed a new law […]
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Ripple’s CTO Urges Caution: Know AMM Risks Before Depositing!

Story Highlights Ripple’s technical lead alerts users to the risks of Automated Market Maker (AMM) deposits, advising caution. It’s recommended that users equally fund both assets in AMMs for a safer investment strategy. Schwartz discusses how trading issues arise when AMM liquidity doesn’t match deposit amounts. Ripple’s digital currency, XRP, is introducing an exciting development: […]
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IRS Gets Serious: First Prosecution for Crypto Tax Evasion

IRS’s Initial Prosecution for Crypto Tax Evasion Highlights Strengthened Enforcement Efforts A recent case involving crypto tax fraud underscores the IRS’s increased focus on enforcing tax laws in the cryptocurrency sphere. In a significant move, the agency, in collaboration with the Department of Justice, pressed criminal charges against Frank Richard Ahlgren III of Austin, Texas, […]
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India’s Market Regulator Urges Instant Settlements to Compete with Crypto

SEBI Chief Madhabi Puri Buch highlights the need for instant settlement in traditional markets to prevent investors from shifting to cryptocurrency. SEBI’s head states traditional markets need instant settlements to compete with crypto. “Investors are likely to move to crypto if traditional markets cannot offer tokenization and instantaneous settlement,” said SEBI’s Madhabi Puri Buch. The […]
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SafePal Partners with Swiss Bank to Bring Banking Services to Crypto Wallet Users

SafePal, a provider of crypto hardware wallets, has strategically invested in Swiss bank Fiat24, aiming to offer users a banking gateway for digital asset payments and compliant fund transfers. This collaboration aims to expedite the integration of cryptocurrency into everyday transactions. Users can create individual, fully compliant bank accounts and utilize the USD Coin (USDC) […]
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