White House Proposes 30% Excise Tax Targeting Crypto Mining Firms
The White House is set to impose a 30% excise tax targeting crypto mining activities. In the report issued on Tuesday, May 2, Biden's administration...
Nigeria Approves National Blockchain Policy to Promote Digital Economic Development
Nigeria is one of the major exporters in the international markets with products like Cocoa beans, Crude Petroleum, and Gas, among others such as special...
Crypto Exchange Bybit Announces to Offer Crypto Lending Services
Some noteworthy changes are happening in the cryptocurrency sector within the US jurisdiction at present. One such change was noticed in Dubai where Bybit, the...
Ohio Man Handed Four-Year Imprisonment for Brother’s $21M Bitcoins Theft
Gary James Harmon awaits a four-year imprisonment following the theft of his brother’s crypto assets that law enforcers attempted to seize. The United States Department...
Court Orders South African Bitcoin Trading Firm to Pay $3.4 Billion in Penalties for Forex Fraud
Commodity and Futures Trading Commission has recently churned out the biggest and heaviest fine on an operator for illegal Bitcoin dealings. As per the allegations...
Coinbase Launches Vigorous Response to SEC’s Wells Notice
The San Francisco-headquartered crypto exchange submitted a counter-response to the Wells Notice served by the US Securities and Exchange Commission (SEC). Coinbase's statement conveyed on...
Hong Kong Regulators to Issue Cryptocurrency Exchange Guidelines in May
The biggest financial regulatory agency in Hong Kong is the Securities and Futures Commission which oversees the native stock market. At present, where the cryptocurrency...
New Report Shows Russia Becomes the Second-Largest Crypto Mining Hub After the US
New data projections concerning the total number of hash rates in the world are pointing to a visible change in the pattern. These projections entail...
Paxful CEO Says He Will Not Escape with Funds Before Resignation
Ray Youssef, a Bitcoin marketplace called Paxful’s co-founder, has claimed that the company will be administered by a custodian. In addition to this, he also...
OpenAI’s CTO Admits the Need to Involve Government Regulators’ Oversight in AI
A top-ranked executive at OpenAI admitted the need to involve government regulators when designing and implementing oversight over artificial intelligence projects. Mira Murati, who currently...