US IRS Plans to Tax Staking Income
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
Galaxy Digital CEO Mike Novogratz Gives Reasons to Buy BTC
Due to a rapid rise in US public debt, Mike Novogratz, CEO of Galaxy Digital, believes that purchasing Bitcoins is a form of capital protection.
Major Banks Are Beginning to Acknowledge BTC’s Potential: Michael Saylor
Michael Saylor, CEO of MicroStrategy, has recently expressed his conviction that major banks are beginning to acknowledge the huge potential of Bitcoin.
SEC Urges Coinbase to List Only BTC Ahead of Lawsuit
After a lawsuit was filed by the SEC against Coinbase, CEO Brian Armstrong spoke with the Financial Times about the demand placed by the agency to remove any crypto asset other than Bitcoin from the listing.
Tim Draper Compares Bitcoin and Fiat Money
Tim Draper believes that Bitcoin has already become part of the global financial system and has the potential to reach $250,000 by 2025 due to its decentralized nature.
Security Firm SlowMist Discovers New Type of Attack on Crypto Exchanges
SlowMist experts have uncovered an attack that uses fake transactions to crypto exchanges.
Quantstamp Agrees to Pay $28M to Securities and Exchange Commission
Blockchain security firm Quantstamp has agreed to a cease-and-desist order and pay the SEC a total of $1.97 million, including pre-judgment costs of $494,314 and a civil penalty of $1 million.
