Senate representatives Elizabeth Warren and Charles Grassley have penned a missive to CFTC chairman Rostin Behnam requesting details about any past communications he may have had with Sam Bankman-Fried, former CEO of the now-defunct cryptocurrency exchange FTX. The duo aims to reiterate their demand for this information, referencing a previous letter from Senator Josh Hawley … Read more
Have you finished your 2023 taxes? April 15 was filing day in the United States, so to honor the day, we checked in with four tax professionals to get their best tips for American cryptocurrency holders and expatriates. Robert W. Wood, tax lawyer at Wood LLP: Feel free to file for an extension to Oct … Read more
Last week, Bitcoin (BTC) experienced significant selling, causing its price to drop. However, an encouraging sign emerged when the price approached $61,000, with buyers stepping in to make purchases. This behavior indicates that investors remain optimistic about Bitcoin and consider the price decreases as opportunities for buying rather than reasons for concern. Yet, the Bitcoin … Read more
Solana is set to undergo continuous upgrades and transition from “beta” to “final” version. Market watchers have different price targets from $500 to $1000. April 15th was the day Solana (SOL) applied an update to alleviate network congestion. Notably, this improvement is included in the prearranged schedule for validators, preparing the mainnet network for its … Read more
The Bank for International Settlements has put forth its most compelling case to date for the adoption of unified ledger technology in a jointly authored paper with BIS head Agustin Carstens. This document outlines a new financial system, referred to as the Finternet, which relies on unified ledgers as a fundamental component. it’s more adaptable … Read more
The Filecoin Foundation, a non-profit organization that supports the growth of the Filecoin project – a Web3 storage protocol, announced via a social media post by senior fellow Danny O’Brien on April 13, that they have a legal representative in China and are currently looking into reports regarding the detention of members from the Filecoin … Read more