IRS introduces broader ‘Digital Assets’ category ahead of 2022 tax year
An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital...
TheCryptoNewsWire
India ranks third in the world in terms of Web3 workforce size: Report
There are currently 450 Web3 startup in the country, including four unicorns. According to a new study published by the...
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy...
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister...
EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto...
Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is...
Major client demand the ‘tipping point’ for BNY Mellon’s crypto services
BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were...
German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
Nuri will maintain crypto trading services until the end of November, and has encouraged users to withdraw their assets before...
Moola Market attacker returns most of $9M looted for $500K bounty
The attacker has scored about a half-million dollar “bug bounty” after choosing to return a majority of the cryptocurrency they...
Nifty News: Top 10 CryptoPunks wallet lays dormant, house sells on OpenSea, and more
A dormant nonfungible token (NFT) wallet from 2017 with 141 CryptoPunks has been found to have minted the now ludicrously...
‘Cryptoqueen’ associates face German court for role in $4B OneCoin scheme
The whereabouts of “Cryptoqueen” Ruja Ignatova are still unknown but the charges against OneCoin members are starting to pile up....
BTC energy use jumps 41% in 12 months, increasing regulatory risks
Despite the European Union rejecting a proposal banning crypto mining earlier this year, more regulations could soon be implemented to...
Jack Dorsey unveils decentralized social with algo choice and portable accounts
The long-awaited “Bluesky Social” app is now accepting users for private beta and says it will “launch soon” Twitter co-founder...
Bank of America and JPMorgan Say US Economy Is Doing Well, Consumers Are in Good Shape Despite Inflation
Bank of America CEO Brian Moynihan and JPMorgan & Chase CEO Jamie Dimon both agree that the U.S. economy is...
Biden Says US Economy Is ‘Strong as Hell’ — White House Claims the President ‘Has Done the Work’ to Fix Inflation
U.S. President Joe Biden has been criticized for stating that the U.S. economy is “strong as hell” as inflation rises...
