Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security. In a motion filed on July 25 and heard before the United States Bankruptcy Court Southern District New…
PayPal recently released stablecoin PayPal USD (PYUSD) is facing challenges gaining traction, on-chain data reveal. According to findings from blockchain analytics firm Nansen, roughly 90% of PYUSD is currently held in stablecoin issuer Paxos Trust’s wallets. Holdings on crypto exchange wallets stand at nearly 7% of the total supply, according to the report, with balances on Kraken, Gate.io and Crypto.com.…
Chairman of the House Financial Services Committee Patrick McHenry today claimed that the Biden Administration was trying to “kill” the digital asset industry in the U.S. with its new proposal for crypto tax regulations. McHenry (R-NC) said in a statement Friday that the new proposal was lacking clarity and urged for clearer rules. Top cryptocurrency exchanges may soon have to…
The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from NFT marketplace OpenSea, the floor price of Trump’s line of…
The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating. The proposed Form 1099-DA would “help taxpayers determine if they…
Cointelegraph analyst and writer Marcel Pechman breaks down consumer debt and why it might lead to a good outcome for BTC. Source: https://cointelegraph.com/news/does-high-us-consumer-debt-benefit-bitcoin-price
Popular battle royale shooter Fortnite went offline overnight in advance of its new season launch—and returned with an overhauled map along with a couple familiar faces in tow. Last Resort is the name of Chapter 4: Season 4, the latest in-game season of content for the Epic Games blockbuster, and the title teases out the theme. As part of the…
Since mid-2022, the privacy preserving Tor network has been plagued by denial of service attacks, making the network sluggish and—at times downright impossible to use. In its latest software release,Tor is aiming to “defend” against these attacks with proof of work, the same cryptographic mechanism that underpins and secures Bitcoin. Using proof of work in some manner to prevent attacks…
beginner Shiba Inu, a true phenomenon of the crypto and blockchain space, has launched its own mainnet — Shibarium. This release falls in line with the other actions taken by the ecosystem, all of which aim to create a comprehensive crypto platform for a thriving community. Shibarium is a blockchain layer 2 solution. But, before I talk about it and…
Bitcoin, taking inflation into account, has in fact been a solid store of value since 2017, commentators conclude. Source: https://cointelegraph.com/public/index.php/news/bitcoin-worth-less-20k-2023-us-inflation
