Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on reducing tax exemptions. This shift follows concerns about the stock market and broader efforts to stabilize the economy […] Source: https://news.bitcoin.com/turkey-scraps-planned-crypto-tax-targets-economic-reforms/
Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and BRICS’s autonomy in global trade amid broader economic changes. Russia Announces Independent Payment System with BRICS for Foreign Trade During the Russian […] Source: https://news.bitcoin.com/putin-brics-nations-developing-own-payment-and-settlement-system/
Swan Bitcoin has accused several former employees of “stealing the crown jewels” from its Bitcoin mining business to create a “counterfeit competitor.” Source: https://cointelegraph.com/news/swan-bitcoin-sues-ex-staff-competitor-mining-firm-proton-tether?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A federal judge partially sided with the SEC, finding that Opporty and its founder, Sergii Grybniak, offered “unregistered securities” in their 2018 ICO. Source: https://cointelegraph.com/news/sec-scores-partial-win-blockchain-ico-fraud-suit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in digital currencies, including the launch of Paypal USD (PYUSD) and its integration with […] Source: https://news.bitcoin.com/paypal-rolls-out-crypto-features-for-business-accounts/
Worldcoin fined over privacy rules in South Korea, Hong Kong crypto trading store clerk scarpers with customer’s $500K in cash: Asia Express. Source: https://cointelegraph.com/magazine/worldcoin-fined-dmm-bitcoin-system-face-ban-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Billionaire Mark Cuban says that Vice President Kamala Harris’ team has told him “in no uncertain terms that they are against ‘regulation through litigation.’” He criticized U.S. Securities and Exchange Commission (SEC) Gary Gensler’s regulation by enforcement approach, asserting: “Gary Gensler is a blight on the technology community.” Mark Cuban Slams SEC Chair Over Crypto […] Source: https://news.bitcoin.com/mark-cuban-kamala-harris-opposes-regulation-through-litigation/
It’s been a good week for open-source AI. On Wednesday, Meta announced an upgrade to its state-of-the-art large language model, Llama 3.2, and it doesn’t just talk—it sees. More intriguing, some versions can squeeze into your smartphone without losing quality, which means you could potentially have private local AI interactions, apps and customizations without sending your data to third party…
A U.S. district court judge ruled Thursday that the money laundering case against Roman Storm shall proceed, denying the Tornado Cash co-founder’s motion to dismiss the high-profile case. The ruling delivered by Judge Katherine Polk Failla in the Southern District of New York found that prosecutors plausibly charged Storm with conspiring to operate an unlicensed money transmitter, facilitating money laundering…
BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. BNY Mellon Pushes Forward With […] Source: https://news.bitcoin.com/bny-mellon-engages-with-banking-regulators-to-offer-crypto-custody-services-at-scale/
