Cryptocurrency news
Binance.US taps MoonPay as banking alternative to regain USD ramps
After having its banking ties slashed, crypto exchange Binance.US has revived its United States dollar on-ramp through a new partnership with MoonPay. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay t...
Australian CBDC may be useful for payments, tokenization: Central bank
The Reserve Bank of Australia has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency. Australia’s central bank has completed its pilot of a central bank digital currency exploring use c...
Weekend Wrap: $50M NFT platform shutters, OpenSea's 'HUGE mistake' and more
The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee. NFT platform Recur shuts down despite $50M funding round Nonfungible token (NFT) platform Recur is winding down...
Oman financial regulator seeks feedback on proposed virtual asset framework
Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned. The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking publi...
Huobi’s Jun Du acquires 10 million CRV tokens to support Curve
Du said the existing challenges were transitory and that he believes the industry would benefit from collective support. Jun Du, the co-founder of Huobi, has purchased 10 million Curve DAO Tokens (CRV) for $4 million from Curve Finance founder Michael Egorov, who is seeking to d...
Ether ETFs pending — Grayscale, VanEck and others file SEC applications
A handful of United States asset managers have filed fresh applications to launch ETH futures ETFs. Six major asset managers, including Grayscale and VanEck, have filed fresh applications in a bid to launch Ether ETH $1,851 futures exchange-traded funds (ETF) to United States c...
Crypto staking rewards are taxable once received: IRS
The United States tax collector will require taxpayers to count staking rewards as gross income at the time they gain “dominion" over the tokens. United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new rul...
Australia’s Bendigo Bank blocks high-risk payments to crypto exchanges
Chainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated exchanges. Australia’s Bendigo Bank has become the fourth major bank in the country to announce blocks for “high-risk crypto payments,” citing the need to...
Missing crypto millionaire found dismembered in suitcase: Report
Fernando Pérez Algaba reportedly ran a crypto trading business in Argentina and is suspected to have been murdered by a professional outfit. A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after h...
Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print
Bitcoin casts off a U.S. GDP “nothingburger,” but DXY charges to two-week highs in what is traditionally a BTC price headwind.Bitcoin BTC $29,181 ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. Analyst warns of BTC pri...