A rule to scrap a U.S. Internal Revenue Service rule targeting decentralized finance platforms has cleared the Senate, setting the stage for the president’s expected sign-off. On March 26, the Senate voted 70-28 in favour of repealing the controversial DeFi broker rule, which sought to expand tax reporting requirements for businesses in the sector. Earlier…
crypto.news caught up with CoinW Chief Strategy Officer Nassar Achkar to discuss the current crypto market climate, Bitcoin’s possible trajectory, ongoing macro tensions, and the beleaguered altcoin landscape. Bitcoin (BTC) broke below $81,000 again on March 10, falling 5% in the past 24 hours amid a broad market downside, while the total crypto market capitalization…
1,200+ web3 startups, billions in investment, yet zero regulatory clarity — how long can India’s blockchain industry survive without clear rules? India’s web3 boom A few years ago, India’s blockchain scene was a playground for retail traders testing the waters with crypto assets. Today, it’s a different story. The India Web3 Landscape Report 2024, published…
The New York Stock Exchange has submitted a proposal to the U.S. Securities and Exchange Commission to allow staking for the Bitwise Ethereum exchange-traded funds. According to a Mar. 20 filing with the SEC, the proposal seeks regulatory approval to integrate staking into the ETF’s structure. This amendment, if approved, would allow the fund to…
Latin America-focused crypto trading and payments platform TruBit announced the launch of Earn+ powered by Morpho. Earn+ is a new feature that offers high-yield decentralized finance lending opportunities to users across Latin America. The integration aims to democratize access to passive income tools by combining a user-friendly experience of centralized finance with the yield-optimized engine…
Physical Bitcoin may seem like a curious concept to those new to the cryptocurrency world. After all, Bitcoin is a digital asset, right? However, in 2011, Mike Caldwell introduced the idea of physical bitcoins, essentially physical representations of the digital currency. Before this, Bitcoin was strictly a digital currency since its inception in 2009. Caldwell…
Cryptocurrency prices retreated slightly on March 27 after Donald Trump’s Liberation Day came early for global automakers. Bitcoin (BTC) fell below $86,000, while the total crypto market capitalization tracked by CoinMarketCap declined by 1.67% to $2.83 trillion. Meanwhile, the crypto fear and greed index remained in the fear zone at 38. The pullback in digital…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Stablecoins have come a long way since they first popped up. Now, they are moving steadily into the mainstream as both an everyday payment tool and a dependable store of value, filling…
The Senate Banking Committee has reportedly delayed its vote on the nomination of Paul Atkins as the next chair of the U.S. Securities and Exchange Commission Journalist and host of Crypto in America podcast Eleanor Terrett, shared this development via X. The former FOX Business reporter cited a Senate aide as the source of the…
Spot Bitcoin ETFs saw a massive surge in inflows on March 20, jumping over 1,300% in a single day after the U.S. Fed decided to keep interest rates unchanged, a move that helped ease market jitters surrounding inflation and broader economic uncertainty. According to data from SoSoValue, 12 spot Bitcoin ETFs collectively pulled in $165.75…
