Roman Storm, one of the co-founders and developers behind the cryptocurrency mixing service Tornado Cash, appeared in a video interview as his US criminal trial is expected to begin in less than two weeks. In an interview released Wednesday by Crypto In America, Storm said his legal team intended to address at trial the allegations…
Read more
US Senator Cynthia Lummis submitted a draft bill on Thursday, outlining several provisions to overhaul the tax code and exempt certain digital asset transactions from taxation after crypto amendments failed to appear in the budget package. The bill proposes a de minimis exemption for digital asset transactions and capital gains of $300 or less, with…
Read more
What if you could use your Bitcoin (BTC) to buy a house, fund a child’s education or invest in a new business, without ever selling it? In the latest episode of the Clear Crypto Podcast, the CEO of Lever, Jullian Duran, makes the case for a new kind of financial firepower; using Bitcoin not to…
Read more
The Monetary Authority of Singapore (MAS) has granted crypto exchange Bitstamp a license to provide services to residents of the Southeast Asian country, the company announced on Thursday. Bitstamp’s license is part of the exchange’s broader expansion into the Asia-Pacific (APAC) region, the company said. In June, MAS ordered all crypto exchanges serving overseas customers…
Read more
Key point: BTC’s rally above $109,000 has invalidated a bearish pattern, setting the stage for bulls to make a run at a new all-time high. Bitcoin (BTC) rallied sharply on Wednesday and is trying to continue its uptrend on Thursday, indicating sustained demand from the bulls. 10x Research head of research Markus Thielen told Cointelegraph…
Read more
A US government watchdog has recommended reforms to the Internal Revenue Service (IRS) criminal investigation division’s handling of digital assets, citing repeated failures to follow established protocols. In a Tuesday report, the US Treasury Inspector General for Tax Administration said its evaluation of the IRS Criminal Investigation (IRS-CI) revealed shortcomings around the seizure and safeguarding…
Read more
What is quantum technology? Quantum technology can process an enormous amount of data and solve complex problems in seconds rather than decades. Remarkably, quantum technology first appeared in the early 1900s. It originated from quantum mechanics, a branch of physics that examines how matter and energy behave at extremely small scales, such as atoms and…
Read more
Key points: Bitcoin quickly reversed gains as US nonfarm payrolls data beat expectations and unemployment fell more than thought. Analysis says that the Federal Reserve is now unlikely to lower interest rates at its July meeting. BTC price action still has to break through final liquidity to the upside. Bitcoin (BTC) saw flash volatility into…
Read more
Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries, including Bitcoin miners. Pakistan’s Secretary of Power Fakhre Alam Irfan told the Senate committee on energy that the IMF claimed such measures could distort the…
Read more
Benedikt Faupel, head of public affairs at Austrian crypto exchange Bitpanda, said Europe’s flagship crypto regulation still allows uneven implementation across the bloc. Faupel told Cointelegraph on the sidelines of the German Blockchain Week that, as far as he knows, Bitpanda is the only player with three Markets in Crypto-Assets Regulation (MiCA) licenses. The exchange…
Read more