France Considering Criminalizing Celebrity Endorsements of Crypto!
The Economic Affairs Committee of the French National Assembly met on Wednesday to discuss marketing and promotions in France relating to cryptocurrencies that were made by celebrities on social media. It was decided that such practices should be made illegal in order to safeguard consumers from any potential dangers they may face. The amendment to…
Xapo Bank Offers an Alternative to SWIFT, Direct Convert USD to USDC and Send Money
Xapo Bank, a bitcoin custodian that also operates as a privately licensed bank, has teamed up with Circle to develop an alternative to SWIFT based on USDC payment rails. The bank claims that it has installed rails on the already existing USDC onramps. As a direct result of this, users of Xapo Bank are able…
Many Top Celebs Listed in SEC Filing Against Tron Founder Justin Sun
The United States SEC has leveled allegations of cryptocurrency violations against Justin Sun, the founder of Tron. The allegations (1) include selling and airdropping unregistered securities. In addition to these allegations, the financial regulator disclosed that the Chinese-born Grenadian crypto entrepreneur is being investigated for fraud and market manipulation. Justin Sun is accused of…
Telegram Users can Natively Send USDT from their Chats in Collab With TON Blockchain!
Using the TON Blockchain, Telegram Messenger is gradually becoming a substantial Web3 protocol. The wallet bot for the instant messaging app has been updated to support Tether (USDT), which is the largest stablecoin in terms of daily traded volume and market capitalization. As a direct consequence of this, users of Telegram are now able to…
Positive Hope in SEC Case Sends XRP Token Soaring
Because of the increased social involvement from the top officials, cryptocurrency traders have considerably changed their attention to XRP, which is the sixth largest digital asset. The surge in the price of XRP on Wednesday, which has been dubbed the “Messari Pump,” occurred after the cryptocurrency gained more than 20 percent in value during the…
IRS Will Treat NFTs as Physical Assets and Tax Accordingly
The Internal Revenue Agency (IRS) may be considering a policy change that would prohibit individuals from contributing non-qualified financial assets (NFTs) to individual retirement accounts (IRAs). This comes as a result of the Internal Revenue Service (IRS) and the United States Treasury Department (Treasury Department) announcing their intentions to publish recommendations that would treat non-fungible…
Big Investment Firms Expanding in Crypto Sector! Signs of a Crypto Boom Ahead?
Although the crypto winter continues, investment management business BlackRock and wealth management firm Fidelity Investments quietly extend into the realm of bitcoin, ether, and other crypto assets. Investors are gradually losing hope in a rebound as the crypto winter drags on. Notwithstanding the devastating losses that have sliced the market and led BTC and ETH…