Cryptocurrency

Cryptocurrency (137)

New CSBS Regs Aim to Make Moving Money Easier for Payments, Cryptocurrency Firms

As a result of new, streamlined regulatory policies, 78 of the top payment and cryptocurrency firms in the U.S. will be allowed to take a single exam to satisfy “all state regulatory requirements” with respect to money transmitting operations, according to the Conference of State Bank Supervisors (CSBS).

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IRS Issues Guidance on Cryptocurrency Earned from 'Microtasking'

The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based microtasks should be categorized as taxable income. So reports The Block Crypto.

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New 'Anubis' Malware Targets Crypto Wallets, Public Info Scarce

Anubis, a new type of malware, has been unleashed after its sale on the “cybercrime dark markets,” per Microsoft Security Intelligence. So reports Coindesk.

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U.S. Officials Seize Record Amount of Cryptocurrency from Mid-East Terror Groups

Federal prosecutors said the Justice Department has seized $2 million worth of cryptocurrency from Middle East-based terror groups. So reports CNN.

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Bitcoin Hits Milestone as Investors Mull Risk of Inflation

Bitcoin topped its highest peak since July of 2019 as it hit more than $12,476. The leading cryptocurrency has now rallied past “several key psychological thresholds in August” after facing some adversity earlier in the summer. So reports Markets Insider.

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Ethereum Surges As DeFi Tokens Gain Traction

A number of tokens on the Ethereum network rose atop price charts in recent days, with Decentralized Finance tokens getting extra love. So reports Cointelegraph.

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National Banks, Savings Groups Can Hold Crypto: Feds

The U.S. Office of the Comptroller of the Currency will enable national banks and federal savings associations to hold cryptocurrencies for their customers. So reports The Block.

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TikTok User James Galante Spikes Dogecoin Buys with Post

Dogecoin volumes were up 683% after TikTok user James Galante urged his followers to buy the cryptocurrency with the hopes they “all get rich.” So reports Markets Insider.

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PayPal Considering Jump Into Cryptocurrency Sales

Digital payment company PayPal is considering a plan to sell cryptocurrencies directly to users through its Venmo subsidiary. So reports The Observer.

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Bitcoin Adds 'Whales' Since Halving Event

Bitcoin’s May 11 halving has not spiked the value of the digital currency as many had expected. However “whale” investors have ticked up 2%. So reports Coindesk.

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