Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits. Read More at https://cointelegraph.com/news/cci-ba-fight-illinois-crypto-tax-pause?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Author Archives: pdgweb
EU authority classifies Circle’s USDC as ‘significant’ under MiCA
The second-largest stablecoin by market cap will be overseen by French and EU authorities under its classification as a “significant e-money token.“ Read More at https://cointelegraph.com/news/eba-circle-usdc-stablecoin-significant-token-mica?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US authorities dismantle crypto scam network that stole tens of millions
Brooklyn prosecutors and the FBI seized 112 servers and shut down 241 websites linked to investment scams that targeted Russian-speaking Americans. Read More at https://cointelegraph.com/news/fbi-brooklyn-crypto-scam-112-servers-241-websites?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OCC report finds debanking efforts tied to crypto activities
The report from the US banking regulator did not include specific examples of debanking related to crypto, but mentioned it alongside ties to oil, gas and firearms. Read More at https://cointelegraph.com/news/occ-trump-debanking-crypto-activities?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Standard Chartered pushes $2T stablecoin forecast to 2030 as transaction volumes grow
The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields. Read More at https://cointelegraph.com/news/standard-chartered-stablecoin-forecast-2030-market-growth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price dips below $82K as high oil prices spike US CPI inflation
Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation. Read More at https://cointelegraph.com/markets/bitcoin-price-dips-yields-surge-as-high-oil-prices-spike-us-cpi-inflation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Bunker mode’ won’t protect your crypto, critics say
Even if Justin Drake’s prediction that AI could break cryptography proves correct, critics say “bunker mode” is an impractical suggestion that’s unlikely to protect your crypto. Read More at https://cointelegraph.com/magazine/bunker-mode-wont-protect-your-crypto-critics-say?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Canada crypto remittances to Asian countries surge 141% to $2.36B: Chainalysis
Remittance-sized crypto transfers from Canada to three Asian countries reached $2.36 billion, while transfers to the Philippines alone rose 28% to $61 million. Read More at https://cointelegraph.com/news/canada-crypto-remittances-asia-surge-chainalysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Qivalis receives EMI authorization from Dutch central bank for euro stablecoin
Qivalis said the EMI authorization enables it to launch a euro-denominated stablecoin, with issuance planned for the coming months, subject to additional MiCA requirements. Read More at https://cointelegraph.com/news/qivalis-authorization-dutch-central-bank-euro-stablecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kraken parent to buy Lithuanian Saldo Bank amid TradFi expansion
Payward expects to close the acquisition in 2027, enabling it to expand its traditional banking services into four EU operating markets already served by Saldo Bank. Read More at https://cointelegraph.com/news/krakens-parent-buy-lithuanian-saldo-bank-tradfi-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound