Tech

21 January

Crypto Crash: Trump Meme Coins Lose Billions as Inauguration Unfolds

The latest shakeup in the crypto market has left investors reeling as the value of Trump-inspired meme coins experiences a significant crash. As the nation witnesses a new political era unfolding with the inauguration, these digital assets, once rising stars in the meme coin universe, have seen their values plummet, leading to billions of dollars in losses. Here’s a breakdown …

21 January

BTC Buying Power? South Korean Firm Earns VASP License to Enter Market

South Korea is making significant strides in cryptocurrency regulation, with a major brokerage firm recently securing a Virtual Asset Service Provider (VASP) license. This development signals a potential shift in the country’s stance on corporate Bitcoin investments, opening new opportunities for financial institutions to engage with digital assets. South Korea’s Evolving Crypto Landscape Historically, South Korea has maintained a cautious …

21 January

Stablecoin Exodus? ESMA’s 2025 Deadline for MiCA Compliance Looms

The European Securities and Markets Authority (ESMA) has issued a firm deadline for stablecoins to achieve compliance with the Markets in Crypto-Assets (MiCA) regulation by Q1 2025. This regulatory shift aims to enhance investor protection, financial stability, and market integrity. As the deadline approaches, industry participants are grappling with the potential consequences of non-compliance. Understanding MiCA and Its Impact MiCA …

21 January

Crypto Tax Rules 2.0: What Investors Should Know from Industry Experts

As the cryptocurrency market continues to mature, tax authorities worldwide are implementing stricter regulations to ensure compliance and transparency. In 2025, new crypto tax rules, dubbed “Crypto Tax Rules 2.0,” introduce significant changes that every investor must understand to avoid penalties and optimize their tax liabilities. 1. Key Changes in Crypto Taxation for 2025 New reporting requirements (e.g., IRS Form …

21 January

Trump’s First Moves Ignore Crypto, But Circle CEO Sees Opportunity Ahead

As Donald Trump re-enters the political arena with bold promises for his first day back in office, the crypto community has taken note of one glaring omission: no mention of cryptocurrency in his immediate executive order plans. Despite the absence of explicit support for digital assets in Trump’s agenda, Circle CEO Jeremy Allaire remains optimistic about the future of crypto …

20 January

Strategic Bitcoin Reserves: Wyoming and Massachusetts Set the Stage with New Bills

In a bold move to integrate cryptocurrency into state-level financial strategies, Wyoming and Massachusetts have unveiled groundbreaking legislation aimed at establishing strategic Bitcoin reserves. These bills not only position the two states as pioneers in the crypto space but also signal a major shift in how governments could embrace digital assets as part of their economic portfolios. The proposed legislation …

20 January

Crypto Exchange Operator Jailed for Using BTC to Spy for North Korea

In a dramatic case that highlights the intersection of cryptocurrency, espionage, and international relations, a crypto exchange operator has been sentenced to prison for using Bitcoin to fund espionage activities on behalf of North Korea. The court found that the operator had covertly facilitated financial transactions that supported North Korea’s illicit activities, including cyberattacks and espionage efforts. The case has …

20 January

New TRUMP Meme Coin Could Reach $100 Billion By Inauguration Day—But Is It Legit?

In a move that has taken both the crypto and political worlds by storm, a new meme coin centered around former President Donald Trump is gaining massive attention. The TRUMP meme coin, launched by anonymous developers, has rapidly surged in value, with some speculators predicting that its market cap could reach a staggering $100 billion by Inauguration Day. While the …

20 January

SEC Slaps DCG and Genesis with $38M Fine for Misleading Investors

In a significant move against cryptocurrency industry giants, the U.S. Securities and Exchange Commission (SEC) has charged Digital Currency Group (DCG) and its subsidiary, Genesis Global Capital, with misleading investors. The SEC imposed a hefty $38 million fine on both firms, accusing them of engaging in deceptive practices that violated federal securities laws. This action highlights the increasing scrutiny of …

20 January

Parting Shot? SEC Sues Helium’s Nova Labs Ahead of Gensler’s Departure

In a dramatic turn of events, the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Nova Labs, the creator of the Helium Network, just weeks before SEC Chair Gary Gensler’s anticipated departure. The lawsuit has sent shockwaves through the cryptocurrency industry, raising questions about regulatory overreach and the future of decentralized wireless networks. The SEC’s Allegations According …