Category: Cryptocurrency News

The new crypto law would reportedly allow citizens to pay their taxes in crypto and allow the use of crypto as a form of payment for businesses.

I personally am not one that likes to involve myself in conflict, however I feel that if we stand by idly while the IRS continues to place absurd rules on taxes towards crypto nothing will change. My first order of business is correcting or negating any taxes on converting cryptocurrency. In my opinion I think…
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A tech innovations firm based in Georgia’s capital Tbilisi is now “selling Russia piece by piece” in the form of NFTs. The money from the collectibles, representing almost 2,500 Russian regions, will be used to help rebuild Ukraine, which was invaded by the Russian army two months ago. Georgian Project Auctions NFTs of Russian Land, […]

submitted by /u/inkbarsap [link] [comments]

I could not find anything on the internet that was up to date about it and it seems to be a big issue for the security of the network. I am looking forward to your input. 🙂 submitted by /u/RealBeltracchi [link] [comments]

This sub is not a great place to get accurate information as to the state of the crypto market. We are mostly hopium injecting moon farmers here. Truthfully the world is not in a good economic place right now, inflation is squeezing people's budgets, war and covid are creating supply shortages, rates are set to…
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With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham (AED) trading pairs.

Bitcoin looks set for a fall as a surging U.S. dollar sparks suspicion based on an equally grim macro picture.

Executives of Ripple Labs and the US Securities and Exchange Commission have agreed to prolong the timeline of their lawsuit and postpone court proceedings until the end of 2022, implying that their legal standoff would likely last well into next year. Both parties jointly requested the extension in a letter to Judge Sarah Netburn, who has been presiding over the case. Judge Netburn granted approval of the revised schedule. Suggested Reading | Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform How Case Vs. Ripple Began Between 2013 and 2020, Ripple Labs raised $1.3 billion in capital through the sale of XRP tokens. When the SEC filed a complaint against Ripple near the end of 2020, there were no indications from the SEC that Ripple was under scrutiny. And Ripple was already trading on over 200 exchanges at the time. The SEC, on the other hand, concluded that Christian Larsen, Ripple’s co-founder, and Bradley Garlinghouse, Ripple’s current CEO, illegally raised cash because XRP was not a registered securities but was offered to investors around the world. Legal Showdown Until Before Christmas The joint letter’s new provisions require the defense to file statements and any motions against expert witnesses by August 2, while objections must be filed by November 2. Additionally, any resistance must be responded to by December 20. The revised timeline follows the SEC’s request for an extension to file an objection to Judge Netburn’s decision on the Motion for Reconsideration of the DPP Ruling. This was the regulator’s second request for an extension in the matter. XRP total market cap at $31.56 billion on the daily chart | Source: TradingView.com Defense attorney James Filan shared a tweet from Ripple defense lawyer Stuart Alderoty, who said: “To all that have been following the case thus far – thank you. Know that Ripple is working hard (and the Court is pushing hard) to resolve the case as soon as possible, despite the SEC time and again doing everything they can to delay.” XRP Price Analysis Meanwhile, XRP was up 0.26 percent to $0.7073 at the time of writing. The crypto declined 1.70 percent on Saturday and ended the day at $0.7055, down 2.06 percent from Friday’s close. On April 24, Ripple’s XRP fell for the fourth consecutive day, and the latest update had no discernible effect on the price. XRP must break over the pivot point of $0.7117 in order to reach the first major resistance level at $0.7204. To break out of the $0.7150 range, XRP would require wide crypto market support. Suggested Reading | Ripple Getting Bullish, Positive Trends Point To A Solid Year For XRP The cryptocurrency is now trading at 82% of its all-time high of $3.84194. Through the week, XRP trailed the broader crypto market, which was weighed down by market risk aversion. XRP has also been pushed down by news updates on the Ripple vs. SEC case, which has challenged support at $0.70. Featured image from Times Tabloid, chart from TradingView.com