Tag Archives: crypto

Despite the spreading of such information online, it appears Joe Biden and the rest of the White House staff have no plans, currently, to convert the U.S. dollar (USD) into a digital asset. Biden Won’t Go the Crypto Route White House assistant press secretary Robyn Patterson explained in a recent interview: There are no plans to convert the U.S. dollar into a digital asset. The discussion about whether Biden would take such action goes back to the crypto executive...

A man named Orion Alexander Holtby was found not guilty in a court of law in British Columbia, Canada after he was accused of stealing thousands of dollars in crypto from his ex-girlfriend. This Crypto Case May Be the Most Unusual The situation is odd in that while it was deemed that he likely did steal and then sell the crypto, the lack of traceability regarding situations like these wound up working in his favor. With little evidence to support the idea that he...

There’s been a lot of talk about crypto tax cheats over the last few years, and according to a new report by the International Monetary Fund (IMF), the problem doesn’t end with anti-money laundering laws. The organization feels more steps are needed if things are going to come to a complete stop. The IMF Details Crypto Tax Evasion The big concern is that crypto is primarily being used by illicit players who garner money that’s not theirs (or that stems from...

Leading fiat-to-crypto firm Ark Fi is introducing Ramp, a secondary platform that will allow customers to purchase digital assets with their credit cards. Ramp Will Make Crypto Buying Easy The whole idea of purchasing bitcoin and its altcoin cousins should be easy. One pulls out their credit card, enters the information, and done! The money should be transferred to their digital wallet for use and investment purposes. Unfortunately, there are some companies out...

Crypto firm Bitcoin Suisse is confident another big bull rally is coming for bitcoin, and it wants to be prepared. It’s now reinventing itself as the ultimate “crypto asset manager” and trying to market its services to high-net-worth individuals that have a lot of digital currency to their names. Bitcoin Suisse Sees a Huge Rally Coming Banking veteran and chief executive of Bitcoin Suisse Dirk Klee said in a recent interview that the recent washout of bad actors –...

Japan just established a whole new level of clarity to its crypto tax agenda. Up to this point, all unrealized gains from crypto assets were subjected to the country’s present 30 percent corporate tax rate, though now, it appears this is coming to an end. Japan is Putting an End to Some Crypto Taxation The news came from Japan’s National Tax Agency (NTA). The agency explained in a statement that crypto assets will be excluded from any company’s asset valuation...

James Wharton – a former campaign manager to Boris Johnson that’s now leading an education quango – is being questioned over his alleged ties to a crypto lobbying firm. James Wharton Criticized for Ties to Crypto Wharton presently leads an organization known as the Office for Students (OFS). However, he’s also launched a new public affairs company designed to help clients “navigate the complexities” of Westminster. He also provides legal counseling on regulated...

Not long ago, regulators in the United Kingdom said crypto trading was akin to gambling. In other words, betting on bitcoin was like sitting at a blackjack table. Not exactly the best metaphor, but we get what the country means. Is the United Kingdom Wrong About Crypto? However, there are many that don’t agree with this sentiment. In fact, they think it’s downright wrong, and they say it shows a dangerous lack of understanding. Amongst the people that feel this...

Some interesting video footage from several years back has resurfaced that’s making people see Gary Gensler and the Securities and Exchange Commission (SEC) a tad differently. Gary Gensler and His Original Feelings Towards Crypto In the video, Gensler – not yet in charge of the financial agency – told his audience of investors he thinks four cryptocurrencies – bitcoin, bitcoin cash, Ethereum, and Litecoin – are not securities, but things didn’t quite stop there....

CoinspeakerCanadian Police Warns Public on Crypto Investors’ Home Robberies The recent wave of home invasion-style robberies targeting high-value cryptocurrency investors in Richmond and Delta has raised major worries about the crypto community's safety. Canadian Police Warns Public on Crypto Investors’ Home Robberies