Source: Instagram, Binance Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Major crypto exchange Binance is under investigation by the US Justice Department and Internal Revenue Service, Bloomberg reported, citing undisclosed people with knowledge of the matter. As part […]
Bitcoin price attempted a decent recovery after a strong decline to USD 46,000. BTC corrected above USD 50,000, but it failed to continue higher above USD 52,000. The price dropped below USD 49,000, but is currently (12:29 PM UTC) back above the USD 50,000 level. Most major altcoins are following a similar path. ETH failed […]
Source: iStock/Pgiam If you happen to owe any money to the US Internal Revenue Service (IRS), the agency is willing to explore yet another way to make sure you pay your tax debts. According to Robert Wearing, Deputy Associate Chief Counsel for Procedure and Administration at the IRS, the US government considered digital assets as […]
Source: Adobe/terryleewhite The most popular cryptocurrency, bitcoin (BTC), recovered some of its sharp losses, fueled by Tesla‘s supremo Elon Musk as the car manufacturer said it has suspended vehicle purchases using BTC and is looking at other cryptoassets. BTC plunged from almost USD 55,000 to USD 47,600, before recovering higher again and fluctuating around USD […]
Source: Adobe/Vladimir Wrangel The Cuban government is mulling crypto adoption as a means to fight back against financial turmoil, with crippling sanctions and the coronavirus pandemic fallout taking a heavy toll on the nation’s economy. Last month, the Congress of the Communist Party of Cuba (PCC) – the country’s central policy-making hub – put forward […]