In a recent meeting, Binance executives met with U.S. Treasury officials to discuss potential changes to the government’s oversight of the company. They asked for the removal of a monitor that oversees their compliance with anti-money laundering laws. Additionally, Binance is in talks to collaborate with President Donald Trump’s crypto venture, World Liberty Financial, which ...
The arrival of Tether’s USDT on the Lightning Network marks a significant shift in the cryptocurrency landscape. This integration allows Bitcoin and USDT to interact seamlessly, enabling users to transact in either asset without hindrance. With USDT’s stability combined with Bitcoin’s strengths, businesses and users gain new options for payment. However, this also introduces regulatory ...
Dan Morehead, founder of Pantera Capital, is under investigation by US tax officials regarding potential improper tax exemptions on $850 million in cryptocurrency profits tied to his move to Puerto Rico. The Senate Finance Committee is looking into whether Morehead misapplied tax breaks meant for qualifying residents. The situation highlights growing government scrutiny over cryptocurrency ...
Dan Morehead, the founder of Pantera Capital, is under investigation by US tax officials regarding possible tax exemptions on $850 million in cryptocurrency profits after moving to Puerto Rico. This probe highlights increased government scrutiny in the crypto sector, which could impact wealthy individuals exploiting Puerto Rico’s tax benefits. The Senate Finance Committee is questioning ...
The cryptocurrency landscape is rapidly evolving, facing challenges and breakthroughs alike. This week saw Bitcoin and the entire Market drop significantly, losing $450 billion due to trade tensions sparked by Donald Trump’s tariff announcements. Ripple is making strides, securing two new licenses in the US, bolstering its position in cross-border payments. Meanwhile, Binance is under ...
KuCoin, a cryptocurrency exchange based in Seychelles, will pay nearly $300 million in penalties and halt operations in the U.S. for two years. This settlement comes after charges claiming the exchange failed to properly monitor its network for criminal activity. Since 2019, Peken Global, the owner of KuCoin, did not register as a money transmitting ...
Coinbase, a popular cryptocurrency exchange, is currently investigating issues related to delayed transactions for Ripple (XRP) on its platform. The company confirmed that while some users are facing delays with XRP transfers, buying, selling, and fiat withdrawals are not impacted. This follows a recent incident affecting Stellar (XLM), which was resolved quickly. Additionally, Coinbase is ...
Montenegro has decided to extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States. This comes after lengthy court proceedings regarding his extradition related to the collapse of his company, Terraform Labs, which resulted in the loss of about $40 billion for investors and shook the global cryptocurrency Market. Kwon, arrested in March 2023 ...
Nvidia, a leading U.S. semiconductor company, must seek approval from the European Commission for its planned $700 million acquisition of Israeli AI startup Run. This decision stems from concerns that the deal could harm competition in the tech sector. EU regulators, who are increasingly vigilant about mergers that may stifle competition, may require Nvidia to ...
In a recent development, Stacey Widlitz, president and founder of SW Retail Advisors, has expressed her thoughts on a federal judge's decision to block Tapestry's planned $8.5 billion acquisition of Capri Holdings, the parent company of brands like Versace and Michael Kors. Widlitz emphasized the significance of this ruling in shaping competition within the luxury goods market, stating that it underscores regulatory scrutiny in major mergers. She noted that the ruling may lead Tapestry to rethink its growth strategies in a rapidly evolving retail landscape.
