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People's Bank of China Seeks to Prohibit the Creation of Digital Tokens

People's Bank of China Seeks to Prohibit the Creation of Digital Tokens

The People’s Bank of China (PBOC) is calling for public opinion or feedback in line with its plans to revise its extant banking laws

Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles

Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles

Analyst narratives on why Tesla and Bitcoin crashed yesterday are varied, but a look at the FOMC minutes hint at scaling back QE to avoid asset bubbles may be an indication.

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

The Internal Revenue Service began sending warning letters out to cryptocurrency owners in the United States, announcing that taxpayers should be paying back taxes they owe or to file amended tax returns in regards to their cryptocurrency holdings.

TRON Launches Sidechain Solution & Aims to List on Coinbase

TRON Launches Sidechain Solution & Aims to List on Coinbase

Tron (TRX) announced the launch of Tron’s sidechain solution, the Sun Network, as revealed in the company’s blog on 11 August.

Billionaire Bond Manager Jeff Gundlach Says Bitcoin Looks Like A Bubble Waiting to Burst

Billionaire Bond Manager Jeff Gundlach Says Bitcoin Looks Like A Bubble Waiting to Burst

Jeffrey Gundlach, bond fund manager, said in a recent interview with CNBC that Bitcoin is starting to look like a bubble after it surged above the $23,000 level.

Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues

Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues

Bitfinex cryptocurrency exchange has announced that it has integrated Tether (USDT) into the OMG network. The integration is set to reduce transaction confirmation and fees. The crypto exchange will enable Tether withdrawals and deposits on the OMG network. OMG network, previously known as OmiseGo, is a scaling platform, which enables peer-to-transactions in real-time, a solution that enhances the scalability of the Ethereum network.

FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

The Financial Crimes Enforcement Network (FinCEN) has urged social media and messaging companies that are working with on cryptocurrencies to be vigilant about illegal transactions.

Crypto Exchanges Not in Violation of Securities Laws by Listing XRP, Implies SEC Lawyer

Crypto Exchanges Not in Violation of Securities Laws by Listing XRP, Implies SEC Lawyer

The discovery hearing between the Securities and Exchange Commission and Ripple Labs may have tipped the scale in the latter’s favour.

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