The Internal Revenue Service (IRS) in the United States has issued demands for back taxes from Alameda Research, FTX, and their affiliates, including West Realm Shires, Blockfolio, and Ledger Holdings. The total amount of the demands is a staggering...
China has inaugurated the National Blockchain Technology Innovation Center in Beijing to train more than 500,000 professionals in distributed ledger technology (DLT). Led by the Beijing Academy of Blockchain and Edge Computing, the center will collaborate with local universities,...
Marathon Digital has disclosed in its quarterly report published on May 10, 2023, that it received a second subpoena from the US Securities and Exchange Commission (SEC) regarding its data center located in Hardin, Montana. @SECGov has issued another...
The European Union is making significant progress towards implementing the AI Act, which is poised to become the world's first comprehensive legislation governing the use of AI technology. On May 11, 2023, European legislators approved a stricter draft of...
On May 10, 2023, Latrice Walker, a Democrat in the New York State Legislature, introduced a bill with partisan support that aims to include stablecoins pegged to the US dollar as a recognized form of payment for bail bonds....
Multiple traditional financial institutions in the United Kingdom have expressed concerns regarding the government's plans to regulate cryptocurrencies. These institutions have raised issues related to accuracy, taxation, and consumer protection as potential risks associated with cryptocurrency regulation. The Institute...
Validators on the Ethereum network have seen a substantial increase in their earnings; they accrued a total revenue of $46 million in the first week of May 2023. Data from beaconcha.in reveals that validators earned a combined total of...
President Joe Biden recently took to Twitter to share an infographic calling for the closure of tax loopholes that supposedly benefit wealthy cryptocurrency investors. The president estimated that the government could save approximately $18 billion by addressing these loopholes....
Sixteen individuals accused of kidnapping and stealing cryptocurrency began their trial at the Ho Chi Minh City People's Court on May 10, 2023. The defendants, including Ho Ngoc Tai, Tran Ngoc Hoang, and their associates, allegedly stole approximately $1.5...
The Aragon Association, the organization responsible for managing the Aragon open-source framework for decentralized autonomous organizations (DAOs), has decided to cancel its proposal to grant voting rights to holders of its native Aragon (ANT) token. The announcement was made...
