US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. Go to Source Powered by WPeMatico
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Blockchain startups grow as global VC funding generated $25.2B in 2021
A 713% increase in venture capital funding went to global blockchain startups last year, but will this trend continue? Go to Source Powered by WPeMatico
NFL to offer virtual NFT tickets at Super Bowl in Los Angeles
After launching commemorative virtual ticket NFTs in November 2021, the NFL distributed over 250,000 NFTs as of mid-January. Go to Source Powered by WPeMatico
Coinbase users can receive US tax refunds in crypto as part of TurboTax deal
The exchange said users could send the funds to their Coinbase accounts in fiat, or automatically convert it to crypto with no trading fees. Go to Source Powered by WPeMatico
US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200
House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to “ensure that our tax code evolves with our use of virtual currency.” Go to Source Powered by WPeMatico
North America to lead growth in blockchain market, new report says
Blockchain market size is expected to reach $104.19 billion by 2028, exhibiting at a CAGR of 55.8% across the forecast period as per the report. Go to Source Powered by WPeMatico
FTX acquires Japan’s FCA-licensed crypto exchange Liquid
As a part of the deal to comply with Japanese laws, FTX’s Japanese users will be moved Quoine’s trading platform. Go to Source Powered by WPeMatico
SEC’s proposed rule on exchanges could threaten DeFi, says Crypto Mom
“The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms,” said Hester Peirce. Go to Source Powered by WPeMatico
Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency. Go to Source Powered by WPeMatico
Law Decoded: Russia flounders, America competes, IMF keeps fuming, Jan. 24–31
Uncertainty about crypto regulation can engender internal disagreement even within seemingly monolithic governments. Go to Source Powered by WPeMatico