In a letter directed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, two members of the United States Congress, Brad Sherman and Stephen Lynch, have expressed their concerns regarding tax compliance practices within the cryptocurrency industry. The letter emphasizes the need f

Tether, a stablecoin issuer, has agreed to participate in El Salvador's ambitions to develop a $1 billion renewable energy precinct as a first-round investor.Source: blockworks.coTether, a stablecoin issuer, has announced its collaboration with El Salvador, a country that has embraced Bitcoins, in a

Tether Broadens Green Bitcoin Mining Investments, Backs Volcano Energy in El SalvadorTether, the stablecoin issuer, has revealed its investment in Volcano Energy, a Bitcoin mining operation based in El Salvador. This announcement comes after Tether's earlier plans to establish a sustainable mining f

1. Market TrendBetween June 1 and June 4, the BTC price fluctuated between $26,505 and $27,350, with a volatility of 3.18%. According to the 1-hour candle chart, on June 1, at zero o’clock, the BTC price started to climb. It once again touched the resistance level at $27,000 and briefly surpassed it

Rosbank, one of Russia's significant banks, has become the first large financial institution in the country to offer clients the option to use cryptocurrencies for international settlements. In collaboration with a Russian fintech platform called B-crypto, the solution primarily caters to businesses

Bitcoin Fees Decline, Yet Over 257,000 Transactions Await ConfirmationDespite a decrease in average transaction fees, there are still over 257,000 pending Bitcoin transactions awaiting confirmation. The network has been verifying a substantial number of transactions per day, ranging from 355,000 to

In the wake of three major bank failures in the United States in 2023, affluent investors, family offices, and high-net-worth individuals have increasingly turned to bitcoin as a safe haven. Steven Lubka, the head of private clients and family offices, as well as the managing director at Swan Bitcoi

The modified suit stated, ‘'This is a fraudulent securities class action arising from a deliberate course of behavior barking price manipulation and insider trading."Investors in Dogecoin have asked for permission to amend a class action complaint they have filed against Elon Musk, the soon-to-be-fo

Russian Enterprises Appeal to Putin for Assistance in Legalizing CryptocurrenciesA business association in Russia has appealed to President Putin for assistance in the process of legalizing cryptocurrencies. Their recommendations, which focus on incorporating digital currencies into international tr

Japanese lawmaker Takashi Kii is actively pushing for regulatory measures to safeguard copyright holders from potential infringements caused by artificial intelligence (AI) algorithms. Concerns have been raised by Japanese AI experts and researchers regarding the use of illegally acquired informatio