The spotlight is on cryptocurrency platform Kraken as a U.S. court has mandated it to submit user transaction details to the Internal Revenue Service (IRS). The decision, rolled out by the U.S. District Court for Northern...

The ongoing legal tussle between the U.S Securities and Exchange Commission (SEC) and the cryptocurrency exchange Bittrex has taken an interesting turn. Bittrex is asserting its defense, following the steps of its peer...

The recent reserve report of the stablecoin TrueUSD (TUSD) has revealed a concerning situation. Funds held at a United States-based financial institution are currently facing a suspension of withdrawals due to regulatory...

A newly launched cryptocurrency platform, EDX, is reportedly considering a shift in its custody partner strategy, hinting at a move from Paxos Trust to Anchorage Digital. Backed by prominent financial entities such as...

Nevadas powerful financial overseer has taken decisive action against Prime Trust, a company renowned for its cryptocurrency custodial services. The move was prompted by mounting concerns about the firms financial...

A worrying increase in scams tied to cryptocurrency has prompted major Australian banks to maintain their hard stance, despite rising criticisms. The government, too, displays no sign of bending to pressure, emphasizing...

Late into the evening, the Binance Australia team was unexpectedly informed of a swift withdrawal from the Australian banking system. The information came as a shock, devoid of any forewarning or discussion, according to...

Harnessing the transformative potential of asset tokenization, Singapores financial regulator, the Monetary Authority of Singapore (MAS), in unison with 11 financial giants, has been studying the ways to streamline...

In a striking revelation, FTX, a renowned financial technology firm, is engaged in a rigorous pursuit of almost $9 billion in siphoned off customer assets. The CEO, John Ray, reported on June 26 that the company has...

In a historic move, Japans National Tax Agency has approved a groundbreaking amendment granting tax exemptions for unrealized gains on cryptocurrencies. This significant announcement, made on June 20, signals a paradigm...