Legislative assistant secretary of the treasury Jonathan Davidson said that, unlike exchanges, pools cannot collect complete customer information. The US Department of the Treasury sent a letter to a group of senators proposing to exempt miners and stakers who organize the joint production of cryptocurrencies from tax reporting on their clients. The Treasury supports the crypto industry’s concerns about the Infrastructure and Jobs Investment Act. Expanding the definition of “broker” would place an undue burden

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

Popular content creator platform OnlyFans, known for its “adult content”, has announced support for NFTs on the Ethereum blockchain as profile pictures. According to Reuters, the new feature has been in development since last December, when Amrapali Gan took over as CEO of OnlyFans. When setting a collectible token as an avatar, an Ethereum icon will appear on the image, confirming that the user owns the NFT. “Our mission is to help creative people reach

The number of transactions in the digital yuan at the Winter Olympics exceeded the number of payments through Visa. At the same time, many sellers were outside the “quarantine zone”. On the day of the opening ceremony of the Winter Olympic Games, which take place at the Beijing National Stadium, also known as the “Bird’s Nest”, more transactions were made in China’s central bank digital currency than through the Visa payment system, according to the

Cryptocurrency broker Voyager Digital, together with Market Rebellion, are launching a project that “blurs the line between traditional assets and cryptocurrencies.” Voyager Digital plans to complete the joint venture by the end of 2022. The new entity will trade securities on behalf of Voyager clients. Users of the joint brokerage platform will be able to buy shares of companies listed on the Voyager platforms using the USDC stablecoin as a means of payment. Voyager Digital

Coinbase, against the backdrop of increased lobbying for the interests of the crypto industry, is forming a whole pool of candidates for the elections to the US Congress. Cryptocurrency exchange Coinbase has begun forming the DC Candidate Support Committee (PAC) ahead of the November midterm elections to the US Congress. On Monday, the exchange filed a formal application with the Federal Election Commission (FEC) for the creation of the Coinbase Innovation PAC. The members of

Cryptocurrency exchange Binance has announced a partnership with South Korean company YG Entertainment to develop NFTs and gaming projects based on the Binance Smart Chain blockchain. The Binance marketplace announced on its blog that it has signed a formal partnership agreement with label YG Entertainment (YG). YG has collaborated with famous South Korean music groups Big Bang, Akdong Musician, Winner, iKON, BLACKPINK, and TREASURE. Most of the label’s artists work in the K-pop genre. As

The leadership of the PayPal payment company announced the creation of an advisory board, which included industry experts in finance, blockchain and cryptocurrencies. According to PayPal, the creation of the consortium is aimed at supporting the company’s current products and building a digital financial ecosystem. Board members include Fortress Investment Group CEO Peter Briger, Georgetown University Law Center Professor Chris Brummer, Weizmann Institute Professor Shafi Goldwasser, and former Commodity Futures Trading Commission (CFTC) Chairman Timothy

The Minister of Employment, Economy and Innovation of the Canadian province of Alberta, Doug Schweitzer, is going to make it an international center for the development of mining and cryptocurrencies. In a recent interview, Doug Schweitzer stated that the province of Alberta is rich in oil resources that can be used for the benefit of the cryptocurrency industry. Thanks to the province’s abundance of natural gas, its electricity market and offsetting greenhouse gas emissions allowances,

The fall in the index of business activity in the US and the tightening of the Fed’s policy will make 2022 “bearish” for bitcoin, says macro analyst Lyn Alden. American investment strategist Lyn Alden said in an interview with Stansberry Research that the business activity index (PMI) indicates a fall in the value of bitcoin in 2022. Alden explained that she tracks PMI to predict trends in the BTC market: “Bitcoin has been bullish in