crypto assets

MicroStrategy (NASDAQ: MSTR), the publicly traded software company best known for its bet on Bitcoin (CRYPTO: BTC), said Monday that it supported a proposal from the Financial Accounting Services Board that would let firms use fair-value accounting for crypto held on their balance sheets...

In an unprecedented development within the digital asset investment space, investors seem to be shying away from Bitcoin (CRYPTO: BTC) and looking toward alternative cryptocurrencies. Outflows from Bitcoin investment products have amounted to $38 million in the past week, contributing to a...

Rating agency S&P Global on Tuesday acknowledged the potential of cryptocurrencies as assets that can protect investors from inflation. However, the rating agency emphasized insufficient data to back up this assertion. "Crypto assets could theoretically be a hedge against...

SEC Commissioner Hester Peirce cited the European Union's (EU) recently implemented Markets in Crypto Assets (MiCA) regulation as a potential blueprint for U.S. cryptocurrency rules. During a panel discussion at the Financial Times Crypto and Digital Assets Summit in London, Peirce acknowledged...

Liechtenstein's government is considering the acceptance of Bitcoin (CRYPTO: BTC) as a form of payment for various state services, according to Prime Minister Daniel Risch. Speaking with the German newspaper Handelsblatt, he said the plan would involve converting any cryptocurrency received...

FTX Group is attempting to recover nearly $3.9 billion in funds, consisting of cash and cryptocurrency, from the insolvent digital asset lender Genesis Global Capital LLC and its solvent affiliate, GGC International Ltd. The funds in question are linked to $1.8 billion in loans and $273 million in...

The U.K. Government's HM Revenue and Customs (HMRC) is inviting public opinion on a proposed amendment to the tax treatment of decentralized finance (DeFi) lending and staking. Following a call for evidence in 2022, the regulatory body is seeking views from the public on how DeFi transactions...

During a debate on Wednesday, legislators from various political parties within the European Union expressed their ongoing support for the pivotal Markets in Crypto Assets (MiCA) regulation. This suggests that the licensing legislation is likely to be approved with ease in Thursday's scheduled...

A British legislator has suggested that the United Kingdom may establish digital asset regulations within a year in order to take advantage of the potential benefits that blockchain technology could provide for the private sector and the overall economy. During an interview with CNBC on April 17,...

The Securities and Exchange Commission (SEC) has charged cryptocurrency trading platform Bittrex, Inc., its co-founder and former CEO William Shihara, and Bittrex's foreign affiliate, Bittrex Global GmbH, with operating an unregistered national securities exchange, broker, and clearing agency....

Renowned business magnate and investor Warren Buffett has once again shared his opinion on the world's leading cryptocurrency, referring to Bitcoin (CRYPTO: BTC) as a "gambling token" in his latest critique of the digital asset. Buffett is a highly respected name in the...

Decentralized finance staking service Lido (CRYPTO: LDO) announced it will end its staking program on the Polkadot (CRYPTO: DOT) and Kusama (CRYPTO: KSM) blockchains on Aug. 1, as stated by a recent blog post by the pseudonymous Lido developer MixBytes. MixBytes cited several reasons for...

Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The assets were sent to the bankrupt cryptocurrency lender, according to on-chain data. Last month, $610 million worth of USD...

Montenegro has charged South Korean fugitive and cryptocurrency entrepreneur Do Kwon with forgery, and he is expected to face extradition proceedings in court. Kwon is accused of fraud following his company's abrupt collapse in 2022, which erased about $40 billion of investor funds and...

Taxpayers in the United Kingdom will be required to report their cryptocurrency holdings on their tax returns, according to a recent announcement made by Chancellor of the Exchequer Jeremy Hunt. This new requirement is expected to generate an additional 10 million British pounds ($12 million)...