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White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules

White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules

The White House would bring in significantly more revenue over the next decade if the Biden Administration’s budget plan approved to ramp up the national budget.

Biden's Communications Director Restricted From Handling Crypto Firms

Biden's Communications Director Restricted From Handling Crypto Firms

President Joe Biden's communications director, Ben LaBolt, will be barred from handling matters related to any cryptocurrency or technology firms he previously represented, but he will be allowed to advise on crypto regulation. LaBolt has disclosed owning $50,001-$100,000 in Bitcoin and $15,001-$50,000 in Ethereum 2. The restrictions are in line with ethics rules followed by senior White House staff.

US Congressman Set to Implement the Cryptocurrency Act of 2020

US Congressman Set to Implement the Cryptocurrency Act of 2020

Paul Gosar of the House of Representative introduced the “Crypto-Currency Act of 2020,” on March 9, a bill that is set to choreograph a wide range of digital assets to be liable to the appropriate regulatory bodies and agencies assigned to it.

Chinese Telecommunications Giant ZTE Collaborates with China Mobile to Publish Blockchain and Edge Computing White Paper

Chinese Telecommunications Giant ZTE Collaborates with China Mobile to Publish Blockchain and Edge Computing White Paper

Chinese multinational telecommunications giant ZTE has partnered with China Mobile, along with the Chinese Ministry of Industry and Information Technology Laboratory, and Peking University to publish a “blockchain and edge computing whitepaper.”

Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K

Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K

One of the most prestigious auction houses in the world, Christie’s has sold a digital portrait of the Bitcoin (BTC) code “Block 21” for over $130,000.

COINNEWSEXTRA AND  GLOBAL POLICY HOUSE TO HOST FIRST UNPRECEDENTED CBDC CONFERENCE IN AFRICA

COINNEWSEXTRA AND GLOBAL POLICY HOUSE TO HOST FIRST UNPRECEDENTED CBDC CONFERENCE IN AFRICA

One of the best gift possessed by humans is the ability to adapt to change. Little did we know that the global COVID-19 pandemic was going to deprive us of our regular mode of living, here we are today with several months of stay at home with many organisations and people pivoting into the digital economy. The immense impact of the COVID-19 pandemic has severely affected the whole world with developments changing frequently. However, digital innovations and technology solutions have been deployed to respond urgently to these changes, This has led to a notable increase in demand for online transactions, resulting in a significant shift from cash to digital payment methods.

Decrypt: Most Whitepapers are Full of Scams

Decrypt: Most Whitepapers are Full of Scams

According to Decrypt’s Investigation published on 22 April, many startups had been accused by White paper writers to “constantly required to fabricate and exaggerate facts”.

Bakkt Cash Integrated Directly with Starbucks Payment App

Bakkt Cash Integrated Directly with Starbucks Payment App

Bakkt President Adam White has announced the Bakkt Cash integration with the Starbuck mobile app.

United States Moves Forward With Crypto Regulation

United States Moves Forward With Crypto Regulation

Two new crypto-related bills were discussed among the House Agriculture Committee this week as the United States moves forward with crypto regulation.

Ripple to Launch Payment Corridor in Kuwait while Continuing to Seek CBDC Opportunities for XRP

Ripple to Launch Payment Corridor in Kuwait while Continuing to Seek CBDC Opportunities for XRP

Kuwait Finance House (KFH) becomes the first bank in Kuwait to leverage Ripple’s services to settle cross-border payments.

CIA Eyes Blockchain Technology with New Research Lab

CIA Eyes Blockchain Technology with New Research Lab

US Central Intelligence Agency has rolled an in-house R&D arm dubbed CIA Labs to scale up technological and scientific breakthroughs for future intelligence challenges.

Ternio Research Finds Blockchain-Affiliated Companies Are Employing Over 86,000 People

Ternio Research Finds Blockchain-Affiliated Companies Are Employing Over 86,000 People

Ternio, a leading white-label technology company, has revealed the findings of a new study dubbed “The State of Crypto Entrepreneurship 2019.” It was, therefore, estimated that crypto/blockchain organizations employ 86,443 people across the globe.

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