IMF Report Highlights Bitcoin’s Role in Cross-Border Financial Flows Amid Global Instability

by Александр Пирогов | Apr 19, 2024 | Blog News

A new report by the International Monetary Fund (IMF) titled “A Primer on Bitcoin Cross-Border Flows” shows Bitcoin’s growing importance as a channel for cross-border financial transactions, particularly in regions facing economic turmoil or strict...

Tether Launches New Departments to Expand Focus on AI, Finance, Bitcoin Mining, and Education

by Александр Пирогов | Apr 19, 2024 | Blog News

Tether, the issuer of the USDT stablecoin, has announced the establishment of four new divisions: Tether Data, Tether Finance, Tether Power, and Tether Edu. These divisions aim to offer a wide range of services, including data management, blockchain-based financial...

Swedish Crypto Miners Face $90 Million Tax Bill After Investigations

by Александр Пирогов | Apr 18, 2024 | Blog News

Swedish crypto miners are facing tax bills totaling over $90 million after investigations by the Swedish Tax Agency revealed four years of misappropriations. The agency investigated 21 crypto-mining firms between 2020 and 2023, uncovering misleading or incomplete...

Binance Set to Return to India After $2 Million Fine for Non-Compliance

by Александр Пирогов | Apr 18, 2024 | Blog News

Binance, one of the world’s largest cryptocurrency exchanges, is poised to make a comeback in India after a four-month ban by agreeing to pay a $2 million fine for non-compliance. This move comes after India’s financial regulatory body, the Financial...

XRP Lawsuit Could Reach US Supreme Court, Says Former SEC Official

by Александр Пирогов | Apr 18, 2024 | Blog News

Former chief of the SEC’s crypto litigation unit, Ladan Stewart, hinted at the possibility of a lawsuit involving companies like Ripple and Coinbase reaching the US Supreme Court to resolve key questions about the definition of securities within the crypto space....

Norwegian Government Enacts Law to Regulate Crypto Mining Amid Environmental Concerns

by Александр Пирогов | Apr 17, 2024 | Blog News

The Norwegian government has passed a new law aimed at regulating and potentially closing cryptocurrency mining operations within its borders. The move, disclosed by local news outlet VG, reflects Norway’s commitment to reducing greenhouse gas emissions...