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U.S. Senator Tim Scott Urges Lawmakers to Hold a December Vote on the Crypto Market Legislation
A new crypto bill may soon enter the U.S. market, and its adoption could bring even stronger oversight to the fast-growing sector. On November 18, Senate Banking Committee Chair Tim Scott disclosed plans to hold a committee vote on a... -
White House Considers IRS Plan to Tax Overseas Crypto Accounts Under CARF
The White House is reviewing a new Internal Revenue Service (IRS) proposal called “Broker Digital Transaction Reporting,” which aims to bring the United States into the global Crypto-Asset Reporting Framework (CARF). If approved, the agency can access information on Americans... -
BitMine CEO Identifies a Bitcoin-Like ‘Supercycle’ Beginning for Ethereum
Ethereum may be entering a prolonged expansion phase akin to the one that drove Bitcoin’s value to increase 100X since 2017, according to BitMine CEO Tom Lee. This perspective is presented amid a market downturn that has seen the price... -
Coinbase Opposes Move to Outlaw Rewards Linked to Stablecoin Transactions
On November 13, Coinbase challenged a request from major US banking groups to ban merchant rewards, cashbacks, and discounts for customers who pay with a stablecoin, warning that the proposal could distort competition and limit how Americans make digital payments.... -
Alibaba Revamps AI App to Take on OpenAI’s ChatGPT
Alibaba (NYSE: BABA) is making its boldest move yet into the consumer artificial intelligence (AI) space, announcing a major overhaul of its flagship mobile AI application to compete with OpenAI's ChatGPT directly. The Chinese e-commerce giant is consolidating its AI... -
Crypto Markets Eye Regulatory Breakthrough as U.S. Government Shutdown Ends
On November 12, President Donald Trump signed a short-term funding bill, ending the 43-day U.S. government shutdown. With the government reopened, key financial agencies can now resume their work. This is expected to restart efforts to create clear rules for... -
Coinbase Teams with Standard Chartered in Singapore to Boost USDC & Crypto Growth
The global crypto market witnessed a major development as Coinbase announced the launch of its Coinbase Business platform in Singapore through a partnership with Standard Chartered. This move marks Coinbase’s first international expansion beyond the United States, aiming to strengthen... -
SoFi Bank Introduces Crypto Trading for U.S. Customers
On November 11, SoFi Technologies initiated a phased rollout of cryptocurrency trading services for its U.S. customer base. This new feature will enable the purchase, sale and transfer of popular digital coins like Bitcoin from within the customer's SoFi accounts.... -
Square Rolls Out Bitcoin Payment Feature to Its 4 Million Seller Network
On November 10, the payment processor Square announced a feature enabling its network of sellers to accept Bitcoin as a payment method. This integration allows any merchant using Square’s point-of-sale system to give customers the option to pay with Bitcoin... -
Trump Media Reports $54.8 Million Q3 Loss As Its Bitcoin Holdings Climb to $1.3 Billion
Trump Media and Technology Group, which operates the Truth Social platform, reported a $54.8 million loss for the third quarter on November 8, up from $19.3 million in the same period last year. Q3 Revenue Falls as Crypto Portfolio Expands...
