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Coinbase execs deny lobbying against Bitcoin de minimis tax exemption

Coinbase executives have refuted claims that the company is lobbying against a de minimis tax exemption for Bitcoin transactions. This exemption would allow individuals to make small purchases with cryptocurrencies without incurring tax liabilities. The executives emphasized their support for such legislation, stating that it would benefit everyday users and promote cryptocurrency adoption. They clarified that any lobbying efforts are aimed at creating a favorable regulatory environment for the broader crypto industry. The controversy arose amid discussions in Congress regarding potential changes to cryptocurrency tax regulations.

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Crypto Trader Loses Nearly $50M in Aave Trade, Protocol Offers $600K Fee Refund

A crypto trader suffered a significant loss of nearly $50 million during a trade on the Aave protocol due to a series of market fluctuations and liquidation events. In response to the incident, Aave has offered a fee refund of $600,000 to the trader as a gesture of goodwill.

Crypto investor turns $50 million into $36,000 in one botched move

A crypto investor experienced a dramatic loss, turning an initial investment of $50 million into just $36,000 due to a significant error in executing a trade. The investor mistakenly sold a large amount of cryptocurrency at a steep discount, which led to the massive financial downturn. This incident highlights

White House Calls for Retraction of ABC Report Over Iran Drone Threat

The White House has requested that ABC News retract a report claiming that Iran is supplying drones to Russia for use in the Ukraine conflict. The administration argues that the report is misleading and does not accurately reflect the current intelligence on Iran's drone capabilities. Officials emphasize that

Stricter MiCA rules could thin crypto industry across the EU, says Swiss wealth manager

A Swiss wealth manager has warned that the implementation of stricter Markets in Crypto-Assets (MiCA) regulations could lead to a significant reduction in the number of crypto firms operating within the European Union. The new rules aim to enhance consumer protection and increase regulatory oversight but may also create barriers

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Crypto Trader Loses Nearly $50M in Aave Trade, Protocol Offers $600K Fee Refund

Crypto investor turns $50 million into $36,000 in one botched move

White House Calls for Retraction of ABC Report Over Iran Drone Threat

Stricter MiCA rules could thin crypto industry across the EU, says Swiss wealth manager