Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal

    Bittrex has aligned its arguments closely with those made by Coinbase. Cryptocurrency exchange Bittrex has submitted a motion to dismiss in its legal dispute with the United States Securities and Exchange Commission (SEC). In its recent court filing, Bittrex argues that the SEC does not have the authority to regulate cryptocurrencies as securities unless explicitly granted…

    How blockchain is reshaping the entertainment industry — Q&A with EarnTV

    Television will no longer be a one-way street but a dynamic and immersive experience that reflects users’ desires and interests. In the ever-evolving landscape of entertainment, the convergence of watch-to-earn and blockchain technology is reshaping the way users consume and engage with media content. This dynamic fusion offers a range of possibilities, from rewarding viewers for their…

    Kraken ordered by court to disclose user data to IRS for tax compliance

    Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to…

    The future economy: Anticipating the central role of crypto payments in financial transactions

    With advances in scaling and interoperability, cryptocurrencies are more ready than ever for widespread adoption. With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments. Crypto payments at scale are currently prevented by regulation, lack of understanding and mass adoption, as…

    Coinbase layer-2 network Base closes in on mainnet launch

    While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled four out of five of their criteria for launch. Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been…

    UK crypto bill reaches final stage, on track for passage

    The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law. A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June…