APEC finance ministers to share perspectives on crypto at meeting in San Francisco
The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The highlight of the event will surely be on the sidelines, when United States President Joe Biden and Chinese leader Xi Ping meet on Nov. 15, but with the focus of the organization being on the region ...
US Congressmen blame crypto firms for ‘tax gap’ in letter to Treasury
Members of the United States Congress — Brad Sherman and Stephen Lynch — have penned a letter to the heads of the Treasury and the Internal Revenue Service (IRS), demanding the implementation of tax regulations for the crypto industry.In a letter addressed to Treasury Secretary ...
Circle to Reduce USDC Token Collateral Due to Rising US National Debt
Circle, the issuer of the popular USDC steblecoin, is going to reduce the percentage of U.S. dollars in token collateral as the country may default due to rising national debt. Circle CEO Jeremy Allaire told Politico that the company will focus more on short-term U.S. Tre ...
Former Coinbase CTO Burns $1 Million as U.S. Economy Enters “Fiat Crisis”
Executive manager of the largest U.S. cryptocurrency exchange and his opponents prematurely stopped betting on the rise of bitcoin. Former Coinbase CTO accuses U.S. authorities of hiding critical information. Balaji Srinivasan said on soc ...