Crypto News

Alan Joseph, a Lancaster, Massachusetts man, was convicted on Nov. 22 for running an unlicensed business that converted cash into bitcoin to aid criminal activities, the U.S. Department of Justice (DOJ) said on Tuesday. Between August 2020 and February 2021, Joseph conducted transactions, including a $25,000 cash-to-bitcoin exchange, for an undercover agent who claimed involvementSource link

While privacy coins as a category have since tapered off, decentralized finance's market cap has jumped 8.2% on the day.Source link

Russia’s new crypto tax law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. Russia’s New Crypto Tax Rules Signal a Major Shift in Digital Currency Regulations The Federation Council, Russia’s upper house of parliament, approved a government-initiated bill outlining the taxation framework for digitalSource link

We don't know a lot yet about Donald Trump's crypto plans, but we can at least see what's happened so far.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.A crypto czar … and a crypto ambassadorThe narrativeNearly three weeks after the 2024 election, we're still waiting for clear signs of how President-elect Donald Trump's administration might approach crypto. Here's what we know so far.Why it mattersA large chunk of the crypto industry is betting that Trump's administration will be friendlier toward crypto than President Joe Biden's administration was. Companies are filing for new exchange-traded products tied to crypto and prices shot up in the immediate...

The Qingdao-based company said it plans to employ quantitative trading strategies to manage market volatility and enhance returns.Source link