Crypto News
Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000
In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested thatSource link
Ripple Starts Testing Its New Stablecoin on Ethereum and XRP Ledger
The company moves forward with its Ripple USD (RLUSD) coin, but will still need regulatory approval for a full launch.Source link
Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum
Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. Ripple’s USD-Backed Stablecoin Enters Beta Phase Ripple usd or RLUSD, designed to maintain a 1:1 valueSource link
IRS Shares New Crypto Tax Form, Invites Industry Input
The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.Source link
How Midnight Society Moves Forward After Dr. Disrespect ‘Shock’—And What’s Next for Deadrop
In an exclusive interview, Midnight Society co-founder Quinn Delhoyo discusses Deadrop's future and moving on from Dr. Disrespect.Source link