US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on Monday, the proposal would increase the tax rate on long-term capital gains from the existing 20% to… Continue reading US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Graham says adding amnesty to infrastructure bill could be ‘dumbest idea’ in history of the Senate, WH

Sen. Graham says he’s willing to walk out just like the Texas Democrats South Carolina Republican tells ‘The Ingraham Angle’ how he will handle the infrastructure bill Sen. Lindsey Graham, R-S.C., told Fox News on Monday that the Democratic push to add amnesty to the multi-trillion-dollar “infrastructure package” is a “power grab” that may be… Continue reading Graham says adding amnesty to infrastructure bill could be ‘dumbest idea’ in history of the Senate, WH

Biden adding trillions in spending will put US in ‘economic downturn’: House GOP leader McCarthy

Biden adding trillions in spending will put US in ‘economic downturn’: Kevin McCarthy House Minority Leader Kevin McCarthy provides insight into President Biden’s approach to infrastructure and spending. House Minority Leader Kevin McCarthy argued that President Biden’s spending plan is bad for the U.S. economy on FOX Business’ "Mornings with Maria" Friday. His comments come one… Continue reading Biden adding trillions in spending will put US in ‘economic downturn’: House GOP leader McCarthy

Bitcoin Cash [BCH] developers close to adding privacy to BCH transactions

The developers in the Bitcoin Cash ecosystem, the 4th largest cryptocurrency in the world and much disputed for hard forking from Bitcoin, are now working on a project called Cashshuffle. Under this, a concept called Tokenshuffle lies that was formed by the community developers to anonymize BCH transactions. The developers have reportedly been focused on… Continue reading Bitcoin Cash [BCH] developers close to adding privacy to BCH transactions

U.S Cryptocurrency Exchanges Adding Guidelines for Self-Regulatory Organization

The announcement says that representatives of Virtual community association (VCA) will be meeting on September. However, the association initially includes the participation from major cryptocurrency exchanges that serves U.S. crypto-customers. The representatives will discuss plans to form a self-regulatory body. However, this plan will be rolling out the best practices for the industry and set… Continue reading U.S Cryptocurrency Exchanges Adding Guidelines for Self-Regulatory Organization

Not A Fad: CFA Institute Adding Cryptocurrency to Exam, Buffering Wall Street

Cryptocurrency Adoption–CFA Institute, which distributes the exam for advisers to earn the coveted credential of Chartered Financial Analyst, has announced it will be adding topics related to cryptocurrency and blockchain in next year’s iteration of the exam. In a bid to keep up to date with the shifting landscape of financial services, the CFA Institute… Continue reading Not A Fad: CFA Institute Adding Cryptocurrency to Exam, Buffering Wall Street

Kraken Hints at Adding Coins with Mysterious Tweet

All Cryptocurrencies | CoinMarketCap Although it seems highly unlikely the company will add over 1,600 new currencies in one go, expanding on its existing offerings seems more than warranted. With so many cryptocurrencies finding niche markets, tapping into different revenue streams has become a lot more appealing for exchanges. Finding the right currencies, tokens, and… Continue reading Kraken Hints at Adding Coins with Mysterious Tweet

Best decision taken by Ripple [XRP]’s CEO is not adding ‘Bit’ or ‘Coin’ to the company name

Ripple’s CEO Brad Garlinghouse became the dominant focal point before the press at the InterContinental Boston. He was met by Lee Simpson, Stifel Tech Analyst, who interviewed him further. It’s overemphasized to say that Brad Garlinghouse has been on a Bitcoin trashing marathon. Brad, is a Bitcoin investor nevertheless he is the CEO of Ripple… Continue reading Best decision taken by Ripple [XRP]’s CEO is not adding ‘Bit’ or ‘Coin’ to the company name