What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. You Need More ACS It looks…
The U.S. Internal Revenue Service (IRS) could begin to tax non-fungible tokens (NFTs) as it has classified them as digital assets alongside virtual currencies in its updated draft instructions for the 2022 tax year. According to the IRS, digital assets are “digital representations of value that are recorded on a cryptographically secured distributed ledger or…
Finland has sold 1889.1 Bitcoin (BTC) from its confiscated stash, earning roughly $48 million, Bloomberg News reported July 21. Reports revealed that the sold Bitcoins were connected to digital assets seized by the authorities for facilitating narcotics and doping substances transactions. Bloomberg reported that the confiscated Bitcoin units went as far back as 2018 and…
U.S. Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stablecoins, Reuters reported. According to the report, the Treasury Secretary also met Japan’s finance minister, Shunichi Suzuki, to discuss the national currencies of both countries. The U.S. dollar has recently been faced with increasing…
Bitcoin’s (BTC) price has crashed under $20,000 following news that inflation in the United States has hit its highest point in 40 years. According to the latest statistics released by the US Bureau of Labor Statistics, the Consumer Price Index for June 2022 was 9.1%, up from the 8.6% recorded in May 2022. The latest…
U.S. and South Korean authorities have agreed to collaborate on the investigation of Terra’s implosion, South Korea’s Yonhap News Agency reported July 6. South Korea’s Justice Minister Han Dong-hoon met with Andrea Griswold, co-chief of the Securities and Commodities Task Force, and Scott Hartman, chief of the Securities and Commodities Fraud Task Force, at the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A new Deloitte survey has revealed that US retailers believe that crypto adoption among businesses will rise to a new high as 83% of them think ‘digital currencies’ will become a legal tender within the next ten years. The report highlighted that…
The U.S. has announced new sanctions against entities connected to Russia, and this time around, one of them is a crypto mining company, according to a Reuters report. BitRiver operations hit with sanctions According to the US Treasury Department, the over 40 entities and people include the holding company of Moscow-based Bitcoin miner, BitRiver. It…
Anyone who seeks to help Russia bypass economic sanctions will be held accountable by the US government, says Deputy U.S. Treasury Secretary Wally Adeyemo. This follows the punitive measures that the US and its allies have imposed on Russia for its decision to invade Ukraine. Treasury Department warns anyone against helping Russia bypass sanctions Since…
Legislators in the United States appear bent on limiting the impact of El Salvador’s Bitcoin adoption on the country’s financial system. Yesterday, a US Senate Committee passed the “Accountability for Cryptocurrency in El Salvador (ACES) Act” Bill. Though the bill is still up for a vote by the full Senate, indications have emerged that El…