US Justice Department Pushes for Three-Year Prison Sentence for Binance Founder Changpeng Zhao: Report

April 25, 2024 The Daily Hodl

Binance

The U.S. Department of Justice (DOJ) is reportedly seeking a tougher sentence for Binance founder Changpeng Zhao for violating money laundering laws. According to Reuters, US prosecutors want Zhao to serve three years in prison, or twice the maximum 18 months recommended under federal guidelines. In November, Zhao stepped down as CEO of Binance after […]

The post US Justice Department Pushes for Three-Year Prison Sentence for Binance Founder Changpeng Zhao: Report appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

Will the SEC Approve a Spot Ethereum ETF? Bloomberg Analyst Eric Balchunas Says He’s ‘Pessimistic’ – Here’s Why

April 25, 2024 The Daily Hodl

Bitcoin

Bloomberg exchange-traded funds (ETFs) analyst Eric Balchunas believes the odds of the U.S. Securities and Exchange Commission (SEC) approving a spot Ethereum (ETH) ETF by late May are low. Responding to a question regarding a post he published on the social media platform X saying he’s pessimistic about the approval of an ETH spot ETF, […]

The post Will the SEC Approve a Spot Ethereum ETF? Bloomberg Analyst Eric Balchunas Says He’s ‘Pessimistic’ – Here’s Why appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

April 24, 2024 The Daily Hodl

SEC Looking for ,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report

crime

The U.S. Securities and Exchange Commission (SEC) is reportedly looking to hit the disgraced founder of the Terra ecosystem with a multibillion-dollar fine. According to a new report by Bloomberg, the regulatory agency is seeking a $5.3 billion fine against Do Kwon for his role in the downfall of the Terra ecosystem in 2022, alleging […]

The post SEC Looking for $5,300,000,000 Penalty Against Terra-Founder Do Kwon, Alleging ‘Brazen Misconduct’: Report appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

Presidential Hopeful Robert F. Kennedy Says He’ll Put Entire US Budget ‘On Blockchain’ for Transparency: Report

April 24, 2024 The Daily Hodl

Blockchain

US presidential candidate Robert F. Kennedy says that he will employ blockchain technology in public finances if he wins the nation’s highest political office, according to a report by The Hill. The report cites Kennedy saying at a rally in Michigan that he will use blockchain technology to enhance transparency and accountability in US public […]

The post Presidential Hopeful Robert F. Kennedy Says He’ll Put Entire US Budget ‘On Blockchain’ for Transparency: Report appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

World Economic Forum Says 98% of Central Banks Are Preparing To Launch CBDCs As Finance Enters ‘Next Phase’

April 23, 2024 The Daily Hodl

CBDCs

More than 98% of the world’s central banks are “researching, experimenting, piloting or deploying” central bank digital currencies (CBDCs), according to the World Economic Forum (WEF). The WEF, a Switzerland-based international organization focused on public-private cooperation, predicts in a new report that there could be 24 live CBDCs by 2030. The organization argues that wholesale […]

The post World Economic Forum Says 98% of Central Banks Are Preparing To Launch CBDCs As Finance Enters ‘Next Phase’ appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

Sam Bankman-Fried Agrees To Cooperate in the Investigation of Celebrities Who Promoted FTX

April 23, 2024 The Daily Hodl

Celebrities

Imprisoned FTX founder Sam Bankman-Fried has agreed to cooperate against other defendants in FTX civil litigation. The disgraced former crypto executive has faced civil litigation in Southern Florida from a patchwork of plaintiffs seeking to recover losses related to FTX’s collapse and subsequent bankruptcy in November 2022. A new document filed on Friday indicates Bankman-Fried […]

The post Sam Bankman-Fried Agrees To Cooperate in the Investigation of Celebrities Who Promoted FTX appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

Blockchain Association and Texas-Based Group Sue SEC Over Rule That ‘Threatens American Industry and Innovation’

April 23, 2024 The Daily Hodl

Blockchain Association

The Crypto Freedom Alliance of Texas (CFAT) is teaming up with the Blockchain Association (BA) to file a lawsuit against the U.S. Securities and Exchange Commission (SEC). According to a new press release from the Blockchain Association, the two groups have filed a suit against the SEC in a North Texas court. The suit focuses on the […]

The post Blockchain Association and Texas-Based Group Sue SEC Over Rule That ‘Threatens American Industry and Innovation’ appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

New York Stock Exchange Considers 24-Hour Trading, Partially Prompted by Crypto: Report

April 22, 2024 The Daily Hodl

Daily Hodl

The largest stock exchange in the world is reportedly gauging interest in becoming an around-the-clock operation. According to the Financial Times, the New York Stock Exchange’s (NYSE) analytics team is surveying interest in after-hours trading. FT says the interest is largely driven by the 24/7 world of crypto trading, which saw huge increases in retail investors […]

The post New York Stock Exchange Considers 24-Hour Trading, Partially Prompted by Crypto: Report appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions

April 22, 2024 The Daily Hodl

CEX

A new draft tax form by the Internal Revenue Service (IRS) is proposing tracking specific crypto transactions. The Digital Asset Proceeds From Broker Transactions draft indicates that taxpayers must fill out Form 1099-DA, which collects trader identification and detailed transaction data from crypto “brokers.” According to Shehan Chandrasekera, a crypto accountant and the head of […]

The post New IRS Draft Tax Form Proposes Tracking of Certain Crypto Transactions appeared first on The Daily Hodl.

Stripe bringing back crypto payments, this time with a stablecoin

New Stablecoin Bill Would Violate Free Speech Rights, Says Crypto Advocacy Group Coin Center

April 21, 2024 The Daily Hodl

bill

A nonprofit crypto advocacy group says that a stablecoin bill proposed earlier this week by two US senators would violate free speech rights. In a new article, Coin Center says that the bipartisan stablecoin bill – proposed by Republican Senator Cynthia Lummis of Wyoming and Democrat Senator Kirsten Gillibrand of New York – is unconstitutional […]

The post New Stablecoin Bill Would Violate Free Speech Rights, Says Crypto Advocacy Group Coin Center appeared first on The Daily Hodl.

Regulators