Category: crypto

Ripple’s CTO David Schwartz believes that XRP Ledger’s utility is expanding beyond payments to tokenized real-world financial assets, with enterprises testing blockchain-based finance. RLUSD’s multichain rollout provides liquidity for tokenization, payments, and DeFi products. XRPL activity increased in Q1 despite weaker XRP market performance, showing potential for future growth in tokenized securities and more traditional…

Illinois has passed a budget bill for fiscal year 2027 that includes a 0.2% tax on cryptocurrency transactions and new registration rules for digital asset brokers. Industry groups are opposing the measure, arguing that it would harm the local digital asset industry. Policymakers across the U.S. are examining new approaches to digital asset oversight and…

Greece is preparing to introduce a 15% capital gains tax on cryptocurrency profits, with the first €500 exempt. The legislation aims to incorporate cryptocurrencies into the tax system, similar to efforts in Israel and Illinois. The move reflects a global trend of governments seeking to tax digital asset activities to increase revenue.

Coinbase CEO Brian Armstrong believes that despite Bitcoin’s recent decline, key parts of the crypto industry are still growing. He points to the expansion of stablecoins, derivatives, and prediction markets as evidence of this growth. Armstrong also highlights the importance of U.S. crypto policy in global economic competition with China.

Arthur Hayes sold his entire Worldcoin position on June 6 after previously defending the trade. He had also recently exited other altcoins like HYPE, NEAR, and Zcash within two days. This move came after Worldcoin saw a significant rally, and Hayes cited various factors for his decision to sell.

Bitcoin’s recent drop has been linked to retail demand for SpaceX’s record IPO, but data shows no unusual outflows of stablecoins during the selloff. Withdrawals of Bitcoin and Ether from exchanges were observed, indicating buyers moving coins to private wallets. Brokerage data is needed to confirm the connection between crypto selling and the SpaceX IPO.

Zcash faced fresh scrutiny due to a patched Orchard Pool vulnerability that sparked a debate over hidden risks for users and investors. Dragonfly partner Haseeb Qureshi argued that the immediate risks may be overstated, as counterfeit ZEC would face obstacles if an attacker tried to sell them on major exchanges.

The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts covering DeFi lending, stablecoins, staking rewards, and other digital asset transactions. The proposals aim to introduce new rules and tax relief for certain transactions while extending anti-abuse measures. They will be discussed at a June 9 congressional hearing.

Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. He emphasized the importance of not favoring one dominant ideology and called for different groups, including Maximalists, Capitalists, Technologists, and Fundamentalists, to contribute to Bitcoin’s growth. Despite concerns surrounding Strategy’s…

Cameron Winklevoss defended Zcash after a critical bug was discovered that could have allowed unlimited counterfeit ZEC creation. The vulnerability was fixed, but market uncertainty led to a sharp selloff in ZEC and related stocks. Arthur Hayes sold his entire ZEC position, while Cypherpunk Technologies denied any evidence of exploitation.