Category: crypto

The IMF has approved a $1.4 billion arrangement for El Salvador under the Extended Fund Facility, following significant policy reforms including restrictions on the Bitcoin project. The agreement aims to stabilize the economy, with the government making Bitcoin acceptance voluntary and ensuring tax payments in U.S. dollars. President Bukele’s future Bitcoin initiatives remain uncertain.

US lawmakers are working on a Congressional Review Act to challenge the IRS broker rules that require DeFi participants to report user data. Republican Senator Ted Cruz is leading the efforts. The rule imposes tax reporting requirements on digital asset entities and classifies DeFi developers as brokers, sparking criticism and concerns about privacy rights. The…

SBI VC Trade in Japan is the first company approved to handle stablecoins like USDC. They announced registration as an Electronic Payment Instruments Business Operator, allowing them to facilitate stablecoin use. The firm plans to introduce USDC-related services on March 12 and expand adoption, aligning with local regulations and enhancing digital asset landscape.

The Bank of Israel has proposed a design for a central bank digital currency (CBDC) called the Digital Shekel (DS), catering to both retail and wholesale users. Despite being in the exploratory phase, the CBDC aims to serve as an alternative to cash and improve financial infrastructure efficiency. This move aligns with global efforts to…

Tim Delhaes, CEO & Co-founder of Grindery, discusses the shift in mood in the crypto space. Some see it as a rigged casino where insiders profit at the expense of others. The threat of centralized gatekeepers, regulatory challenges, and the need for real alternatives are highlighted as key issues facing the Web3 industry.

The hearing in the case against Terraform Labs co-founder Do Kwon has been postponed due to new evidence submitted by prosecutors, leading to a delay in the trial scheduled for January 2026. Kwon faces fraud charges related to the collapse of Terraform Labs’ stablecoin, TerraUSD, resulting in $40 billion in losses.

Bitcoin (BTC) saw a price increase to $88,900 after dipping to $81,500, recovering most losses over 24 hours. Ethereum (ETH) also rose to $2,217 before retracing to $2,176. Trump’s announcement of a US “Crypto Strategic Reserve” caused volatility in the market, with Bitcoin reaching $94,000 briefly before retracing. Market concerns around centralization and reactionary tariffs…

Aave has proposed a comprehensive update to its economic framework, focusing on revenue distribution, staking incentives, and liquidity management. The proposal includes the establishment of the Aave Finance Committee (AFC) and a buyback program to enhance token value. Additionally, Aave plans to finalize the transition from LEND to AAVE and introduce Anti-GHO rewards mechanism.

Bitcoin has been experiencing volatility due to market factors and geopolitical events, making it difficult to predict its price. Standard Chartered’s Geoffrey Kendrick believes recent declines in Nasdaq futures and Bitcoin prices may signal a bottom, but uncertainty around issues such as tariffs and tax policy continue to pose downside risk. President Trump’s announcement of…

Colombian lawmakers introduced a bill to regulate the country’s crypto sector, aiming to create clear rules for investment and growth. The proposed legislation includes measures to prevent money laundering and terrorist financing, enhance investor protection, and introduce a licensing system for Virtual Asset Service Providers. Colombia ranks among the top five in Latin America for…