The UK Treasury Committee has said consumer trading and investing in crypto should be regulated as gambling rather than as a financial service. It said crypto has no intrinsic value.
Ether RSS
Ethereum cryptocurrency and its loyal crypto-miners are at an inflection point. The transition from PoW to PoS was smooth, but that has made expensive crypto mining rigs all but irrelevant.
Bipartisan legislation being proposed would make small crypto transactions exempt from capital gains taxes in the U.S. This could help cryptocurrencies better perform their namesake task.
Cryptocurrencies are being used to facilitate the transfer of millions of dollars in aid to Ukraine. The firm Elliptic said that over $16.7 million has been sent to the Ukrainian government and NGOs.
Bitcoin has tumbled more than 10% this morning hitting $43,000. This comes just weeks after Bitcoin hit a new high of $69,000. El Salvador's President also tweeted to say the country bought more BTC.
UNICEF has announced that it will now be accepting donations in the form of bitcoin and ether. This will be made possible through the organization's newly established Cryptocurrency Fund.
Bitcoin experienced a notable dip in prices today, dropping 12% to $8000. Other cryptocurrencies have had even harsher drops as they all face a myriad of challenges and uneasiness from investors.
A compromised employee's computer caused the leak of many customers' personal information, leading to a phishing campaign resulting in billions of won in damages. Affected users to be compensated.
