Tag: Report

Solana Event Shortened Amid Crypto Crackdown in China: Report

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Some members of Solana’s Chinese community have reportedly expressed concerns that attendees were denied entry to a blockchain event as the country continues its crackdown on digital assets. According to a Wednesday report from the South China Morning Post, the Solana Accelerate APAC series event being held in Shenzhen on Tuesday was cut short amid claims of overcrowding, “leading the local police to conduct an inquiry on site.” Event organizers confirmed the venue had exceeded capacity and canceled the final hackathon “for public safety,” per the report. The police presence,…

CZ Weighing Lawsuit Against US Senator over Money Laundering Claim: Report

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Former Binance CEO Changpeng “CZ” Zhao is reportedly considering filing a libel suit against Massachusetts Senator Elizabeth Warren over claims related to him allegedly bribing US President Donald Trump for a pardon. According to a Tuesday New York Post report, Zhao’s lawyer, Teresa Goody Guillén, a partner at Baker & Hostetler, said the former Binance CEO plans to file a lawsuit unless Warren retracts claims she made in an Oct. 23 X post following his presidential pardon.  The social media post, which now includes context from readers, claimed CZ “pleaded…

Polymarket Will Likely Start Initial US Relaunch in November: Report

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Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks. According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting.  The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for…

Canada Could Unveil Stablecoin Rules in Federal Budget: Report

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The Canadian federal government is reportedly preparing new rules for stablecoins, with an update potentially coming in next week’s federal budget, signaling that more countries may follow the United States’ lead after the landmark passage of the GENIUS Act. Citing people familiar with the discussions, Bloomberg reported Monday that government officials have been meeting with regulators and industry stakeholders for several weeks. The update on stablecoin regulation could be unveiled as early as Nov. 4, when Finance Minister François-Philippe Champagne presents the federal budget. Canada lacks a comprehensive legal framework…

What Happens When You Don’t Report Your Crypto Taxes to the IRS

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Key takeaways Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Maintaining detailed logs of trades, staking rewards and gas fees helps calculate accurate gains and ensures smoother tax filings.…

Trump To Nominate SEC Crypto Official As CFTC Chairman: Report

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US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz. Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing. Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community,…

Bitcoin briefly surges past $112,000 following 3% inflation report

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Key Takeaways Bitcoin’s price exceeded $112,000 after a 3% inflation report, reflecting positive market sentiment. Softer inflation data was interpreted as bullish for risk assets like Bitcoin, amid ongoing Federal Reserve policy discussions. Share this article Bitcoin briefly surged past $112,000 today following a 3% inflation report that boosted investor sentiment toward digital assets. The flagship crypto asset climbed as traders interpreted the softer inflation data as supportive for risk assets amid ongoing monetary policy discussions. Recent market activity shows Bitcoin’s heightened sensitivity to macroeconomic indicators, with traders on X…

Trump Admin Eyes Investment in US-Based Quantum Computer Companies: Report

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The United States is reportedly in “early talks” with quantum computing companies to provide financial assistance to the sector, citing national security interests. Department of Commerce officials are exploring investing in quantum computer technology using funds earmarked for the CHIPS Act to remain competitive with China, Bloomberg reported on Thursday. The officials signaled that the government wants something in exchange for the financing, which could include a stake in the companies, the sources said.  The US government offered a similar deal to chip manufacturer Intel in August 2025, when it…

Huobi Founder Raises $1B to Buy Ether: Report

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Li Lin, the founder of cryptocurrency exchange Huobi and chair of investment company Avenir Capital, has reportedly raised about $1 billion as part of a strategy to invest in Ether. According to a Bloomberg report on Friday, Li has partnered with Fenbushi Capital co-founder Shen Bo, HashKey Group CEO Xiao Feng, and Meitu founder Cai Wensheng to launch an Ether accumulation strategy through a Nasdaq-listed shell company. The project raised $1 billion, which included $500 million from HongShan Capital Group and $200 million from Avenir. With the support of the Ether…

Ripple Labs plans $1 billion digital asset treasury to buy XRP: Report

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Key Takeaways Ripple Labs is spearheading a $1 billion fundraiser aimed at accumulating XRP tokens. The initiative is part of Ripple’s strategy to place XRP at the heart of global financial system transformation. Share this article Blockchain payments firm Ripple Labs is spearheading a $1 billion fundraising initiative to acquire XRP, the native token of its blockchain network, Bloomberg reported today. The company is said to be setting up a digital asset treasury to manage its XRP reserves. Funding for the treasury will come from a SPAC, a type of…