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news-imageNovember 8, 2024

Detroit residents will be able to pay taxes with crypto from mid-2025

Detroit says the move to begin accepting crypto as payment for taxes and other city services was part of a broader effort to “modernize and improve” its payment channels.
Publisher: Cointelegraph
Sentiment: Positive
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Positive
cover-imageBitcoin
November 8, 2024

‘Significant Changes' Loom: SEC's Crypto Strategy Faces Potential Overhaul

Significant changes are on the horizon for the SEC, predicts Coinbase's legal chief, who foresees a Trump-led agency narrowing its focus to fraud instead of sweeping industry crackdowns. SEC Faces Reckoning — Crypto Industry Awaits New Dawn in Washington Coinbase Chief Legal Officer Paul Grewal foresees “significant changes” to the U.S.

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Positive
cover-imageNewsBTC
November 8, 2024

Binance Hits $8.3B Open Interest High—Here's What It Signals For the Crypto Market

Binance, one of the world's largest crypto exchanges, has achieved a new milestone as its open interest (OI) surged to an all-time high (ATH) of $8.3 billion, according to a report by CryptoQuant analyst Burak Kesmeci. This increase, representing a 10.24% growth over the past 24 hours, emphasizes Binance's substantial share of global crypto futures positions.

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Negative
cover-imageCoinPedia
November 8, 2024

Dean Skurka, CEO of Crypto Company WonderFi, Kidnapped in Toronto

In an event that shocked the crypto space, the CEO of WonderFi- a Canada crypto leader firm got kidnapped. He was kidnapped during rush hour in Toronto's busy downtown. How were kidnappers able to pull this off in a crowded area? Let's dig deeper into this case to understand what actually happened.

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Positive
cover-imageBlockchain News
November 8, 2024

ChatGPT Envisions the Future of Blockchain Gaming

Explore ChatGPT's insights on blockchain gaming's future, discussing digital ownership, NFTs, and industry challenges as the gaming world evolves.

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Positive
cover-imageBitcoin
November 8, 2024

Crypto Power Surge: Over 280 Pro-Crypto Allies Secure US Congress Seats

A pro-crypto Congress takes shape as more than 280 newly elected crypto-friendly allies promise to drive bold reforms, fueling momentum for a decentralized financial future. A New Congress Emerges, Driven by Crypto Voters and Rising Influence The U.S.

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Neutral
cover-imageCryptopolitan
November 8, 2024

Trumps victory could “shake things up” in crypto industry

In the lead up to the United States presidential election, Republican candidate Donald Trump made more than a few promises for the crypto industry. Now that he has been elected, big changes could be on the horizon.

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Neutral
cover-imageCryptoSlate
November 8, 2024

Trump administration considering Robinhood legal chief for SEC chair role

President-Elect Donald Trump's transition team is considering a roster of corporate attorneys and Republican regulators for leadership roles in key financial agencies, with plans to present a finalized shortlist soon, Reuters reported Nov. 7, citing sources familiar with the discussions.

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Neutral
cover-imagePYMNTS
November 8, 2024

FTX Star Witness Caroline Ellison Begins 2-Year Prison Sentence

Cryptocurrency-executive-turned-government-witness Caroline Ellison's stint in prison is officially underway. Ellison, whose testimony helped convict FTX founder Sam Bankman-Fried for fraud last year, arrived at a Connecticut low-security federal prison Thursday (Nov. 7), CNBC reported, citing a Bureau of Prisons spokesperson.

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Neutral
cover-imageCryptonews
November 7, 2024

South Korean Regulator to Rule on Corporate Crypto Investment Next Month

A South Korean financial regulator will make “a final decision” on whether or not to approve corporate crypto investment next month. The post South Korean Regulator to Rule on Corporate Crypto Investment Next Month appeared first on Cryptonews.

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Positive
cover-imageCryptoSlate
November 7, 2024

Detroit becomes first city to fully adopt crypto payments for taxes, fees

Detroit is setting a national precedent by becoming the largest US city to accept crypto for taxes and city fees. City officials announced on Nov. 7 that residents will be able to pay these expenses with crypto starting in mid-2025 through a secure platform operated by PayPal.

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Positive
cover-imageCrypto Reporter
November 7, 2024

Best Crypto to Buy for Long Term in November 2024

Cryptocurrency is still in the spotlight, and with the year winding down, a lot of us are looking at what coins have the potential to be solid investments in the long run. The market has seen its ups and downs, but some coins continue to show real growth.

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Positive
cover-imageCrypto Briefing
November 7, 2024

Detroit to become largest US city to accept crypto payments for taxes

Detroit enables crypto tax payments by 2025, integrating blockchain to modernize services and boost economic growth in the city. The post Detroit to become largest US city to accept crypto payments for taxes appeared first on Crypto Briefing.

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Negative
cover-imageCryptonews
November 7, 2024

Two Convicted in £1.5M UK Crypto Fraud Case

Two men have been convicted in a £1.5 million cryptocurrency fraud case, having defrauded at least 65 investors through cold calls and fake investment opportunities, prompting the FCA to warn the public about suspicious investment offers. The post Two Convicted in £1.5M UK Crypto Fraud Case appeared first on Cryptonews.

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Positive
cover-imageCoingape
November 7, 2024

Detroit To Accept Tax Payments In Crypto, Here's When

Detroit is becoming the biggest US city whose resident will be able to settle their tax payments in cryptocurrency, city officials announced Thursday. The move will make Detroit the largest US city to accept crypto payments for public services.

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Positive
cover-imageCrypto Briefing
November 7, 2024

Trump's crypto agenda: 10 things he says he will do as president

Trumps crypto agenda promises a series of key actions, with the most important including Bitcoin reserves, blocking CBDCs, and establishing the US as a crypto hub. The post Trump's crypto agenda: 10 things he says he will do as president appeared first on Crypto Briefing.

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Neutral
cover-imageBenzinga
November 7, 2024

The Trump Effect: A Deep Dive Into How The Crypto Landscape Will Change In 2025 And Beyond

Donald Trump's election win is expected to impact the regulatory landscape for cryptocurrencies, with industry experts advocating for clear, global policies to support mainstream crypto payments. With the potential for regulatory change under Trump's administration, experts tell Benzinga that clear regulations and technological advancements are essential for building consumer trust and expanding the utility of crypto in daily transactions.

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Positive
cover-imageCrypto news
November 7, 2024

Detroit to accept crypto payments for taxes and city fees

Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments. Starting mid-2025, residents can use crypto to make payments through a platform managed by PayPal, Detroit officials announced today.

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Positive
cover-imageCryptoSlate
November 7, 2024

Crypto market remains bullish following Fed rate cut

Following a meeting on Nov. 7, the Fed's Federal Open Market Committee (FOMC) cut the US interest rate by another 25 basis points (bps), lowering it to 4.5% from 4.75%. The crypto and equities markets remained unfazed, as investors likely already priced the cut.

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Positive
cover-imageCrypto news
November 7, 2024

Binance's Changpeng Zhao is $12.1b richer due to Trump victory: report

Binance founder Changpeng Zhao's net worth reportedly surged by $12.1 billion in a single day. On November 6, it was confirmed that Donald Trump won the 47th presidential election in the United States, raising Zhao's net worth by $12.

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Negative
cover-imageCrypto Mufasa
November 7, 2024

Gary Wang Seeks Leniency for Key Role in FTX Probe

Wang, a software engineer and one of the original architects of FTX, is the first to admit to the misconduct that contributed to the downfall of the platform. Court filings reveal that he voluntarily stepped forward in December 2022, just weeks after FTX's abrupt collapse.

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