Privacy-focused cryptocurrency and payments firm MobileCoin, in collaboration with stablecoin platform Reserve, has launched a stablecoin dubbed “Electronic Dollars” (eUSD).
As the all-time highs from the last two-year bull market dissipate and it seems like a new bear market is settling in, only those talented individuals with strong convictions can find the motivation to devote themselves full-time to Web3, blockchain and crypto.
The Organization for Economic Co-operation and Development (OECD) has released its new tax reporting framework, the Crypto-Asset Reporting Framework (CARF), according to a press release Monday.
Crypto funds saw outflows totaling $5 million last week, fueled by sizable redemptions from “short” investment products, or those designed to profit from price declines, according to data from CoinShares.
A budget draft proposal submitted to parliament by Portugal’s Finance Minister Fernando Medina calls for taxing capital gains on cryptocurrency assets held by investors for less than a year.
Cryptocurrency exchange Crypto.com has made sizable efforts to downsize its workforce and brand partnerships during the bear market, reported Ad Age on Thursday.