Bitcoin Racing and Richardson Racing have joined forces to compete in the Porsche Carrera Cup, one of the biggest racing series in the United Kingdom. The team is not only looking to win awards but also promote crypto. The team hired a driver who is new to the series: Scottish-Salvadoran Sebastian Melrose. He made his debut […]
Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’
Neel Kashkari, President of Federal Reserve Bank of Minneapolis, shared his views on Friday’s collapse of cryptocurrency exchange FTX. He tweeted: “This isn’t [a] case where one fraudulent company exists in a serious sector,’ he said, expounding: Crypto is an entire myth. It is not useful for payments. There is no inflation hedge. There is no scarcity. No taxing […]
Argentine Tax Authority AFIP Notified 4,000 Crypto Holders to Ammend Their Tax Statements
The Argentine Tax Authority uses reports from local exchanges to cross-check the data in tax statements and crypto holdings of multiple taxpayers. According to reports, the organization sent out notifications about these issues to 3,997 Argentine citizens. They will be able to correct their statements and include their crypto holdings, as well as pay additional taxes. […]
Binance Creates Global Advisory Board to Tackle Regulatory Challenges
Binance, the largest digital asset exchange by trading volume, has created a Global Advisory Board. According to a press release, the body includes ‘distinguished specialists in public policy and government, finance, economics and corporate governance’. The main responsibility of the board is to advise Binance about how to handle the most complicated regulatory, political and social […]
World’s largest Bitcoin ATM provider reveals it’s going public
Bitcoin Depot is the largest Bitcoin ATM provider in the world, according to data compiled by Coin ATM Radar. It has announced that it plans to go public via a merger agreement with a special-purpose acquisition corporation (SPAC). According to the press release on Thursday, the Atlanta-based ATM provider has entered into a definitive agreement with SPAC GSR II […]