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The MetaMask crypto debit card is now live in the United States. It’s part of a small test program. The card works at any store that takes Mastercard. It connects your self-custodial wallet to real-world spending. Lorenzo Santos from Consensys puts it clearly: “The Card represents a major step in removing the friction that has traditionally existed between the blockchain and real-world commerce. This is a paradigm shift that offers the best of both worlds.” Wanna try MetaMask Card? Today we’re kicking off a limited pilot program in the United States where some of you will get your hands on MetaMask Card and try it out before it goes to a wider release. Interested? Sign up now. https://t.co/aJmRlKmxHg pic.twitter.com/wyZLMzetGA — MetaMask 🫰 (@MetaMask) December 18, 2024 Also Read: SEC Reforms Under Trump Face Setback as Senate Blocks Crenshaw Nomination Explore How MetaMask’s Crypto Debit Card Solves High Fees & Security Risks Source: Watcher Guru Key Features o...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A compliance employee of Binance—the world’s largest cryptocurrency exchange—allegedly wrote: “We need a banner ‘is washing drug money too hard these days—come to Binance we got cake for you.” You might also like: Zhao’s resignation and guilty plea: a new era for Binance and crypto? According to court documents, Binance launched in 2017, at the heels of  the shuttering of Bulgaria-based bitcoin exchange BTC-e. It emerged as the largest digital asset platform in the world replacing BTC-e by prioritizing growth and profits over compliance with US laws by not implementing the core components of an effective anti-money laundering (AML) program with comprehensive know-your-customer (KYC) protocols or systematically monitoring transactions or filing a suspicious activity report (SAR) with FinCEN, a US financial watch...

The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs. On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto. Among its many proposals, the bill establishes basic definitions, provides an exemption for digital currency transactions and harmonizes the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), delineating regulatory swim lanes and granting a significant jurisdictional expansion to the CFTC. The bill is perhaps most productively seen...

Also Read: US DOJ Digs for Answers in Sam Bankman-Fried’s Defense advertisement Spot Bitcoin ETF Approval Chances Rise In a significant development, two Bloomberg analysts Eric Balchunas and James Seyffart revealed the improved chances of approval for the spot ETF in the United States . This comes after the US Court ruling on August 29, 2023, granting the Grayscale motion to convert the company’s Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Earlier, Balchunas stated that the chances of spot ETF approval now reached 75% in 2023, which means the odds are more for the nod than not. He tweeted: “James Seyffart and I are upping our odds to 75% of spot Bitcoin ETFs launching this year (95% by end of ’24). While we factored Grayscale win into our prev 65% odds, the unanimity & decisiveness of ruling was beyond expectations and leaves SEC w “very little wiggle room.” Further, the analyst left little room for the ETF app...

Julian Assange is currently locked in a London jail fighting a four-year court battle against his extradition to the US. The “Don’t Extradite Assange Campaign,” dedicated to gathering support against the extradition of Wikileaks founder Julian Assange to the United States, is launching a virtual political rally in the metaverse . Assange has been confined within Belmarsh Prison in London since April 2019, fighting a court battle against his extradition to the U.S., where he could potentially face up to 175 years in prison on charges of espionage for leaking information about the wrongdoings of the US agencies in Iraq and Afghanistan. Assange founded WikiLeaks, which have been known to publish classified and sensitive information against wrongdoings of various governments in the public domain. However, his journalistic work exposing governments has made him a primary target of several agencies, especially in the United States. The Julian Assange campaign, backed by Assange and his ...

Also Read: ETH Price Prediction: How Spot ETF Uncertainty Could Trigger 17% Drop advertisement Coinbase Would Have Acquired Stake In Ripple? Attorney Deaton blamed the US SEC lawsuit for the slowdown in progress of Ripple projects. If not for the lawsuit, the company would have been in such a position that it would have been acquired by crypto exchange Coinbase, in the context of its acquiring stake in Circle, the company behind the stablecoin USDC, he questioned. “What could have happened regarding adoption of XRP during the last 3 years, if the lawsuit was never filed? Would Coinbase today be announcing it acquired a stake in Ripple , instead of Circle?” Impact On XRP Price The lawsuit had also undoubtedly affected the token price, which despite the heavy headwinds stood strong thanks to the support from community. The attorney had also reminded that Coinbase was heavily promoting XRP before the SEC filed lawsuit in December 2020, a...

Also Read: XRP Advocate Deaton Challenges SEC’s Ripple Verdict Appeal Igniting Legal Debate advertisement XRP Trading Pairs On Gemini Earlier on Thursday, CoinGape reported that the token was made available for deposits on the platform. The Gemini team released a statement on the relisting announcement, stating that the Gemini mobile app and website now supports XRP trading for USD, GBP, EUR, CAD, SGD, HKD, and AUD pairs. The tokens can be stored in Gemini exchange wallet but is not yet available in Gemini Custody, it said. Gemini XRP Trading Active The support for XRP Ledger now makes Gemini a platform with compatibility for 14 blockchain networks, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC). With a peer-to-peer network of nodes run by Ripple , the XRP Ledger is supported by the native XRP token. Ripple , armed by XRP , has a range of products in its crypto solutions business. The Ripple products...

The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.  The ruling categorizes cryptocurrency staking reward s, along with various other income sources such as money, property, and services, as gross income, necessitating their reporting in the year they were obtained. New guidance The Internal Revenue Service (IRS), the United States’ primary tax authority, has issued Revenue Ruling 2023-14, offering guidance on the taxation of income generated through crypto staking, a process where users can pledge their cryptocurrency toward validating blockchain transactions in exchange for a reward . Under this government ruling, cryptocurrency staking reward s, along with money, property, and services received, are now classified as gross income, meaning  taxpayers must report them in the year they were earned. This clarification aims...

The recent investment disclosure contrasts with his claims in May that he was not an investor in Bitcoin. Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not an investor in the leading cryptocurrency. A record obtained by CNBC shows Kennedy Jr. owned between $100,001 and $250,000 worth of Bitcoin at the end of June. The investment was made after his speech at the Bitcoin 2023 conference in May, when he announced that his campaign would be the first to accept Bitcoin donations in the United States. During the conference , the candidate also denied investing in Bitcoin. “I am not an investor, and I am not here to give investment advice,” he stated. The financial disclosure filed on June 30 does not specify when the cryptocurrency was purchased, only that it has returned less than $201 since the investment was made. The filing does not indicate who made the purchase in the Kennedy family, altho...

The study would examine the possible impact of holding crypto and how the state would custody a digital currency. A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin (BTC) has passed the lower house of the state’s legislature. On June 28, the House passed the bill which would commission a $50,000 study to examine “acquiring, securely storing, insuring, and liquidating” both gold bullion and “virtual currency [...] such as Bitcoin.” The study would investigate what impact gold and cryptocurrency holding s would have if North Carolina held part of its funds in crypto and gold. Specifically, it would research if such holdings would be a hedge against inflation and “systemic credit risks” along with if gold and crypto could reduce volatility and increase returns on its portfolio. Another #Bipartisan Victory in NC w/ passage of HB721 | #Bitcoin/#DigitalAssets/Custody Study Bill -Passed 75-38 -GOP + Dems Came Together -Direct...

Also Read: EDX Markets Backed By Fidelity, Citadel, Schwab Starts Crypto Exchange Services advertisement Blackrock will continue its partnership with Coinbase, by using its custody service and spot market data for its ETF product. As and when launched, the Blackrock Bitcoin ETF could well be in a pole position to bring in institutional investors to the Crypto Market . WisdomTree Bitcoin ETF The company said it is looking to gain exposure to the price of Bitcoin with its Bitcoin Trust while maintaining low expenses. The Trust will hold Bitcoin to achieve this goal, the company said in its SEC filing on Tuesday. Also, the WisdomTree Bitcoin ETF will use an independent pricing source in valuing its Bitcoin .  On the other side, Grayscale has been fighting in court over the SEC’s rejection of its spot Bitcoin ETF application. Recommended Articles C...