Tag: US

Is cryptocurrency regulated? Yes, in some places. There’s a lot of debate surrounding cryptocurrency regulation around the world and it is largely about whether to embrace cryptocurrency or attack it. The skyrocketing value of crypto is now worth trillions of dollars. It is a key driver for legislative pushes to regulate cryptocurrency. And the growing […]

According to proposed legislation under the Virtual Currency Tax Fairness Act, tabled by two Senators in late July, transactions where an assets increase in value is less than $50 will not be subject to crypto income tax in the US. The proposed legislation, put together by Senator Krysten Sinema and Senator Pat Toomey, aims to […]

Ransomware is big business. The Chainalysis 2022 Crime Report estimated that in 2020, $692 million in ransoms were paid. In 2021, the conservative estimate is $602 million. The ransomware economy is diverse – approximately 140 ransomware strains received payment in 2021. Ransom amounts have also increased. In 2021, average payments were $118,000, up from $88,000 […]

Defi is a buzzword that suggests freedom, but paradoxically, the freedom it promises is held back by a lack of regulation. So will governments, public bodies, and large-scale financial and legal institutions ever really turn away from records and ledgers?  Having the ability to conduct one’s affairs, financial business, and contractual business on ‘open-ledgers’, verified […]

In many countries, the uptake of cryptocurrency and the Blockchain has been fast and extremely popular. Around the world, the increase in crypto adoption between 2012 and 2021 was considerable, sending the price of Bitcoin up by 540,000% in this time period. However, the same has not been true in communist countries, such as Russia […]