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NYDFS wants to increase transparency from cryptocurrency companies operating in the state, particularly in their processes for listing and delisting cryptocurrencies.
The new framework will require firms to develop their coin-listing policies in three key areas: governance for the coin-listing process, risk assessments of coins, and procedures for monitoring coins.
The framework will also require firms to provide detailed information on their criteria and decision-making process for delisting a coin.
The proposed legislation is open for public comments and will remain so until October 20th.
Coin Center, a crypto-focused policy nonprofit, has reached out to Congress members, urging for more transparent crypto tax regulations. In a letter to Senate Finance Committee's Ron Wyden and Mike Crapo, Coin Center emphasized the need for guidance on cryptocurrency taxation, especially concerning capital gains. They suggested a threshold for gains below which no tax would be due. Coin Center also stressed the importance of a "de minimis" exemption, without which, every small crypto transaction could become a taxable event. This exemption would simplify the use of cryptocurrencies for daily payments, especially for micropayments.
A year has passed since WhiteBIT's exchange token was unveiled on August 14th.
In this brief time, the team behind it didn't just rest on their laurels; they launched a blockchain, making WBT's first anniversary a celebration of a genuine coin!
Facing the challenges of a prolonged bear market head-on, WBT swiftly carved out its own space, gaining a legion of ardent supporters.
Its market standing? A noteworthy triple of its inaugural IEO pricing and a 5th rank amidst centralized exchange tokens, as chronicled by CoinGecko.
We salute this shining star and hope for further ascent, delighting all crypto enthusiasts who set the level!
Hayden Adams, the founder of Uniswap Labs, has dismissed a developer known by the pseudonym AzFlin following allegations of creating a FrensTech meme coin and then withdrawing liquidity shortly after its launch.
Preliminary damages are estimated at 14 wETH, equivalent to approximately $25,830. Adams stressed that the company does not condone such actions and, therefore, felt compelled to respond accordingly.
The developer denies the accusations of fraud and describes the situation as FUD. According to him, he only withdrew 1 ETH from the liquidity pool, which he had initially provided from his own funds.
Carlyle Group co-founder David Rubenstein, in an interview with Bloomberg, expressed his regret for missing the opportunity to invest in Bitcoin when a single coin was worth just $100.
Not one to dwell on past mistakes, David's currently pouring capital into companies making crypto trading accessible for everyone.
Sound familiar? David's story echoes in many of us. Exploring Robot Cache: AMD's Blockchain Game Marketplace
AMD is in the final stages of testing its blockchain-based marketplace, Robot Cache. This innovative platform gives gamers not just the option to purchase but also resell their games after they're done playing. In addition to fiat, Robot Cache allows transactions in its native coin, IRON, which users can acquire through various loyalty programs. Onyxcoin (XCN): An Overview of the Coin and Its Features
Onyxcoin (XCN) is a cryptocurrency that powers the Onyx ecosystem, tailored for the corporate sector. Initially introduced as an altcoin called Chain (CHN), it was rebranded to Onyxcoin in March 2022, coinciding with the launch of a new smart contract. EthereumPoW (ETHW) Coin Review
On September 15, 2022, Ethereum introduced a pivotal upgrade, transitioning from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), dubbed "The Merge." However, some in the crypto community resisted this shift, seeing it as a deviation from Satoshi Nakamoto's foundational principles, and chose to retain the original algorithm.
The BALD project’s scammer team managed to relocate 7000 ETH ($13 million) from Base network into Ethereum.
Not stopping there, they sent 2100 ETH (around $4 million) to the Kraken exchange, possibly gearing up for a grand withdrawal.
Want the full story on this crafty meme coin scam? Read all about it in our detailed article!
Facing increased competition from conventional financial giants like PayPal Holdings Inc., Circle is taking strategic measures.
To counter this threat and counterbalance the diminishing market share of its USD Coin stablecoin, Circle is expecting leveraging a substantial cash reserve surpassing $1 billion.
The circulating supply of Circle’s USD Coin has experienced a decline, shrinking from $45 billion to around $26 billion since the start of this year. WOO Network Unleashed: Transform Finance with WOO Coin!
WOO Network operates at the intersection of DeFi and CeFi, striving to offer liquidity, fast execution, and low fees. It has a market cap of $361M and a supply of 3 billion WOO tokens, and users can engage in staking and yield farming with WOO tokens. Dive into the WOO Network review. 







