Semilore Faleti

In recent weeks, ADA, the native token of the Cardano network. has drawn much speculation due to a rather turbulent price performance resulting in a decline of 18.77% in the past month.

The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency transactions. The newly released Form 1099-DA, tagged as “Digital Asset Proceeds from Broker Transactions,” is currently open to comments from relevant stakeholders in anticipation of its final version by the IRS.

Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation.

A Nigerian court has rescheduled the hearing of a tax evasion lawsuit against Binance and some of its executives to May 17. This adjournment represents the latest development in the ongoing regulatory saga between various agencies of the Nigerian government and the Malta-based cryptocurrency exchange.

With the Bitcoin halving event now completed , analysts and market experts turn their attention to a much-anticipated bull run based on historical trends in the BTC market.

Analyst Rekt Capital explains on Bitcoin’s price fall and perhaps an insight into the future price movements of the crypto market leader.

Custodia has expressed its desire to appeal the court ruling which supported the decision of the FRBKC to deny the crypto bank a master account.

Optimism displays an intriguing positive price performance following a recent disclosure of certain security flaws associated with the popular L2 platform.

Phoenix Wallet, has announced its impending removal from US as the wallet developers ACINQ, criticizes the regulation of self-custodial wallets in the US.

The US Department of Justice has released a rebuttal to Tornado Cash developer Roman Storm's motion to dismiss the criminal charges levied against him by the government. In a filing submitted on Friday, the DOJ rebuffed several arguments made by the defendant's lawyers while nudging the court to ensure the case undergoes a proper trial.