Stablecoin Tax Relief Plan Drafted by House
Lawmakers propose exempting capital gains taxes on stablecoin transactions under $200 and deferring taxes on staking/mining rewards for up to five years. #Update #Crypto
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Crypto Firms Unite Against Bank Stablecoin Ban
Over 125 cryptocurrency companies, including @Gemini, @Coinbase, and @kraken, urged Congress to maintain the GENIUS Act amid banking pressure to limit stablecoin rewards. #Update #Crypto $USDC
USDT Campaign Boosts Casinobet Milestone
@CASINOBET ends its first year with a 250,000 USDT Snowchain Season campaign, strengthening its position as a crypto-native casino brand. #Update #Crypto $USDT
Bitcoin Miner Acquired by Tether Founder
Northern Data sold its Bitcoin mining business, Peak Mining, for $200 million to companies linked to Tether executives, highlighting Tether’s investment strategy and ambition to lead in Bitcoin mining by 2025. #Update #Crypto $USDT
Stablecoin Adoption Soars as Klarna Chooses Coinbase
@Klarna partners with @Coinbase to accept stablecoin funding from institutional investors, enhancing liquidity for its lending business. This reflects growing confidence in stablecoins as a financial tool. #Update #Crypto $USDC
Jump Trading Faces $4B Lawsuit Over Terra Collapse
The bankruptcy administrator for Terraform Labs is suing Jump Trading for $4 billion, alleging illegal profits from the $40 billion collapse of its ecosystem. #Breaking #Legal $LUNA
USDC Stablecoin Launches on TurboTax QuickBooks
Intuit partners with Circle to integrate $USDC across TurboTax and QuickBooks, enhancing financial transactions without disclosing blockchain details. #Update #Crypto $USDC
Stablecoin Payouts Revolutionize YouTube Creator Earnings
YouTube introduces an opt-in feature for eligible US creators to receive payouts in PayPal’s stablecoin, PYUSD, potentially transforming creator monetization. #Update #Crypto $PYUSD
B3 Launches Tokenization Platform and Stablecoin
@B3 is launching a tokenization platform and stablecoin linked to the Brazilian real in 2024, enhancing crypto trading and liquidity. New derivatives for $BTC, $ETH, and $SOL are under review. #Update #Crypto $BTC $ETH $SOL
Tether Launches PearPass Password Manager Today
@Tether has launched PearPass, a local password manager that stores credentials on users’ devices with end-to-end encryption, ensuring data security without cloud risks. #Update #Crypto $USDT
Bitcoin Boosts Stablecoin Payments with $8M Investment
@Tether is investing $8 million in Speed to enhance stablecoin payments on the Bitcoin Lightning Network, aiming for efficient transactions with USDT. Speed processes over $1.5 billion annually, serving 1.2 million users. #Update #Crypto $USDT
USDC Launches Visa Stablecoin Settlements on Solana
@Visa has launched stablecoin settlement in the U.S. using $USDC on the Solana network, enabling faster daily transaction settlements for banks and fintechs, enhancing treasury efficiency. Initial participants include Cross River Bank and Lead Bank. #Update #Crypto $USDC
USDT Stablecoin Approved for Multi-Blockchain Use
Tether’s $USDT stablecoin has been approved for broad use in Abu Dhabi’s ADGM, enabling licensed firms to utilize it across multiple blockchains, enhancing financial inclusion and innovation. #Update #Crypto $USDT
MoonPay Launches Stablecoin with Exodus
Exodus and MoonPay partner to launch a USD-backed stablecoin for seamless payments, managed by MoonPay using M0 infrastructure, with a waitlist open for early 2026 launch. #Update #Crypto