#crypto

Detroit is gearing up to become the largest U.S. city to accept cryptocurrencies for tax and city fee payments.

CBC Toronto reported that Dean Skurka, CEO of WonderFi, a Canadian crypto company, was abducted in downtown Toronto. He was forced into a vehicle and taken to an undisclosed site, where kidnappers demanded CAD 1 million (approximately $720,000), threatening his safety.

Gary Wang, co-founder and former Chief Technological Officer of FTX has appealed for no jail time as a key witness in the case.

Crypto betting platforms now face the threat of prohibition.

On November 6, Dogecoin (DOGE), one of the first and most iconic meme coins, shot up by more than 20% as Donald Trump surged to the front in the U.S. presidential race. DOGE is now poised to challenge XRP for the #7 spot in the crypto market rankings.

Pro-crypto candidates now hold a majority in both the U.S. House and Senate, according to data from Stand With Crypto, a public initiative backed by Coinbase CEO Brian Armstrong.

According to the state comptroller, Israel is losing substantial revenue due to an ineffective tax system for cryptocurrency transactions. Between 2018 and 2022, the country could have collected an additional $250 million annually by taxing digital asset users.

In a recent interview, Changpeng Zhao (CZ), the ex-CEO of Binance, shed light on his present association with the crypto platform and the potential sale of his controlling shares. Learn why the billionaire entrepreneur is not eager to sell now and his thoughts on the updates to social network X.

Several DeFi sector cryptocurrencies posted daily gains exceeding 20% after Donald Trump appeared as the clear winner of the U.S. presidential election on November 6. Investors are optimistic that the new White House administration will foster a more favorable climate between regulators and the crypto industry.

Donald Trump’s comeback as the 47th U.S. president is a huge win for the crypto industry, Coinbase CEO Brian Armstrong said in a recent post on X (formerly Twitter).

🆕 How did Trump’s victory impact the crypto industry’s leaders? 📝 Dive into the reactions of prominent crypto figures and leaders –> detailed on our site.

Donald Trump’s post-return agenda to the White House includes measures such as significant import tariff hikes, escalating trade conflicts with China, and aggressive deficit reduction. His determination to weaken the US dollar stands out as particularly significant.

On November 5, voters across the U.S. will decide their next president in a contest that’s also attracting significant attention from the crypto sector. With Donald Trump and Kamala Harris running neck and neck, early results may be available as soon as the evening of November 6.

On November 5, 2024, an attendee of Ethereum Devcon, one of the largest crypto events, was robbed by two criminals in Bangkok.