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U.S. Senator Cynthia Lummis is pushing for regulation that would ensure bitcoin remains a good store of value. If the cryptocurrency “is to become what El Salvador has done, legal tender, then we need to make sure that we are using it in ways that comply with the Bank Secrecy Act and anti-money laundering laws,” she said. The pro-bitcoin senator also noted that big government spenders are “doing far more to accelerate the adoption of digital assets” than she is. Senator Lummis on Bitcoin Adoption and Cryptocurrency Regulation U.S. Senator Cynthia Lummis has shared her view about cryptocurrency regulation and adoption. Following the Senate Banking Committee ’s hearing about cryptocurrencies, she tweeted Wednesday: Big gov’t spenders are (accidentally) doing far more to accelerate the adoption of digital assets than I am. The debasement of our currency is causing a flight to digital assets like bitcoin that are a store of value. However, she added that “spending America deeper int...

As of June 30, 2021 MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset. from Cointelegraph.com News https://ift.tt/3zPA6nT via IFTTT

from Cointelegraph.com News https://ift.tt/2WEXYwt via IFTTT

State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients” in partnership with Lukka, the announcement details, adding: State Street will support its private fund clients with collection, standardization, enrichment, reconciliation, processing and reporting related to crypto and other digital assets. The Boston-headquartered financial services and bank holding company offers investment servicing, investment management, investment research, and trading services. State Street operates globally in more than 100 geographic markets. The company had $42.6 ...

A new non-fungible token (NFT) project crafted by the American actress and producer, Mila Kunis, has made millions selling NFTs tied to an animated series called “Stoner Cats.” The project is a show that will only allow token holders the ability to watch the upcoming series produced by Orchard Farm Productions, a studio owned by Kunis. Animated Series Created by Mila Kunis and Ashton Kutcher Sparks New NFT Hype The cryptocurrency community and mainstream news publications have been discussing a new NFT project bolstered by Mila Kunis and her husband Ashton Kutcher called “ Stoner Cats .” The duo has teamed up with popular celebrities such as Chris Rock, Jane Fonda, and the “Family Guy’s” Seth MacFarlane. Ethereum co-founder Vitalik Buterin will be joining the animated series as well playing the character called “Lord Catsington.” Essentially the show is about an older woman called “Ms. Stoner” who lives with a number of mischievous cats. Ms. Stoner has Alzheimer’s Disease and deci...

Bitcoin traders are at odds about where BTC price may head after it failed to flip the $40,000 level to support. from Cointelegraph.com News https://ift.tt/3f70oKj via IFTTT

CEO Hong Fang said Okcoin was focused on Europe as part of the firm's global growth plans. from Cointelegraph.com News https://ift.tt/3zJPZw6 via IFTTT

Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order to construct a new solar farm. Greenidge Invests in Renewable Energy Investment Program In 2014, the Lockwood Hills landfill in Dresden, New York was purchased by Lockwood Hills LLC, which is a subsidiary of Greenidge. The site has been “safely maintained” over the last seven years, Greenidge claims, and it ended the use of coal-fired power at the adjacent power facility during that time. The announcement on Thursday says the company plans to safely cap and close down the landfill and Greenidge hopes to install “a solar project across the 143-acre site that will produce up to 5MW of power.” The bitcoin mining company says t...

The IRS has considered crypto mining revenue as part of taxable income since 2014. from Cointelegraph.com News https://ift.tt/3zPRZmB via IFTTT

Bitcoin's surge above $40,000 boosted the bulls' advantage in this month's $1.7 billion options expiry. from Cointelegraph.com News https://ift.tt/3zP2eYu via IFTTT