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House Committee Hearing Reveals Divisions Over Crypto Tax Proposals
A recent House hearing highlighted divisions over GOP crypto tax bills, with Democrats questioning tax exemptions for staking and mining rewards, while industry leaders pushed for broader exemptions.
Mercation Admin3 min - Crypto
Concerns Raised Over Crypto Tax Bills During U.S. House Hearing
U.S. House lawmakers expressed concerns during a hearing on proposed crypto tax bills, suggesting more work is needed before bipartisan support can be achieved.
Mercation Admin5 min - News
EU Directs Meta to Permit Access for Competing AI Chatbots on WhatsApp
The EU has mandated Meta to allow rival AI chatbots access to WhatsApp, a move Meta decries as 'regulatory overreach' and plans to appeal.
Mercation Admin2 min - News
Seattle Man Sentenced for Laundering Nearly $100 Million in Fraud Proceeds Using Cryptocurrency
Geoffrey K. Auyeung was sentenced to five years for laundering nearly $100 million in fraud proceeds through cryptocurrency, defrauding investors in oil and gas.
Mercation Admin2 min - News
AI-Driven Malware Worm Adapts to Targets in Real Time, Experts Warn
A recent study reveals an AI-driven worm that autonomously adapts its attack strategies and spreads across networks, signaling a new era in cybersecurity threats.
Mercation Admin3 min - Crypto
UK regulator proposes 10% crypto ETN exposure for mutual funds
The FCA in the U.K. proposes a 10% limit on mutual funds' investments in crypto ETNs, aiming to enhance the acceptance of crypto products.
Mercation Admin3 min - News
Five Corruption Loopholes Congress Needs to Address in the Clarity Act
The Clarity Act, a pivotal crypto legislation in the U.S. Senate, has five significant loopholes that could lead to corruption and security vulnerabilities, as highlighted by Scott Greytak.
Mercation Admin5 min - News
Elizabeth Warren Seeks Clarity on CFTC's Oversight of Crypto and Prediction Markets
Senator Elizabeth Warren is pressing the CFTC for answers regarding its oversight of crypto and prediction markets, citing favoritism towards Trump-linked companies.
Mercation Admin3 min - Crypto
Humanity Protocol Token Plummets Over 80% Following $32 Million Key Hack
The H token of Humanity Protocol saw a dramatic drop exceeding 80% after a private key hack that drained over $32 million, as attackers sell stolen assets.
Mercation Admin3 min - Crypto
Inside the Controversy of Crypto's Memecoin Craze
The launch of Pump.fun's new bounty system has raised ethical concerns as users engage in dangerous stunts for memecoins, blurring the lines between creativity and exploitation.
Mercation Admin6 min - News
Sam Bankman-Fried Seeks Pardon from President Trump
Sam Bankman-Fried has formally requested a presidential pardon from Donald Trump while serving a 25-year sentence for fraud.
Mercation Admin2 min - Crypto
Understanding Zcash (ZEC): The Privacy Coin Utilizing Zero-Knowledge Proofs
Zcash is a privacy-focused cryptocurrency that utilizes zk-SNARK technology for secure transactions, allowing users to choose between transparent and shielded options.
Mercation Admin8 min