Government Stablecoin Payments Would Fuel 'Tax Evasion Economy,' Lawmaker Warns
Rep. Brad Sherman warned that allowing government payments in stablecoins would "sanctify an alternative to the US dollar."
Bitcoin Slips to $77.2K as Macro Pressure Builds, While LiquidChain Presale Nears $780K
Bitcoin has dropped from its May 6 high just below $83,000 to around $77,200 as risk assets come under renewed pressure from rising bond yields, sticky inflation concerns and geopolitical uncertainty. The total cryptocurrency market capitalization now…
Elon Musk’s DOGE Cuts $420 Million in Government Contracts Within 80 Hours
Elon Musk’s Department of Government Efficiency (DOGE) has made headlines by announcing a cut of $420 million in government contracts within its first 80 hours of operation. While this move is symbolically significant, it raises questions about the…
Turkey Considers Taxing Stock Gains and Crypto Investments in Fiscal Tightening Strategy
Turkey is exploring measures to shore up its budget deficit, including taxing proceeds from investments in stocks and cryptoassets. The move comes as part of a broader fiscal tightening strategy aimed at addressing economic challenges. The…