Author: American Coins & Gold

India's Supreme Court Turns Away Petition Asking Government to Frame Crypto Guidelines
India’s Supreme Court has turned away a petition that sought to direct the government and relevant authorities to frame guidelines for regulating the trading and mining of cryptocurrencies.

Crypto Bulls Hit by 0M in Liquidations as Bitcoin, Ether Buckle on Fizzling ETF Momentum
Tuesday’s sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass data shows.

Bitcoin Drops 4% to K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.

Fake BlackRock XRP Filing Referred to Delaware Department of Justice
Delaware’s Department of Justice may be investigating the fake filing made for an apparent XRP exchange-traded fund.

'Mutant Ape Planet' NFT Developer Pleaded Guilty in M Fraud
The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ).

‘We're Not Asking for Special Treatment’: Coin Center on the Proposed IRS Broker Rules

Delaware, We Need to Talk
Some sectors of the crypto industry were excited (and/or confused) by an apparent BlackRock XRP Trust filing in the state of Delaware, suggesting the massive asset manager may try to launch an XRP exchange-traded fund (ETF) after applying to launch bitcoin and ether ETFs. But, this filing was “false.”

Lessons from New York for California’s New Crypto Licensing Regime
Linda Lacewell, who helped modernize New York’s regime for crypto startups, offers advice to California regulators about setting up a similar scheme there.

The IRS and the Rising Cost of Crypto Tax Compliance
David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financially, he says, even if ordinary investors won’t.

Cathie Wood Speculates Gary Gensler's Political Ambitions Are Affecting Spot BTC ETF Judgement
Wood said Gensler’s concerns that bitcoin is prone to market manipulation, one of the barriers to the approval of a spot BTC ETF in the U.S., belie his perfectly sound cryptocurrency knowledge.