US Treasury Yield Falls amid Rate Hikes and Debt Ceiling Concerns

The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According to reports, the … Read more

IRS to Treat NFTs Like Physical Art as Concerns Rise over Taxation

Following the announcement, a section of the crypto community on Twitter has heaped praises on the IRS and Treasury Department for taking such a detailed approach instead of regulating through enforcement. The Internal Revenue Service (IRS) may be contemplating disallowing the addition of NFTs to Individual Retirement Accounts (IRAs). This follows after both the IRS and … Read more

Coinbase Suspends BUSD Trading over Liquidity Concerns

Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose. Cryptocurrency exchange Coinbase has officially suspended BUSD trading on its platform. The decision follows from the earlier announcement by company CEO Brian Armstrong that the company would delist BUSD.  Recall that Coinbase claimed that BUSD no longer measured … Read more