Microsoft Reverses $80 Pricing for The Outer Worlds 2, Issuing Refunds for Pre-Orders

Microsoft has made a heel turn on the pricing for The Outer Worlds 2, bringing it down to the industry standard $70 from the initially announced $80 price point. The Xbox parent said in a statement it would keep its full-price holiday releases, including the upcoming RPG from Obsidian Entertainment, at the standard pricing of … Read more

Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks

The central bank of Bolivia has decided to lift a ban on payments using Bitcoin and other cryptocurrencies imposed in 2014. The country is aiming to balance its economy, while modernising its payment systems. Bolivia has become the latest Latin American country to take a pro-crypto stance, even though Bitcoin or other cryptocurrencies are yet … Read more

US Court Reverses Sanctions Against Tornado Cash: All You Need to Know

The cryptocurrency sector, currently valued at $3.31 trillion (approximately Rs. 2,79,67,613 crore), remains a niche market striving to establish its place in the global economy. Governments worldwide are still navigating the complexities of regulating crypto activities. Tornado Cash, a crypto mixer, has faced significant scrutiny in recent months due to its role in obscuring transaction … Read more

US Court Reverses OFAC’s Sanctions Against Crypto Mixer Tornado Cash

In what is being hailed as a ‘landmark’ decision by the crypto industry, a US court has reversed sanctions levied against Tornado Cash. The controversial crypto mixer is a Web3 platform that allows people to shuffle their crypto tokens with some other token from a collective pool of digital currencies. This adds more privacy to … Read more

Trump Reverses ‘DeFi Broker Rule’ Introduced Under Biden: All Details

The Internal Revenue Service (IRS) will no longer require certain crypto platforms to report transaction data under President Donald Trump’s administration. In a major policy reversal, Trump has signed an executive order nullifying a rule that would have compelled decentralised exchanges to report their customers’ total digital asset sales to the IRS. Officially titled “Gross … Read more