EU Adopts DAC8 – New Cryptocurrency Tax Reporting Rule To Take Effect Soon
18.10.2023
European Union (EU) finance ministers approve new regulations requiring cryptocurrency firms to share data on customer cryptocurrency holdings with tax authorities.
On October 17, the EU adopted the Eighth Directive on Administrative Cooperation (DAC8), which is set to go into force in 2024....
MetaMask briefly pulled from App Store, British MPs argue for caution with NFT copyright infringement: Nifty Newsletter, Oct. 11–Oct. 17
18.10.2023
Decentraland Foundation executive director Yemel Jardis believes the NFT market slump is not a sign of regression but maturity
Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment
18.10.2023
Comments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the recent improvement in investor sentiment
Elizabeth Warren and 100 Lawmakers Push Biden on Crypto-Terrorism Action, Despite Less Than 1% Illicit Use
18.10.2023
Elizabeth Warren, the Democratic senator from Massachusetts, is alarmed by the potential of crypto-fueled terrorism. She has rallied over 100 policymakers and approached the Biden administration, urging the executive branch to tackle this pressing issue. The news follows Warren’s recently...
Mike Novogratz Signals Bitcoin ETF Approval Could Be on SEC's 2023 Agenda
18.10.2023
Today, Galaxy Digital's CEO Mike Novogratz shared insights on SquawkBox that signal a potential change in the SEC's stance on Bitcoin ETF approval. According to Novogratz, the SEC is showing signs of potentially approving a spot Bitcoin ETF by the year-end.
Novogratz's comments came in the wake...
Jimmy Zhong Arrest Details Revealed in New Report
18.10.2023
Zhong is now serving a one-year sentence related to the theft of bitcoin from the Silk Road marketplace
The Intriguing Saga of Jimmy Zhong: The $3 Billion Crypto Thief
18.10.2023
Jimmy Zhong – the $3 billion Bitcoin (BTC) thief behind the Silk Road marketplace hack in 2012 – was ironically caught by investigators after trying to report another crypto thief to the police....
Read More: The Intriguing Saga of Jimmy Zhong: The $3 Billion Crypto Thief
Notre Dame Professor Reveals FTX's Financials: "It Must've Come from Customer Funds"
18.10.2023
The case against disgraced FTX founder Sam Bankman-Fried continued in Manhattan federal court Wednesday, with University of Notre Dame accounting professor, Peter Easton, revealing the results of a detailed analysis of FTX and Alameda Research's financial past....
Read More: Notre Dame Professor...
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
18.10.2023
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January
Fidelity Submits Revised Application for Bitcoin ETF Amid Increasing Confidence Regarding Approval
18.10.2023
Fidelity Investments, one of the world's largest asset management firms, has filed an amendment application to its proposed spot Bitcoin (BTC) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
In a Wednesday post on X (formerly Twitter), Bloomberg senior...
Pennsylvania Rep Revises Energy Bill, Drops Crypto Mining Ban
18.10.2023
Greg Vitali, a member of Pennsylvania’s House of Representatives, has revised an energy conservation bill in the state, opting to drop a proposed two-year ban on crypto mining permits.
The initial Cryptocurrency Energy Conservation Act, introduced by Vitali, included the mining ban as a response...
Sen. Warren, 100+ legislators write White House, Treasury about crypto and terrorism
18.10.2023
The letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now