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Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
9.3.2023
U.S. President Joe Biden's proposed budget will include a provision to close tax loss harvesting on crypto transactions
U.S. Government's $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips
9.3.2023
The price of bitcoin dipped below 22,000 early Wednesday after authorities moved some of the bitcoin to Coinbase-controlled wallets
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
9.3.2023
Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards
Grayscale Chief Legal Officer: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers
8.3.2023
Craig Salm discusses what scenario is likely to play out for the firm’s ongoing bid to gain approval for its spot Bitcoin ETF following Tuesday’s appeals court hearing
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
8.3.2023
On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S....
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates
8.3.2023
Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news....
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars
8.3.2023
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela...
Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase
7.3.2023
The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds
Bitcoin, Ethereum Technical Analysis: BTC, ETH Stall Ahead of Powell Testimony
7.3.2023
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front of the Senate Banking Committee later in the day. Ethereum was also largely...
U.S. Lawmakers to Reintroduce Crypto Tax Reform Bill: Report
7.3.2023
The Keep Innovation in America Act was first introduced in March 2021
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...
SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge
7.3.2023
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws
SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme
7.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make...
Voyager Bankruptcy Judge Expresses Skepticism Over U.S. SEC Objection to Binance US Deal
7.3.2023
Judge Michael Wiles of the Southern District of New York questioned a U.S. Securities and Exchange Commission attorney over the agency's concerns that Binance US may be operating an unregistered securities exchange
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
6.3.2023
As it stands, there’s no way for people to know which crypto firms they can rely on, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), in a speech Monday
FTX Bankruptcy Examiner Denial Appealed by U.S. Government
6.3.2023
An independent investigation could cost as much as $100 million, the Delaware court has previously been warned
Bitcoin, Ethereum Technical Analysis: Volatility in BTC, ETH Remains High to Start the Week
6.3.2023
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin...
Binance's Secret Plot: Leaked Texts Reveal Plans to Evade U.S. Law Enforcement – What's Going On?
6.3.2023
Binance and Binance.US, the US arm of the crypto exchange touted as a separate company, have been more intertwined than previously disclosed, mixing staff, technical teams, and finances. ...
Read More: Binance's Secret Plot: Leaked Texts Reveal Plans to Evade U.S. Law Enforcement – What's Going On?
Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate Gap
6.3.2023
BCB Group CEO Oliver von Landsberg-Sadie said he hopes to have dollar fiat-to-crypto rails in place and ready to go live early in the second quarter
US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme
6.3.2023
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to...