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US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records

26.9.2022
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...

Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record

25.9.2022
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to...

Report: Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency

24.9.2022
According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that...

Report: 17-Year-Old Arrested On Suspicion Of Being Hacker Behind GTA VI Leak

24.9.2022
Today, London City Police announced they had arrested a 17-year-old from Oxfordshire Thursday evening. While the police have yet to confirm why, it’s been reported that the teen was arrested in connection with the recent Uber and Grand Theft Auto VI leaks. The suspect remains in City Police custody...

Moscow Exchange drafting bill on digital financial assets and securities trading: Report

23.9.2022
Russia's stock exchange expects to become a registered digital asset exchange and begin trading both digital financial assets and digital asset-based securities

IRS to summon users who don't report and pay tax on crypto transactions

23.9.2022
The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto

Russian officials approve use of crypto for cross-border payments: Report

22.9.2022
Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlements

Coinbase Completed $100M Transaction to Test Proprietary Trading: Report

22.9.2022
Cryptocurrency exchange Coinbase (COIN) completed a $100 million transaction as a test of its proprietary trading efforts earlier this year, according to a WSJ report

S. Korean Watchdog Says $7.2B Transfered Overseas Mainly Through Crypto Exchanges: Report

22.9.2022
South Korea's financial watchdog found that since June there have been $7.2 billion abnormal foreign exchange transactions, most of which were transferred through cryptocurrency exchanges, Bloomberg reported on Thursday

NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report

22.9.2022
NFT-related websites accounted for the largest share of crypto-related web traffic in most CSAO countries over the last 12 months, according to Chainalysis

Crypto Exchange FTX in Discussions for Up to $1B Capital Raise at $32B Valuation: Report

22.9.2022
The exchange is raising the money as it considers acquisitions

Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report

21.9.2022
The crypto rial has been in preparation for years; its introduction comes on the heels of the country’s introduction of cryptocurrency for foreign trade

Kraken CEO Jesse Powell steps down: Report

21.9.2022
Jesse Powell will reportedly be succeeded as CEO by chief operating officer Dave Ripley, who has been with the crypto exchange since 2016

Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation

21.9.2022
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate...

Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange

21.9.2022
The exchange’s COO Dave Ripley will take over as CEO

Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report

21.9.2022
The rule would require at least two-thirds of directors and commissioners at domestic crypto exchanges to be Indonesians residing in the country

India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report

21.9.2022
The Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force (FATF) compliant. “We will finalize our responses by February-March 2023. We have to respond to the FATF...