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Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default
4.5.2023
As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value....
Dress-Up RPG Has Loophole That Lets Disney Princesses Wield Guns
27.3.2023
The most beautiful thing about the 2021 follow-up to dress-up role-playing game Love Nikki, Shining Nikki, is its arcane strangeness. The clothes are pretty, too—glittery dresses with skirts shaped like a tulip petals’ cup, tiaras with knots of pearls like dollops of cake frosting, one implausibly...
$4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges
27.3.2023
Kokomo Finance's social media presence and websites are offline, while the price of the KOKO token fell more than 95% within a matter of minutes
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
Blur Reportedly Finds Loophole in OpenSea's Blocklist as Marketplace War Escalates
31.1.2023
The apparent workaround allows the zero-fee marketplace to list collections that have previously been blocklisted by OpenSea, following months of debates around enforcing creator royalties
What is the Bitcoin Loophole, and how does it work?
24.1.2023
Anyone can make money trading Bitcoin and other cryptocurrencies thanks to Bitcoin Loophole, a well-known automated trading platform
A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo
6.12.2022
ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch
EU’s MiCA Law May Have an FTX-Shaped Loophole
30.11.2022
Regulator denies asking FTX to prioritize withdrawals for Bahamian clients
13.11.2022
The statement from the Securities Commission of The Bahamas refutes a claim from FTX that it has been facilitating withdrawals in accordance with Bahamian regulations
Hacker Siphons Close to $300K in OHM Tokens From the Olympus DAO
21.10.2022
On Friday, October 21, a malicious entity siphoned 30,437 OHM tokens from the Olympus DAO after finding a loophole in the rebase project’s smart contract. Following the exploit, the blockchain security and data analytics company, Peckshield, detailed the hackers stole close to $300K in OHM tokens....
Brazilian Securities Watchdog Demands Changes in Cryptocurrency Bill
11.9.2022
The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including...
Japan To Plug Loophole To Prevent Russia From Evading Sanctions Through Crypto
28.3.2022
Japan will propose a revision of its foreign exchange law to parliament, said a government official
US Lawmakers Introduce Bill to Sanction Russia’s Gold
9.3.2022
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By...
US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
17.9.2021
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts...
Defi Platform Cream Finance Hacked, $29 Million Lost
31.8.2021
Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has been involved...
Epic Store Adds Self-Publishing, And There’s Still A Loophole For Porn
18.8.2021
Today Epic Games announced its own self-publishing program which enters closed beta. The program will allow developers to publish games on the Epic Store without the assistance of Epic employees so long as it meets several requirements, such as not being porn.Read more
Newegg Thanks Kid For Finding Graphics Card Lottery Loophole, Closes It
27.7.2021
Buying high-end gaming hardware is a pain in the ass at the moment. New Xbox Series X/S stock sells out fast. Early access to PS5 orders are pay-gated at places like Amazon and GameStop. And the graphics card market is, well, you know how it is. In this mess of timed-out shopping carts and Ebay...
Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
17.7.2021
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders...
Tax Haven Citizenship Loophole for US Crypto Folk May Not Stay Open for Long
13.7.2021
Source: Adobe/Rafael Ben-Ari
A Russian ex-pro sailor has been touting a tax haven investment program for American crypto traders who are looking for legal loopholes to help them escape paying capital gains tax on their profits. But the program could have a shelf life if global regulators succeed...
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...