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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...
Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam
16.5.2020
A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam...
Bitcoin Evolution: Wanna Make $1 Million in 2 Months Like Prince Harry and Meghan Markle? It’s a Scam
10.4.2020
A bitcoin investment scheme has reportedly claimed that Prince Harry and Meghan Markle are making millions using a “wealth loophole” and have urged everyone to check out Bitcoin Evolution. However, this is a sales tactic by a known scam, claiming that some members earned their first...
Developer Flags Big-Money Loophole for Stealing All the ETH in MakerDAO
9.12.2019
An ethereum developer has flagged an attack on MakerDAO that could turn $20 million of MKR into $300 million of ETH
US Investors Used Loophole to Buy Bitfinex Exchange’s LEO Tokens
25.7.2019
Bitfinex says it won't sell its LEO tokens to U.S. investors. But two such entities bought the asset via third parties
Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide
16.7.2019
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates,...
Tendermint Says Last Month’s Cosmos Vulnerability Exposed Security Loophole
17.6.2019
Tendermint Inc. – the for-profit entity behind the core technology of the Cosmos network – released today a full disclosure about a former security vulnerability in the Cosmos SDK