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IRS Could Come For Your Crypto If You Owe Them - Official
13.5.2021
If you happen to owe any money to the US Internal Revenue Service (IRS), the agency is willing to explore yet another way to make sure you pay your tax debts.
According to Robert Wearing, Deputy Associate Chief Counsel for Procedure and Administration at the IRS, the US government considered...
Crypto Pawn Brokerage DeFi For You Launches P2P Lending
13.5.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Hanoi, Vietnam - The world's first crypto-pawn platform DeFi For You is launching a peer-to-peer lending platform that allows users to stake crypto-assets and NFTs (non-fungible tokens) as collateral...
Sotheby’s crypto-powered auction sells Banksy art for $13M
13.5.2021
Sotheby’s originally estimated Banksy’s “Love is in the Air” to sell for up to $5 million
Crypto.com Lists 'Dogecoin killer' Shiba Inu Token (SHIB)
13.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Proclaimed as a ‘Dogecoin killer,’ the Shiba Inu token (SHIB) is now available in the crypto.com app. Alongside 100+ cryptocurrencies and stablecoins, including (BTC), Ether (ETH), Polkadot (DOT)...
You can buy condos with DOGE in Portugal as crypto real estate listings soar
13.5.2021
You can now use Dogecoin to buy luxury apartments in Portugal, with a penthouse currently on sale for around 5 million DOGE, worth roughly $2.2 million
Cybersecurity Firm Spots a Crypto Stealer Distributed Through a Massive Email Spam Campaign and Discord Channels
13.5.2021
A crypto stealer seems to have spread through a massive spam campaign across several countries, including the United States, Australia, Japan, and Germany. The malware dubbed “Panda Stealer” has been spotted by a cybersecurity company. It is reportedly also distributed on Discord...
Bitwise launches US ‘crypto ETF’… sort of
13.5.2021
Bitwise has launched a new ETF offering exposure to the top publicly-listed firms operating in the blockchain and crypto industries
Which 'green' cryptocurrency is Tesla likely to add for payments?
13.5.2021
Elon Musk revealed that Tesla will halt all BTC transactions due to environmental concerns, with the firm set to look at more energy-efficient cryptocurrencies
Gemini's crypto custody tops $30B as analyst predicts Coinbase shares will fall to $100
13.5.2021
Gemini's crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers
Bank of Israel Drafts Model of a Digital Shekel
13.5.2021
The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at...
Student Coin Now Live On Top Crypto Exchanges Bithumb, KuCoin
13.5.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The first-ever educational token in history named Student Coin (STC) has been created at the world's best universities, for the huge academic tokenization that is already supported by over...
Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund
13.5.2021
On Wednesday, Ethereum’s Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India’s Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19...
Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies
12.5.2021
A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims...
IRS will seize your crypto if you can't pay back taxes
12.5.2021
If you’re a cryptocurrency holder with past-due tax debts, your provable holdings may be confiscated by the IRS if you don’t pay back what you owe
Cuban President Talks Possible Adoption of ‘Convenient’ Crypto
12.5.2021
The Cuban government is mulling crypto adoption as a means to fight back against financial turmoil, with crippling sanctions and the coronavirus pandemic fallout taking a heavy toll on the nation’s economy.
Last month, the Congress of the Communist Party of Cuba (PCC) – the country’s central...
Survey: 1 in 4 American Investors Believe Dogecoin is the Future
12.5.2021
The meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from...
SEC enforcement actions cost crypto firms and individuals $1.7B in penalties
12.5.2021
Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings
Hungary to Cut Tax on Crypto Profits in Half, Down to 15%
12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...
Sequoia-Backed Onchain Custodian To Set Up New Crypto Lending Business
12.5.2021
Source: Adobe/Андрей Яланский
The Singapore-headquartered digital asset custody provider Onchain Custodian (ONC) is about to strengthen their positions in crypto lending and borrowing business, according to ONC Co-Founder and Chief Operating Officer (COO), El Lee.
There is a novel company in...
How crypto companies can go public in 2021, explained
12.5.2021
There is huge demand for crypto companies to go public right now — but in this day and age, are initial public offerings their only option?