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Crypto Lawyers Predict SEC Will Lose Lawsuit Against Ripple


US-based blockchain company Ripple is likely to win the long war with the US Securities and Exchange Commission (SEC), say legal experts, arguing that the agency may have shot itself in the foot.... Read More: Crypto Lawyers Predict SEC Will Lose Lawsuit Against Ripple

Binance Confirms $500 Million Investment in Elon Musk Twitter Takeover


Major crypto exchange Binance has put half a billion US dollars towards Tesla chief Elon Musk’s Twitter takeover.  Responding to reports about the exchange possibly still backing the much-discussed Twitter deal, Binance CEO Changpeng 'CZ' Zhao tweeted today (UTC time): "Our intern says we wired...

Two Americans Jailed for Stealing $330,000 in Crypto by ‘Sim-Swapping’


Two men from Massachusetts, USA, were sentenced last week for what's been described as "an extensive scheme" to take over victims’ social media accounts and steal some $330,000 in cryptocurrency using SIM swapping and computer hacking, among other methods.... Read More: Two Americans Jailed...

US IRS Releases New Reporting Guidelines for Digital Assets


The US Internal Revenue Service (IRS) has released updated guidelines for reporting digital assets, clarifying the taxation of non-fungible tokens (NFTs) and stablecoins as well. The IRS’ draft 2022 tax year guide has placed cryptocurrencies, stablecoins, and NFTs into the same category...

EU Commissioner Urges US Lawmakers to Establish New Crypto Rules


Mairead McGuinness, the European Commission’s commissioner for financial services, warned about the dangers that digital assets could pose to financial stability and called for US politicians to draw up new rules to govern the crypto industry.... Read More: EU Commissioner Urges US Lawmakers...

Sam Bankman-Fried and FTX Exchange Under Investigation by Texas Regulators


Major crypto trading platform FTX.US and its founder Sam Bankman-Fried are being investigated by the securities regulator in Texas, USA, for selling an investment product that may have violated state law. The investigation concerns allegations that FTX offers US residents unregistered securities...

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