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IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year
15.4.2024
Guy Ficco, the IRS Criminal Investigation Chief, says the agency is prepared for a significant uptick in crypto-related tax evasion cases amid the tax filing season.
The post IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year appeared first on Cryptonews
Payment Use Cases Fuel Increasing Stablecoin Growth
12.4.2024
The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...
UK Competition and Markets Authority Raises Alarms Over Big Tech’s AI Dominance
12.4.2024
The Competition and Markets Authority (CMA) of the United Kingdom, under the direction of Sarah Cardell, has voiced its dissatisfaction with AI Foundation Models (FMs) that are owned by a small number of tech companies.
The post UK Competition and Markets Authority Raises Alarms Over...
Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially Priced In
10.4.2024
Bitcoin's highly anticipated "halving" event may already be partially factored into the market, according to the CEO of Marathon Digital Holdings Inc., the largest cryptocurrency miner in the United States.
The post Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially...
VanEck CEO Says SEC Unlikely to Approve Spot Ether ETFs in May
10.4.2024
VanEck CEO Jan van Eck has expressed doubt regarding the approval of spot Ether ETFs by the United States Securities and Exchange Commission in May.
The post VanEck CEO Says SEC Unlikely to Approve Spot Ether ETFs in May appeared first on Cryptonews
Coinbase Legal Chief Pushes For Stablecoin Regulation
9.4.2024
Paul Grewal, the legal chief at Coinbase, encouraged the US Congress to quickly pass stablecoin legislation on April 9 in order to combat the illegal usage of cryptocurrencies. Paul Grewal's plea coincides with the Senate Banking trial on combating terrorism, illicit financing, and sanctions...
Spot Bitcoin ETF Flows Turn Negative Again as Grayscale Sees Over $300M in Outflows
9.4.2024
Spot Bitcoin ETFs in the United States have experienced a reversal in investor sentiment, seeing net outflows following four consecutive days of inflows.
The post Spot Bitcoin ETF Flows Turn Negative Again as Grayscale Sees Over $300M in Outflows appeared first on Cryptonews
BitMEX Co-Founder to Face Class-Action Lawsuit Over Alleged Price Manipulation Scheme
9.4.2024
Ben Delo, co-founder of cryptocurrency exchange BitMEX, will face a class-action lawsuit brought forth by exchange users, a United States federal judge has ruled.
The post BitMEX Co-Founder to Face Class-Action Lawsuit Over Alleged Price Manipulation Scheme appeared first on Cryptonews
Ripple’s Chief Legal Officer Blasts SEC Over Crypto Regulation, XRP Lawsuit: “Get Off Your Soap Box”
5.4.2024
Ripple’s Chief Legal Officer, Stuart Alderoty, told the United States Securities and Exchange Commission (SEC) to “get off its soap box” after the SEC’s Director of Enforcement, Gurbir Grewal, seemingly criticized the crypto exchange for its XRP lawsuit.
The post Ripple’s Chief Legal Officer...
SEC Asks For Public Comment Regarding Spot Ethereum ETF Approval
4.4.2024
The United States Securities and Exchange Commission (SEC) is seeking public comment over the potential approval of a spot Ethereum (ETH) ETF, an April 2nd court filing reveals. What are the odds a spot ETH ETF gets approved by May?
The post SEC Asks For Public Comment Regarding Spot Ethereum...
Online Games Act Like Unregulated Banks, And The US Gov’t Has Noticed
4.4.2024
A new report from the United States Consumer Financial Protection Bureau (CFPB)—an organization focused on enforcing the laws that protect consumers—indicates the bureau is aware of and monitoring big online video games that are filled with in-app purchases, digital currencies, and shady...
Bank of England and FCA Launch Digital Securities Sandbox Consultation for DLT Testing
4.4.2024
The Bank of England and the UK’s FCA have commenced a consultation process regarding the draft guidance for their Digital Securities Sandbox.
The post Bank of England and FCA Launch Digital Securities Sandbox Consultation for DLT Testing appeared first on Cryptonews
Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account
30.3.2024
Digital asset bank Custodia Bank has been denied a U.S. Federal Reserve master account by the United States District Court for the District of Wyoming.
The post Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account appeared first on Cryptonews
Joe Lieberman, Senator Who Crusaded Against Video-Game Violence, Dead At 82
28.3.2024
Joe Lieberman, a former U.S. senator who crusaded against violence in video games, has passed away at 82. According to a statement from his family, he suffered “complications from a fall.”Read more
Approval of Spot ETFs in the US Has Boosted Bitcoin Favorability Among Singaporeans
28.3.2024
Singaporeans are increasingly viewing Bitcoin favorably, thanks to the recent approval of spot Bitcoin ETFs in the United States.
The post Approval of Spot ETFs in the US Has Boosted Bitcoin Favorability Among Singaporeans appeared first on Cryptonews
Hamas-linked Crypto Addresses of Gaza Now Jointly Sanctioned by US, UK
28.3.2024
Gaza Now has been promoting crypto donation campaigns and ramped-up these efforts particularly after the October 7 attack in Israel.
The post Hamas-linked Crypto Addresses of Gaza Now Jointly Sanctioned by US, UK appeared first on Cryptonews
Trial Against Terraform Labs And Do Kwon Begins In NYC Following Prison Release
25.3.2024
The United States Securities and Exchange Commission’s (SEC) trial against Terraform Labs founder Do Kwon is set to begin in New York on Monday. As jury selection gets underway, the trial formally marks the beginning of the United States' quest for justice against Kwon following the collapse...
Do Kwon Released From Montenegro Prison With Extradition Verdict Still Underway: Report
25.3.2024
Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the United States and South Korea, according to a Bloomberg report citing prison officials.
The post Do Kwon Released From Montenegro Prison With Extradition Verdict Still...
Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day
21.3.2024
Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20.
The post Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day appeared first on Cryptonews
SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports
20.3.2024
The United States Securities and Exchange Commission (SEC) has reportedly served a number of key businesses in the crypto industry with subpoenas in relation to obtaining records about the Ethereum Foundation, a new report reveals. According to Fortune, SEC Chair Gary Gensler is leading the agency...