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New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days
3.1.2024
A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days. “If you don’t file a report within...
Is Filecoin Price Going to Zero? FIL Sinks 5% as New Bitcoin Mining Protocol Gathers $5.5 Million in Funding – Next Big Thing?
20.12.2023
Leading decentralized file storage token Filecoin (FIL) has sunk -5%, leaving some panicked holders asking ‘is Filecoin price going to zero?’. The -5% drop appears to have been triggered by localized retracement moves, as Filecoin price shifts down to test supportive footing from...
Is It Too Late to Buy BitTorrent? BTT Price Gains 100% as Telegram’s Latest Crypto Casino Attracts Big Players
7.12.2023
BitTorrent Token / Source: Adobe BTT, the token that powers BitTorrent’s suite of decentralized peer-to-peer file-sharing applications, saw an explosive more than 75% move higher on Wednesday. The move was driven by the time by an announcement that the Tron network, upon which the BTT token...
BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF
5.12.2023
Asset manager BlackRock and crypto investment firm Bitwise both filed amended S1 forms with the Securities and Exchange Commission (SEC) on Monday, answering further questions likely asked by the regulator in earlier conversations
SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal
4.12.2023
The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st. SBF’s potential appeal “After further consideration, we have decided not to file...
Indian Authorities Prepare Chargesheet Against 3 Accused in $240M Crypto Scam
28.11.2023
Source: Pixabay The Special Investigation Team formed to investigate the alleged $240 million crypto fraud in India will file chargesheet against the three main accused this week. Over 100,000 victims were duped in an alleged multilevel fake crypto scheme that also involved over 1000 police...
CZ’s Lawyers Push Back Against Flight Risk Claims, File Opposing Motion
24.11.2023
Defense attorneys for former Binance CEO, Changpeng Zhao, have legally pushed back against claims made by the government that he is a “flight risk” who should not be allowed to leave the country. Zhao’s incentive to stay In a court filing from November 23rd, representatives for...
XRP Price Prediction as XRP Dips 4% to $0.60 – Is a Rebound Imminent?
18.11.2023
In the latest market developments, Ripple’s XRP is currently trading at $0.6025, marking a 4% decrease on Saturday. Amidst the ongoing legal battle between Ripple and the SEC, where Ripple’s General Counsel suggests the SEC is losing ground, the XRP price faces a significant dip....
Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal
17.11.2023
source: gesrey/Adobe South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term...
Tornado Cash users file appeal over judgment in favor of US Treasury
14.11.2023
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court
FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
14.11.2023
BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two
Blackrock Confirms News of XRP ETF Filing Is Fake
13.11.2023
Rumors circulated on Monday that Blackrock, the world’s largest asset manager, has registered to launch an XRP exchange-traded fund (ETF), following its registration of a spot ether ETF. However, Blackrock quickly denied the rumor, confirming that it has not filed to launch an...
Bitcoin Researcher Behind 'BitVM' Ignites Fresh Buzz With New Paper on File Hosting
13.11.2023
The proposal by Robin Linus, a core contributor to Bitcoin-based zero-knowledge proofs developer ZeroSync, sets out how an open market for content hosting could be created by "an atomic swap of coins for files."
Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy
12.11.2023
Robin Linus, the creator behind BitVM — a computing construct atop the Bitcoin blockchain — released a new white paper on November 11, 2023, entitled “Bitstream.” The document explores a system aimed at reforming the economic structure of file storage, suggesting...
MacOS Malware KandyKorn Targets Crypto Owners
3.11.2023
A new MacOS malware, known as KandyKorn and linked to the notorious Lazarus Group, has recently been identified. The malware was discovered by the Elastic Security Labs. According to an official report published by the blockchain security firm, KandyKorn relies on social engineering tactics...
DeFi Education Fund, Paradigm File Amicus Brief Supporting James Harper’s appeal against IRS
24.10.2023
DeFi Education Fund (DEF), a crypto research and advocacy group, and crypto investment company Paradigm have filed a separate amicus brief supporting James Harper’s lawsuit against the US Internal Revenue Service (IRS).
Paradigm confirmed Friday that the amicus brief urges the Supreme Court...
Crypto advocates file amicus brief to address users' Fourth Amendment privacy rights
22.10.2023
The amicus brief was filed to support an appeal against the Internal Revenue Service in relation to a 2017 court order where Coinbase was forced to hand over data from more than 14,300 of its users to the IRS
Grayscale and BlackRock File Updated Applications for Bitcoin Spot ETFs with the SEC
19.10.2023
Today, Grayscale Investments and BlackRock updated their applications for Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC).
These moves come amid a shifting regulatory landscape that has seen a recent court ruling favor Grayscale's previous application. The financial giants...
Web3-Powered File Management App Raises $1.5M to Offer Alternative to Google
17.10.2023
Fileverse offers a decentralized file management and collaboration service, an alternative to centralized providers such as Google or Notion
Judge rejects SEC’s motion to file an appeal against Ripple ruling
4.10.2023
District court judge Analisa Torres denied the SEC's motion to file an appeal, claiming that the regulator did not meet its burden to show that were substantial grounds for difference of opinion