Seven U.S. senators, including Elizabeth Warren and Bernie Sanders, have urged the Treasury Department and IRS to expedite the implementation of tax reporting requirements for crypto brokers. The lawmakers expressed concern over the two-year delay in enforcing these rules, which are set to take effect in 2026 for transactions in 2025. They argued that the […]
FTX co-founder Sam Bankman-Fried reportedly considered selling equity in the company to Saudi Crown Prince Mohammed bin Salman, according to testimony from former Alameda Research CEO Caroline Ellison during Bankman-Fried’s trial for alleged fraud. The testimony revealed that Bankman-Fried and Ellison discussed methods to hedge their investments in 2022, with the potential investment from the […]
Bitcoin experienced a decline of nearly 3% to $26.7K, reaching its lowest level since late September. Despite attempting to break through the $28,000 resistance over the weekend, the cryptocurrency was unable to sustain its momentum. This setback has left investors wondering how much further Bitcoin’s price may drop. The market volatility and uncertainty surrounding Bitcoin’s […]
Bitstamp, a cryptocurrency exchange, has announced that it will be discontinuing its services to customers in Canada starting from January 8, 2024. The decision was initially communicated to Canadian customers in March and CEO Bobby Zagotta expressed the company’s gratitude towards its Canadian customers, emphasizing that this was not an easy decision. Bitstamp has also […]
Ex-Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam Bankman-Fried, revealing that they communicated through the messaging app Signal, which has an auto-delete feature. Ellison also claimed that Bankman-Fried instructed her and others not to leave anything in writing. Prosecutors presented evidence showing that Bankman-Fried set the disappearing message time for one […]
Israeli crypto firms are dealing with the aftermath of a surprise attack by Hamas fighters. While many of these firms are not experiencing severe disruptions to their business operations, some employees are being called up for reserve duties in the army. In response to the ongoing war, Israeli crypto firms have launched a campaign called […]
The Federal Open Market Committee (FOMC) has reaffirmed its commitment to higher interest rates, signaling the possibility of another rate increase in the near future. Despite a complex economic environment characterized by elevated inflation and slowing job gains, the FOMC remains optimistic about the strength of the labor market and the pace of real GDP […]
Former Alameda Research CEO Caroline Ellison testified in court, providing more details about the financial crimes she and her ex-boyfriend, Sam Bankman-Fried, committed at FTX. Ellison revealed that FTX bribed the Chinese government with $100 million in order to unlock a larger pool of frozen assets. The bribery occurred after other attempts to recover funds […]
Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval allows Hata to launch its services within the next six to nine months. Hata will be the fifth regulated digital asset exchange in Malaysia and the […]
Binance, a popular cryptocurrency exchange, has introduced a new feature called “copy trading” that allows users to replicate the trading strategies of successful crypto futures traders. This feature enables “copy traders” to mimic the real-time trading strategies of “lead traders” on the platform. Users can assess the performance metrics of lead traders and customize their […]
