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10 months, 4 weeks agoNew US Tax Law Requires Reporting of Cryptocurrency Transactions
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in…
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bob wrote a new post
10 months, 4 weeks agoNew US Tax Law Requires Reporting of Cryptocurrency Transactions
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in…
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bob wrote a new post
10 months, 4 weeks agoFidelity's Bitcoin ETF Registration Accepted by Cboe Exchange
The United States-based exchange Cboe has accepted the registration for listing shares of a spot Bitcoin exchange-traded fund (ETF) proposed by Fidelity Investments. The Fidelity Wise Origin Bitcoin Fund has filed…
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10 months, 4 weeks agoBlackRock and Grayscale May Add Goldman Sachs as Authorized Participant for Bitcoin ETF
Two leading spot Bitcoin exchange-trade fund (ETF) applicants, Grayscale and BlackRock, are reportedly considering adding Goldman Sachs as an authorized participant. This role would involve Goldman Sachs creating…
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10 months, 4 weeks agoPossible Title: "Blockchain Analysts Link Orbit Bridge Attack to Series of 2023 Crypto Cyberattacks
A recent report from blockchain analysts suggests that the attacker responsible for draining $81.5 million from the Orbit bridge may have been involved in several other crypto cyberattacks in 2023. The report…
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10 months, 4 weeks agoRadiant Capital Falls Victim to Malicious Attack, Suffers $4.4 Million Loss
Cyvers, a cybersecurity firm, has uncovered a malicious attack on RDNTCapital, a decentralized finance (DeFi) platform. The attack resulted in a loss of over $4.4 million for RDNTCapital. The attackers used…
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10 months, 4 weeks agoNigeria's Central Bank Implements New Guidelines for Cryptocurrency Accounts
In a significant policy shift, Nigeria’s central bank has released updated guidelines for banks handling cryptocurrency accounts, signaling a change in the country’s stance towards digital assets. The move com…
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10 months, 4 weeks agoBloomberg Analyst Questions Matrixport's Claim of Potential Bitcoin ETF Rejection
A Bloomberg analyst has raised doubts about a report from Matrixport, a digital asset management firm, which claimed that the US Securities and Exchange Commission (SEC) may reject several pending applications for…
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10 months, 4 weeks agoNigeria's Central Bank Implements Stringent Guidelines for Cryptocurrency Banking
Nigeria’s central bank has issued new guidelines for banks dealing with cryptocurrency accounts, signaling a shift in the country’s approach to digital assets. The guidelines, detailed on the central bank’s offic…
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10 months, 4 weeks agoEnsuring Protection for the Future: Safeguarding Against Dementia and Incapacity
As individuals enter their later years, they often encounter various challenges that can impact their financial well-being. These challenges include the loss of social connections, disruptions to daily routines,…
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10 months, 4 weeks agoOKX Implements New Requirements to Comply with UK Financial Conduct Authority Rules
Crypto exchange OKX has announced that it will implement new requirements to comply with the rules set by the UK Financial Conduct Authority (FCA). Starting from January 8, users in the UK will be required to…
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10 months, 4 weeks agoRadiant Capital Halts DeFi Lending on Arbitrum After $4.5 Million ETH Exploit
Radiant Capital, a decentralized finance (DeFi) lending protocol, has temporarily halted its operations on the Ethereum layer2 network Arbitrum after suffering an exploit that resulted in the loss of 1,900 ETH,…
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10 months, 4 weeks agoBinance's Market Share Plummets Amid Regulatory Woes
Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in market share last year, dropping to 44.5%. This decline followed a three-year period of growth, where Binance’s market s…
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10 months, 4 weeks agoBitcoin Surges to $45K on New Year's Day, Ethereum and Dogecoin Follow Suit as US Office Buildings Face $117B Debt Crisis
Bitcoin, Ethereum, and Dogecoin experienced significant price increases on the first day of 2024. Bitcoin crossed the $45,000 mark, while Ethereum and Dogecoin also saw spikes in their values. This surge in…
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10 months, 4 weeks agoGrayscale's Amended Bitcoin ETF Application Raises Questions with Omitted Authorized Participants
Cryptocurrency asset manager Grayscale has filed an amended Bitcoin exchange-traded fund (ETF) application without listing authorized participant details. This move has raised questions and speculation among…
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10 months, 4 weeks agoBitcoin ETF Approval Speculations Drive Surge in Bitcoin Price
The US Securities and Exchange Commission (SEC) is speculated to approve a spot Bitcoin ETF, causing a surge in the digital asset market. Bitcoin experienced a 6% increase on the second day of 2024, surpassing…
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10 months, 4 weeks agoOrbit Chain Hack Linked to North Korea: Expert Estimates $81M Loss
Orbit Chain, a cryptocurrency platform, has confirmed that it was hacked, resulting in an estimated loss of $81 million. The attack is believed to be linked to North Korea, according to one expert.The hack was…
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10 months, 4 weeks agoTellor (TRB) Price Surges 150% and Plummets in 13 Hours, Causing $68 Million in Liquidations
A relatively unknown altcoin called Tellor (TRB) experienced a significant surge in price, reaching an all-time high of $619 before quickly dropping back down to $136 within a span of 13 hours on December 31st.…
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10 months, 4 weeks agoCrypto Hack on Orbit Chain's Cross-Chain Bridge Leads to Nearly $100 Million in Stolen Funds
The recent attack on Orbit Chain’s cross-chain bridge has resulted in nearly $100 million worth of cryptocurrency being stolen in December, making it the fifth-highest month for hacks in 2023. The exploit t…
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10 months, 4 weeks agoSEC Sets Deadline for Crypto Firms' ETF Applications
The Securities and Exchange Commission (SEC) is taking action on the numerous applications for Bitcoin exchange-traded funds (ETFs) that have been submitted. Crypto firms have been given a deadline to make any…
