Hundreds of crypto-related cases are piling up at the Internal Revenue Service (IRS)’s Criminal Investigation division. According to division chief Jim Lee, many of these cases will be made public soon, of which are largely related to tax. Evading Taxes With Crypto As reported by Bloomberg Tax, some of his division’s most common cases are...Read More
The Canadian government will begin consultations on cryptocurrencies, stablecoins, and CBDCs. The ruling body maintained that such assets should function under strict supervision since they could facilitate illicit operations and pose “a challenge to democratic institutions.” Crypto is Among the Budget’s Priorities As disclosed in its mini-budget 2022, Canada’s federal government will aim to impose...Read More
High-profile defence lawyer, James Filan, has made striking predictions on the Ripple Inc vs SEC lawsuit regarding the XRP’s programmatic sales. According to Filan in a series of tweets, ‘District Judge Torres will decide both the Expert Motions and the Summary Judgment motions at the same time – on or before March 31, 2023.’ The...Read More
One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest...Read More
The largest BTC corporate holder – MicroStrategy – posted a minimal impairment charge of $727,000 on its bitcoin ownings in Q3, 2022 due to the relatively stable price of the asset during that period. The company purchased additional 301 coins between July and October, rounding up its total holdings to 130,000 BTC. The Q3 Results...Read More
If you haven’t heard about the initial coin offering (ICO) of a groundbreaking cryptocurrency project called Uniglo.io (GLO), it’s time to learn about it fast. This project is attracting a wide range of investors who come from different backgrounds because it can simplify passive income-making and digital asset ownership. Moreover, Uniglo.io has proposed implementing a...Read More
A new study has found nearly all crypto projects listed on Uniswap between 2018 and 2021 were malicious and scam-related. The study titled DO NOT RUG ON ME: ZERO-DIMENSIONAL SCAM DETECTION, was conducted by three researchers; Bruno Mazorra, Victor Adan, and Vanesa Daza from the University of Pompeu Fabra and the University of Barcelona. Could...Read More
The Ripple vs SEC lawsuit case has attracted the attention of almost the entire cryptocurrency community. A number of crypto firms, including Coinbase, are pushing for the case to be dropped as soon as possible. However, Attorney Jeremy Hogan, in a series of tweets earlier today, noted that the Ripple vs SEC case is much...Read More
The popular Instagram influencer Jebara Igbara, also known as “Jay Manzini,” pleaded guilty to money laundering, wire fraud, and wire fraud conspiracy. He used the social media platform to promote various schemes to investors but, in fact, defrauded them with $8 million. In addition, Igbara told his followers he wanted to buy a huge amount...Read More
