Coinbase's Chief Legal Officer Warns Crypto Tax Could Set A 'Dangerous Precedent For Surveillance'
Paul Grewal also expressed his concern that establishing crypto tax reporting rules could put digital assets at a disadvantage, especially since the industry is just getting started.
Kiyosaki On Bitcoin In Inflation: Enriching The Wealthy, Squeezing The Middle-Class And Poor
For the investor and financial education advocate, inflation erodes the purchasing power of the dollar savings of the poor and the middle class who depend solely on it.
Cathie Wood Sees SEC's Shift In Attitude; Spot Bitcoin ETF By ARK Invest Makes Headway
Despite speculations, Wood noted a shift in the SEC's stance on spot Bitcoin ETF applications.
Fantom Foundation Loses Over Half-A-Million Due To Hack Caused By Google Chrome Flaw
Initial reports claimed Fantom lost $7 million in crypto due to the hack, but the team clarified that some of the wallets labeled Fantom Foundation wallet were mislabeled by blockchain explorers and that not all stolen funds were from the platform.
SBF Trial Update: Nishad Singh Purchased $3.7M House Despite Knowing FTX Used Customers' Funds
Things get a lot more interesting during the cross-examination of Singh by Sam Bankman-Fried's lawyers, particularly when the defense brought up the 10-acre estate he purchased on Orcas Island in Washington State.
Vitalik Buterin Finally Reveals Reason Behind Latest Crypto Fund Movement That Stirred Speculations
Buterin has finally said his piece about the transactions. He reminded the community that the funds were transferred not for his personal gain but for "some charity or nonprofit or other projects." The receiving organization sometimes uses the funds to meet its operating expenses.
Israel Orders Freeze, Seizure Of Over 100 Binance Accounts To Block Funding For Hamas: Report
Israeli authorities have amped up their efforts to tackle the militant group's funding practices, targeting their cryptocurrency donations, believed to be one of the major sources of funds.
Nishad Singh Felt 'Suicidal', 'Blindsided' And 'Horrified' In Days Leading To FTX Collapse
In his interview with Vox released on Nov. 16, SBF, as the ex-CEO is more popularly known in the crypto space, revealed that Singh was "ashamed and guilty" of what happened.
New Whale Moves $200M In XRP Amid Ripple Labs' IPO Speculations
The rumor that Ripple would go public started last month before the company held its "Proper Party" to celebrate its legal victory over the SEC.
Binance Continues UK Operation But Won't Accept New Customers For Now
Binance is currently looking for a partner authorized by the FCA, but since it has none at the moment, temporary restrictions will take effect along with the new U.K. regulations.
BTC Soars To $30K Amid False BlackRock ETF Approval Reports, Causing $100M Liquidations
"We apologize for a tweet that led to the dissemination of inaccurate information regarding the Blackrock Bitcoin ETF," Cointelegraph said.
Australia Outlines Tighter Rules For Cryptocurrency Exchanges, Includes Licenses And Reviews
The Australian Treasury, in a newly released consultation paper, noted the new regulatory framework intends to protect consumers by addressing potential harms, while ensuring support for the innovation of the digital asset industry.
Bitcoin Shark And Whale Wallets Reach Historic Highs As BTC Holders Accumulate
The trend underlines the positive outlook and strong confidence of large stakeholders in the world's first-ever crypto asset, especially since Bitcoin trading consists of 11% of whales and other large investors and 89% of retail investors.
Bankman-Fried May Testify But He Needs His ADHD Medication To 'Meaningfully Participate' In Trial
Bankman-Fried's lawyers urged the court to adjourn the trial for a day if it could not provide the medication or issue an order allowing his counsel to provide his prescribed medication at the courthouse on trial days.
US Officials Worry Chinese-Owned Bitcoin Mine In Wyoming Could Be Used For Planned Blackouts, Cyberattacks
The U.S. government was initially unbothered by the Bitcoin mine in Wyoming, but things changed when Microsoft submitted a report to the Committee on Foreign Investment in August 2022.
GBTC Becoming A Bitcoin ETF Imminent As SEC Won't Appeal Loss In Grayscale Case
The SEC was given time until midnight last Friday to submit a challenge to the court's decision that found it was unjust for the financial regulator to reject Grayscale Investments' application to create a spot bitcoin exchange-traded fund. The SEC's decision now clears the way for the first spot Bitcoin ETF in the U.S. although a separate approval order from the regulator is still required.
SOL Surges As FTX Estate Stakes $122M Solana Amid Liquidation Concerns
Last month, Delaware District Judge John Dorsey approved an order to allow the now-bankrupt crypto empire to sell, hedge price movements, or generate yield through staking off the crypto assets it is holding to repay its creditors.
ARK21's Spot Bitcoin ETF Filing Has 90% Chance Of Approval By January 2024 Deadline: Analysts
Despite the potentially imminent approval of spot Bitcoin ETF filings, some are concerned that the eventual arrival of traditional financial giants, including the mega-investment company BlackRock, could "fundamentally change" Bitcoin.
US Regulator Sues Former Voyager Digital CEO For Fraud And Registration Failures
The CFTC alleged that Stephen Ehrlich and Voyager Digital defrauded customers by making them believe that the crypto brokerage firm is a "safe haven" to buy and store assets, with its CEO promising high-yield returns as high as 12%.
Crypto Hackers Running Riot, Industry Losing $216,000 Every Hour
While The Money Mongers report included exploits committed by malicious actors, it did not include exit scams, rug pulls, or theft committed by employees.
Exclusive: Shiba Inu's Welly Reveals New Projects, Blockchain Tech To Revolutionize Food Industry
Welly "represents the first step in making Welly a bridge between the web3 and web2 worlds," its community manager Piergiorgio Petoia said.
Caroline Ellison Says Binance CEO 'Contributed' To FTX's Collapse
Bankman-Fried had previously blamed CZ for the FTX crash, describing it as "an extreme, quick, targeted crash precipitated by the CEO of Binance that made Alameda insolvent."
Do Kwon, TFL Now Blame Citadel Securities For Terra Collapse
Earlier this week, TFL and Kwon's lawyers urged the court to ask Citadel Securities to provide documents containing its trading activities in May 2022.
Blockchain Firm Elliptic May Have Identified Group Behind Multi-Million FTX Hack
Elliptic acknowledged the potential that an insider may have carried out or aided the exploit. It pointed out the possibility that some employees at FTX could have taken advantage of the turmoil that ensued when the company declared bankruptcy to move its cryptocurrency assets.
Account Labs Raises $7 Million For Smart, Google-Integrated Web3 Wallets
The wallet also eliminates the necessity of retaining and recalling the complex 12-word seed phrase, significantly simplifying the process of creating a wallet, even for individuals unfamiliar with web3.
Caroline Ellison Second-Day Testimony Includes Chinese Bribes And Thai Sex Workers
Ellison's voice trembled during Wednesday's testimony, and said she "felt a sense of relief that I didn't have to lie anymore."
ARK Invest's Amended Spot Bitcoin ETF Proposal A 'Good Sign For Future Approval'
The recent update on the joint spot Bitcoin ETF application for approval of ARK Invest and 21 Shares underscored information on the proposed BTC ETF, as well as practices on how it will custody assets and determine the values of the assets.
Tornado Cash Remains The Largest Crypto Mixer On Ethereum Despite 85% Drop In Trading Volume
Blockchain analysis firm Arkham Intelligence said that Tornado Cash has recovered more than a year after the U.S. government imposed sanctions on the platform and arrested several key figures behind the business.
Hamas Amassed Millions In Crypto Donations Ahead Of Israel Attack: Report
The use of crypto by terror groups and organizations trying to evade financial sanctions across the globe is nothing new. In fact, since 2021, Israeli authorities have seized around 190 Binance accounts allegedly linked to terror groups.
Caroline Ellison Admits To Crypto Hedge Fund Wrongdoing 'Because Sam Told Me To'
Ellison revealed that she experienced persistent anxiety, explaining that they would need to rely on their FTX credit line, which was subject to potential withdrawal at any moment.
