With the holidays over, everyone’s other favorite time of year is fast approaching: tax season. For crypto investors, this can bring its own set of unique headaches. Changing rules and industry jargon can make reporting cryptocurrencies to the IRS time-consuming and arduous. For starters, the agency has its own understanding of what cryptocurrency is and…
HARTFORD, Conn. — A Florida man pleaded guilty Thursday to the carjacking and kidnapping of a Connecticut couple, in what authorities called a botched ransom plot that may have been linked to a $240 cryptocurrency theft million dollars. Michael Rivas, 19, of Miami, was one of six men arrested after a series of events in…
Moskau, Russia – May 30, 2019: A gold bitcoin coin lies close-up on a table with dollar paper and credit card aganist table background. Cryptocurrency exchange concept. The world of cryptocurrency continues to expand, bringing innovative financial tools to the general public. One such tool is the crypto card, which has revolutionized the way people…
TLDR Texas judge orders Bitcoin investor Frank Ahlgren III to hand over crypto keys to $124 million fortune Ahlgren Failed to Report $3.7 Million in Bitcoin Sales and Used Mixers to Obscure Transactions Court order blocks asset transfers except basic living expenses The investor faces a sentence of 2 years in prison and $1 million…
2024 has been a pivotal year that has shaped the crypto markets – from mass institutional adoption, to retail investors’ growing confidence in crypto, and most importantly, how 2024 has changed the perception of crypto. Over the years, crypto has gone from being a niche financial product to becoming a key mainstream policy debate in…
(Courtesy of Getty Images) South Korea’s top financial regulator has proposed easing restrictions on ownership of financial holding companies in fintech platforms from the current 5% to 15%, a first such since the ownership limit was introduced in 2000. The Financial Services Commission (FSC) is also considering allowing businesses and unincorporated organizations to trade cryptocurrencies…
Bitcoin prices have fallen by around 10% in recent days. getty Bitcoin prices have been falling this week, falling below $93,000 earlier in the day after strong economic data sparked concerns that Federal Reserve officials might cut rates more slowly. The world’s most valuable digital currency by total market capitalization fell to $92,500 this afternoon,…
Over the past four months, cryptocurrency scammers have stolen more than $200,000 from southern Bruce County residents. From unsolicited malware offering technical assistance for crypto payments to people being duped by fraudulent online crypto companies, digital currency scammers are preying on Bruce County residents. “We also see job scams where people are offering work from…
5:35 p.m. ▪ 4 min read ▪ by Mikaïa A. When a crypto project collapses, the community grits its teeth and dreams of a bright future. But what happens when an entire blockchain collapses? With Hyperliquide, the pressure is palpable: this new generation blockchain must prove itself well beyond its flagship perpetual exchange, otherwise its…
Ask yourself which Americans are most in love with cryptocurrencies, and a few descriptors may come to mind: Millennials. Technicians. Guys. Republicans? Maybe not. But a new study from the University of Pennsylvania finds that Republicans are more likely than Democrats to invest in cryptocurrencies, and that some regions are more likely than others to…