Tucked within President Biden's budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors' ability to take advantage of losses to lower their tax …
US Cybersecurity Policy Plays Catch-up amid DPRK Hacking Threat
On March 2, the White House released a note to share the annual cybersecurity strategy, in line with the new challenges which the Western world is currently facing. The two main objectives highlighted …
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Texts From Crypto Giant Binance Reveal Plan to Elude U.S. Authorities
Binance exploded onto the crypto scene in 2017 and grew into the world’s biggest digital-currency exchange. It quickly ran into a problem. It largely operated from hubs in China and then Japan, yet a …
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Senators press crypto exchange Binance on potentially illegal business practices after FTX collapse
A bipartisan group of senators asked Binance, the world’s largest cryptocurrency exchange and once-competitor to bankrupt crypto giant FTX, for detailed information on its business operations amid …
Cryptocurrency and Taxes: What You Need to Know
Let's first make sure we're on the same page when it comes to crypto tax prep. This is how the IRS classifies cryptocurrency: It’s a digital currency or a "digital representation of value." You can't …
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US Crypto Crackdown Boosts Appeal of Friendlier Overseas Hubs
A spate of crypto probes in the US is prompting battered digital-asset firms to look toward financial hubs overseas, clouding the country’s position as a cornerstone of the industry. Singapore, Hong …
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Russians Using Crypto To Fund War Face An Uphill Battle
A year into Russia’s war on Ukraine, we are just starting to see how cryptocurrencies may play a role. While the cryptocurrency market is simply not big enough to provide relief to the embattled …
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Bitcoin Sinks Below $23,000 as Crypto Regulation Scrutiny Intensifies
Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, …
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Crypto exchange Kraken faces probe over possible securities violations: Report
Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission over whether it breached rules around the offering of securities. According to a Feb. …
Logan Paul Faces ‘Rug Pull’ Class-Action Lawsuit Over CryptoZoo NFTs
Famed internet personality Logan Paul and NFT project CryptoZoo have been accused of engaging in a “rug pull” in a new class-action lawsuit. Announced in September 2021, CryptoZoo was marketed as an …
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