2023-5-11 15:22 |
The IRS filed $44 billion in claims against bankrupt cryptocurrency exchange FTX and its subsidiaries over alleged tax reporting malpractices. origin »
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The US Internal Revenue Service (IRS) has filed tax claims in the FTX bankruptcy as the defunct exchange’s creditors seek fund reimbursement. This recent report shows the IRS filed dues of $44 billion in taxes associated with FTX and its subsidiaries.
2023-5-11 18:40 | |
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House Republicans and Democrats unite to advance crypto-friendly laws
Crypto Quant CEO, Ki Young Ju says the crypto market is turning into a ‘weapon of the United States’ after Trump announced a U.S. crypto reserve is underway. In a recent post, Ju analyzed Trump’s latest announcement on Truth Terminal…
Why did Trump leave Bitcoin and Ethereum out of his crypto reserve at first? And what made him change course an hour later? And what does it mean for Bitcoin’s future as a national strategic asset? Trump’s crypto reserve shakes…
Crypto czar David Sacks says he currently does not own any crypto holdings since stepping into his role. Sacks is currently undergoing a government ethics review. On March 3, Sacks responded to a post made by Venture Capital correspondent George…
Analysts at State Street forecast that crypto ETFs will outgrow precious metals in North America by the end of 2025, cementing their position as the third-largest ETF asset class. Cryptocurrency exchange-traded funds are set to overtake precious metal in the…
Spot Bitcoin exchange-traded funds in the United States recorded their highest monthly net outflows in February since their launch. According to data from SoSoValue, the 12 spot Bitcoin ETFs experienced over $3.
This is the third article in a series of articles written by Selva Ozelli focused on stablecoins, tokenized deposits, CBDC, memecoins, and more…