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US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS

The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […] дальше »

2021-5-20 20:32


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US Lawmaker Pushes for Safe Harbor Legislation to Protect Crypto Investors With Forked Coins

US Congressman Tom Emmer is pushing for safe harbor legislation to protect taxpayers with forked coins. A bill entitled “Safe Harbor for Taxpayers with Forked Assets Act of 2021” has been introduced to prohibit “penalties against taxpayers attempting to report certain gains or losses on ‘forked assets’ until the IRS issues sufficient guidance on how […] дальше »

2021-5-20 16:30


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Report: Over 100,000 African Youths Have Participated in Binance’s Crypto Education Initiative

According to reports, over 100,000 African youths have taken part in Binance’s crypto and blockchain education barely a year after the learning program was launched. Dubbed the Binance Masterclass, the education initiative is aimed at equipping newcomers with basic knowledge about cryptocurrencies. дальше »

2021-5-20 13:00


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Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report

The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use of cryptos rather than a total […] дальше »

2021-5-20 08:30


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Bank of America joins the Paxos blockchain settlement network

Bank of America (BofA), the second-largest bank in the US, has joined the Paxos Settlement Service, a platform that leverages the blockchain to settle stock trades in minutes. A report unveiled this news on May 17, noting that this change will help the bank avoid the lengthy, antiquated settlement system, which took days to complete […] The post Bank of America joins the Paxos blockchain settlement network appeared first on Invezz. дальше »

2021-5-19 13:52


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Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe

Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures. дальше »

2021-5-18 10:00


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Ethereum’s Q1 Stats Report Highlights Blockchain’s ‘Ultra Sound’ Financial Growth in 2021

During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter financial results. дальше »

2021-5-18 00:30


Hackers Have Received Over $81M in Crypto since January Due to Ransomware: Chainalysis Report

Blockchain and crypto analytic firm Chainalysis has released its mid-year findings, which show that ransomware victims have paid approximately $81 million worth of crypto this year. The company noted that the $81 million figure is likely to rise in the coming days as more ransomware addresses are identified and, as such, the figure should be […] The post Hackers Have Received Over M in Crypto since January Due to Ransomware: Chainalysis Report first appeared on BitcoinExchangeGuide. дальше »

2021-5-17 18:59


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RBI reportedly urging banks to cut ties with crypto exchanges and traders

The lack of rules for cryptocurrency trade in India is giving birth to policy grey areas that different stakeholders are using to their benefit. As per a Reuters report on 13 May 2021, India’s central bank, the Reserve Bank of India (RBI), has recently asked Indian banks, informally, to stop banking services to crypto trades. […] дальше »

2021-5-16 18:17


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Ciphertrace Report Shows Crypto Crime Moving to Defi

Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” […] дальше »

2021-5-15 03:30


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Report: Colonial Pipeline Paid $5M Worth in Crypto to Ransomware Gang, Restarts Services

The global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country. A recent report claims hackers asked Colonial Pipeline to pay for an undisclosed amount in ransom to unlock the firm’s system – a demand the company allegedly fulfilled. Darkside Gang […] дальше »

2021-5-15 23:00


Binance has a “Robust Compliance Program” to Detect Suspicious Activity, says Exchange on DOJ & IRS Probe Report

The exchange says they take legal obligations very seriously and have a “strong track record of assisting law enforcement agencies around the world.” The post Binance has a “Robust Compliance Program” to Detect Suspicious Activity, says Exchange on DOJ & IRS Probe Report first appeared on BitcoinExchangeGuide. дальше »

2021-5-14 16:51