Ripple v. SEC Case: Unrevealed XRP Memo Put into Spotlight by Legal Analyst

John E. Deaton, an attorney who has been closely monitoring Ripple's ongoing legal skirmish with the U.S. Securities and Exchange Commission (SEC), has raised intriguing questions about a 2018 internal memo by the SEC's enforcement lawyers дальше »

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Crypto Exchanges Under IRS Radar: New Treasury Proposal Demands Detailed Transaction Reports

The US Treasury Department has recently published a proposed rule requiring cryptocurrency brokers, including exchanges and payment processors, to report user information regarding sales and exchanges of digital assets to the Internal Revenue Service (IRS). дальше »

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FTX and BlockFi hit by cybersecurity breach

Both FTX and BlockFi assured users that their internal systems and client funds remained unaffected. It was clarified that Kroll didn't manage account passwords and other data. CryptocurrencThe post FTX and BlockFi hit by cybersecurity breach appeared first on AMBCrypto. дальше »

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Coinbase to delist six altcoins, including OOKI and VGX

Coinbase, the leading US digital asset trading platform, will suspend trading of six cryptocurrencies as part of its regular internal review. On Aug. 23, Coinbase disclosed on X (formerly known as Twitter) that it will delist BarnBridge (BOND), DerivaDAO (DDX),… дальше »

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Sam Bankman-Fried plans to lean on ‘counsel advice’ defense in criminal trial

FTX founder Sam Bankman-Fried intends to blame “counsel advice” provided by the company’s internal legal team and Fenwick & West, a prominent Silicon Valley law firm, in his case against the U. дальше »

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Crypto Custodian Prime Trust Navigates Chapter 11 Bankruptcy

Prime Trust, a leading crypto custodian, files for Chapter 11 bankruptcy protection in Delaware following internal restructuring moves. дальше »

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CoinDesk to lay off 45% of editorial staff amid restructuring: Report

Crypto media outlet CoinDesk is laying off 45% of its editorial staff in a sweeping restructuring move as its parent company Digital Currency Group (DCG) seeks to bring on strategic investors, according to an internal memo reviewed by The Block. дальше »

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CoinDesk Restructuring: 45% of Editorial Staff Let Go Ahead Of Acquisition

Per a report from TheBlock, competitor CoinDesk cuts its workforce almost in half as the company prepares to complete a major deal. Crypto reporter Frank Chaparro reviewed an internal memo announcing the decision today. дальше »

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Rock And Roll: Rollbit Coin Dominates Top 100 Crypto Ranking With 130% Gain

Rollbit (RLB) deviated from the prevailing norms typically observed in cryptocurrency initiatives, deliberately and noticeably distinguishing itself. Instead of following the conventional practice of allocating a substantial amount of their coin supply for internal use, Rollbit opted for a different approach. дальше »

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Kenya Halts Worldcoin Cryptocurrency Project Amid Security Concerns

The Kenyan government has announced the suspension of all activities related to Worldcoin, the recently launched cryptocurrency project. Minister of Internal Security Kithure Kindiki made the announcement on August 2,... дальше »

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IRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt

The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. дальше »

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Staking rewards are now taxable, says IRS

The Internal Revenue Service (IRS), the leading tax authority in the United States, recently released Revenue Ruling 2023-14, providing clarity on the taxation of income derived from crypto staking.  The ruling categorizes cryptocurrency staking rewards, along with various other income… дальше »

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IRS clarifies rules on crypto staking rewards

The Internal Revenue Service issued new guidelines on July 31, outlining its stance on taxing cryptocurrency staking rewards. The new directives stipulate that taxpayers who engage in staking of cryptocurrency native to a proof-of-stake blockchain and subsequently receive additional cryptocurrency units as validation rewards are required to include the value of these rewards in their […] The post IRS clarifies rules on crypto staking rewards appeared first on CryptoSlate. дальше »

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Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know

The US Internal Revenue Service (IRS) has declared earnings from cryptocurrency staking as taxable income, increasing scrutiny on the crypto market. The post Crypto Staking Rewards Classified as Taxable Income by IRS: What You Need to Know appeared first on BeInCrypto. дальше »

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IRS: Crypto Staking Rewards Taxable Once Investor Gets Hands on Tokens

A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS). дальше »

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KuCoin dispels layoff rumors, CEO cites ‘normal’ personnel adjustments

Crypto exchange KuCoin denied “any alleged layoff plan,” according to a July 25 email statement to CryptoSlate. On July 25, Wu Blockchain, citing three unnamed internal employees, reported that KuCoin planned to lay off 30% of its workforce. дальше »

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Apple developing its own AI chatbot as an internal tool

Apple is developing artificial intelligence (AI) tool including a chatbot that is similar to ChatGPT, Bloomberg reported on July 19. Company members have reportedly been working on an internal framework for large language models called “Ajax” since 2022. дальше »

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Apple has its own GPT AI system but no stated plans for public release: Report

The Cupertino, California-based company reportedly developed an internal GPT system on Google infrastructure for employees to tinker with. дальше »

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Binance Slashes Worker Benefits as Profit Falls: WSJ

Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal. дальше »

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Kraken Fights IRS Request, Claims Overreach and Argues Customer Protection

In 2021, Kraken had seemingly received a summons from the Internal Revenue Service (IRS), but the exchange did not conform with the order. The IRS now intends to look into the tax liabilities of customers who used the platform to transact in cryptocurrencies between 2016 and 2020. дальше »

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IRS investigating American crypto exodus to Puerto Rico

The U. S. Internal Revenue Service (IRS) is pursuing tax dodgers who abused Puerto Rico’s tax structures, Bloomberg reported on July 12. Puerto Rico has offered significant tax incentives to cryptocurrency traders, hedge fund managers, and other American investors since 2012. дальше »

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Kava 14 Speeds Up Expansion of the Cosmos Ecosystem

The Kava 14 upgrade has been released by Kava, a Layer-1 blockchain that combines the developer capability of Ethereum with the speed and interoperability of Cosmos. ‘Internal bridge’ technology is used in this version to quickly convert native Cosmos assets to and from Ethereum’s ERC20 token standard. дальше »

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Google Play to Allow Marketing of Tokenized Assets With Fewer Restrictions

Google Play's much-heralded policy update stands in contrast to prevailing internal rules at other online stores such as Apple's. The post Google Play to Allow Marketing of Tokenized Assets With Fewer Restrictions appeared first on BeInCrypto. дальше »

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Multichain’s ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis

Chainalysis told Cointelegraph that it was “describing it as a possible rug pull” based on an analysis of Multichain’s spurious transactions and internal problems. дальше »

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Binance Feels Strain of World’s Regulators Leaping Into Action

Australian officials directly sought out current and former employees of Binance’s operation there this week, demanding copies of internal communications and data from their personal devices, according to a person familiar with the government’s move against the leading crypto exchange, which marked the latest in a pile-up of legal troubles facing the company. дальше »

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P2P Transactions Could be Banned in Belarus

In a bid to clamp down on criminal activities, Belarus is creating legislation aimed at prohibiting peer-to-peer (P2P) cryptocurrency transactions, stating that the Ministry of Internal Affairs is working on... дальше »

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Belarus eyes ban on peer-to-peer crypto transactions in fight against cybercrime

Belarus wants to ban peer-to-peer crypto transactions and introduce legislation that requires citizens to use regulated crypto exchanges, according to a July 2 statement from the country’s Ministry of Internal Affairs (MVD) VKontakte page. дальше »

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Kraken receives court order to turn over customer data to IRS

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded… дальше »

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Kraken Ordered To Unveil Customer Data In IRS Crypto Tax Probe – What’s At Stake?

Kraken, the renowned digital currency exchange based in San Francisco, has been served with a court directive by a United States judge, compelling the disclosure of customer information to the Internal Revenue Service. дальше »

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Kraken ordered to provide IRS with user data

Kraken has been ordered to provide information about its users to the Internal Revenue Service (IRS), according to a June 30 court filing. Users who traded $20K affected The filing says that Kraken must provide the IRS with identifying information about users that traded at least $20,000 worth of cryptocurrency over a one-year period. дальше »

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Robinhood to axe 7% of full-time staff in latest round of layoffs: Report

Roughly 150 full-time employees are being laid off, according to internal company messages.

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FTX Owes its Customers A lot of Money: Internal Audit

FTX, the infamous exchange that collapsed in November, is reportedly in debt to its customers for $8.7 billion, resulting from the mishandling and commingling deposits, according to an investigative report... дальше »

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BitMEX CEO urges crypto exchanges to abandon internal market makers

BitMEX CEO Stephan Lutz expressed his belief that crypto exchanges can operate without internal market makers, citing concerns raised by the revelation that Crypto.com has internal trading teams engaged in crypto trading activities. дальше »

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BitMEX’s CEO Calls For Crypto Exchanges To Ditch Internal Market Makers

As the crypto landscape evolves, BitMEX’s acting CEO Stephan Lutz suggests that a change be made in the operational model of exchanges, specifically concerning their internal market-making teams. дальше »

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XRP Lawsuit: Ripple and SEC Align on Hinman Emails As Case Takes Interesting Turn

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Crypto.com says operating in-house trading team, market maker not ‘controversial’

Crypto. com has an internal trading team and operates as a market maker on its platform, highlighting a potential conflict of interest, reported the Financial Times. Market makers provide liquidity, ensuring users can buy and sell quickly at prevailing market prices. дальше »

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Crypto.com Has Internal Teams to Trade Tokens for Profit: The Financial Times

Anonymous sources claim that Crypto.com has deployed its own internal teams who are trading for company's profit дальше »

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Crypto.com Internal Trading Practices Raise Conflict of Interest Concerns: FT Report

As regulatory scrutiny in the cryptocurrency industry grows stronger, concerns have been raised about potential conflicts of interest due to Crypto. com's internal trading practices. Following actions taken by the US securities authority against major exchanges, including the pause of Crypto. дальше »

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Ripple boss sheds light on SEC and Hinman’s internal documents

Brad Garlinghouse reveals details about the SEC and Hinman, unveiling cryptic communications and regulatory challenges. Ripple disputes regulator's claim that XRP is a security дальше »

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Prime Trust Owned Banq Files for Bankruptcy Amid Internal Struggles

Banq, a subsidiary of Prime Trust, has filed for bankruptcy in Nevada citing internal struggles and unauthorised transfers. Banq has accused former officers of stealing trade secrets to start competitive company. дальше »

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Ripple CEO: Hinman docs are ‘well worth the wait’

Brad Garlinghouse hinted that the eagerly awaited Hinman documents, which detail internal deliberations by Securities and Exchange Commission staff, could tip the court battle in Ripple’s favor. дальше »

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Meta’s Upcoming Generative AI Tools for WhatsApp, Messenger, and Instagram, Alongside Internal AI Advancements

This week, Meta unveiled its latest developments in generative AI technology for its popular consumer products like Instagram, WhatsApp, and Messenger. In an all-hands meeting, Meta CEO Mark Zuckerberg announced several AI advancements, including AI chatbots for Messenger and WhatsApp, AI stickers, and photo editing tools for Instagram Stories. дальше »

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Binance CEO Changpeng Zhao Tells Employees: Keep Quiet or Quit

Binance CEO Changpeng Zhao warns employees to keep quiet or quit after leaks of internal chats circulate on the internet. The post Binance CEO Changpeng Zhao Tells Employees: Keep Quiet or Quit appeared first on BeInCrypto. дальше »

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Binance CEO Condemns SEC’s Release Of Employee Chat Records

Binance CEO, Changpen Zhao (CZ), has allegedly released an internal letter addressing the recent disclosure of employee chat records by the Securities and Exchange Commission (SEC), according to the Chinese reporter Colin Wu. дальше »

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IRS Can Access Your Coinbase Trade Records, John Doe Summons Valid

A U.S. Federal court has confirmed that the Internal Revenue Service (IRS) holds the authority to demand user data from Coinbase, a leading cryptocurrency exchange. The verdict dismissed constitutional objections... дальше »

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Singapore’s Temasek cut salaries for staff behind $275M FTX investment

Monday crypto news confirmed Singapore’s Temasek Holdings had concluded an internal review of its $275M investment loss at now-insolvent FTX exchange. The staff accountable for the investment took full responsibility and had their salaries cut. дальше »

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Temasek slashes compensation for execs responsible for its $275M FTX investment

While “no misconduct” was determined by Temasek’s internal review, staff involved with the FTX investment will see a dent in their pay package. дальше »

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XRP Lawsuit: SEC May Have Just Bitten Off More Than It Can Chew As Ripple Eyes ‘Very Big Win’ in Case

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'SEC Can Still Win': Ex-Ripple Exec on Latest XRP News

Matt Hamilton highlights concerns as internal SEC emails cast doubt on case against Ripple дальше »

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'Huge': SEC Emails Suggest XRP Is Not Security

New evidence suggests that Ripple's XRP token may not be classified as security, according to SEC's recently unearthed internal emails дальше »

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