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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 »
2023-8-1 08:00 | |
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 »
2023-8-1 00:53 | |
Binance becomes first exchange to secure operational MVP license in Dubai
Binance announced on Monday it had received the Operational Minimum Viable Product (MVP) license issued by Dubai’s Virtual Assets Regulatory Authority (VARA). The exchange secured the landmark license via its subsidiary Binance FZE. дальше »
2023-8-1 15:36 | |
Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations
In a move to address growing concerns over money laundering and terrorist financing associated with cryptocurrencies, the Presidency of Peru has issued a new decree. The decree mandates that all cryptocurrency exchanges operating within the country must comply with anti-money laundering (AML) regulations. дальше »
2023-7-29 06:47 | |
Crypto Regulation Or Overreach? SEC’s Warning Draws Mixed Reactions
The US Securities and Exchange Commission (SEC) has issued a dire warning to accounting firms conducting audits in the crypto asset space. In a statement released on July 27, SEC Chief Accountant Paul Munter expressed concerns about the potential for misleading information to be presented to investors through non-audit work, which he argued is not […] дальше »
2023-7-29 22:00 | |
SEC cautions accounting firms against accommodating non-compliant crypto clients
The U. S. Securities and Exchange Commission (SEC) issued a stern warning to accounting firms on July 27, outlining the potential risks and liabilities of serving clients in the rapidly evolving crypto industry. дальше »
2023-7-28 08:00 | |
FDUSD: Is Binance’s Latest Addition Another Stablecoin By Tron’s Justin Sun?
Binance, the leading crypto exchange, has added a new stablecoin to its platform – First Digital USD (FDUSD) today. The stablecoin, issued by First Digital Trust, a Hong Kong-based digital asset custodian, has attracted attention and sparked controversy within the crypto community. дальше »
2023-7-27 01:00 | |
Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report
A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS. дальше »
2023-7-27 22:45 | |
Defi platform Era Lend exploited on zkSync, losses $3.4m in assets
CertiK, a leading blockchain security firm, has issued an urgent Skynet Alert after receiving multiple reports of the defi platform Era Lend falling victim to an exploitation on zkSync. Losses are currently estimated to be around $3.4 million. Another hacking… дальше »
2023-7-26 04:02 | |
US prosecutors granted extension till October in Mashinsky case
The U.S. District Judge John Koeltl issued an order to give prosecutors an extension on the Alex Mashinsky case On July 25. The decision give prosecutors more time to gather evidence before the criminal trial, which would otherwise be required… дальше »
2023-7-26 02:10 | |
Crypto investors in Canada face home theft risk, police say
Canadian police issued a public warning on July 19 regarding a concerning trend of high-value crypto investors falling victim to home robberies. дальше »
2023-7-21 15:20 | |
Crypto Investors Targeted: Bad Guys Posing As Delivery Drivers Invade Homes In Canada
Richmond and Delta, two neighborhoods in Canada, have recently witnessed a disturbing surge in home-invasion-style robberies targeting wealthy crypto investors. Local police, alarmed by the trend, have issued a warning to the public, highlighting the severity of the situation. дальше »
2023-7-21 12:11 | |
Societe Generale gets Digital Asset Service Provider licence in French
The French Financial Markets Authority (‘Autorité des Marchés Financiers’ (AMF)) has issued a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN), to Societe Generale – FORGE (SG-FORGE), a Societe Generale Group subsidiary focused on crypto asset activities. дальше »
2023-7-20 19:52 | |
Mysterious self-proclaimed Binance stakeholder “Eeon” seeks to intervene in SEC’s suit against the exchange
“Eeon,” an individual that claims to represent Binance customers, attempted to enter an ongoing securities case concerning the exchange company on July 14. Eeon and the affected customers wrote in a filing: “We are the proper parties to this matter as we have been identified by the Court in its Order issued on June 17, […] The post Mysterious self-proclaimed Binance stakeholder “Eeon” seeks to intervene in SEC’s suit against the exchange appeared first on CryptoSlate. дальше »
2023-7-15 01:40 | |
Stablecoin Issuer CEO Sounds The Alarm: US Dollar Faces Looming Threat
The CEO of stablecoin issuer Circle, Jeremy Allaire, issued a stern warning, emphasizing the urgent need for Congress to regulate stablecoins in order to safeguard the US dollar’s status as a global reserve currency. дальше »
2023-7-14 14:25 | |
SEC has no “unbounded jurisdiction over crypto”, Ripple’s Chief Legal Officer says
Ripple, the blockchain company behind the XRP token, is celebrating a key victory over the US Securities and Exchange Commission (SEC). On July 13, Invezz was among the first to break the Ripple news that US Judge Analisa Torres had issued a summary ruling that effectively declared XRP was not a security token [Read the […] The post SEC has no “unbounded jurisdiction over crypto”, Ripple’s Chief Legal Officer says appeared first on Invezz. дальше »
2023-7-14 22:58 | |
BREAKING: $1 Billion New Tether (USDT) Issued On Tron Network – Bitcoin To Surge?
Tether, the leading stablecoin provider, today issued an additional 1 billion USDT on the TRON network. This mammoth issuance is expected to significantly alter the stablecoin landscape. Data from Coingecko reveals that in the past 90 days, USDT’s market value has soared by $2. дальше »
2023-7-12 11:14 | |
LBRY Final Judgment Leaves Ripple And XRP Hanging In The Balance
Ripple and the XRP community were eagerly awaiting the ruling in the LBRY case yesterday. In a court decision issued on Tuesday, July 11, the case between the Securities and Exchange Commission (SEC) and decentralized content sharing platform LBRY Inc. дальше »
2023-7-12 09:30 | |
Dubai’s virtual assets regulator suspends critical license for crypto exchange BitOasis citing regulatory non-compliance
Dubai’s Virtual Assets Regulatory Authority (VARA) issued a market alert on July 10 concerning the local crypto exchange BitOasis. The notice indicates that BitOasis’ conditional MVP Licence has been suspended as it has failed to meet the related requirements. дальше »
2023-7-11 01:55 | |
Twenty-four CBDCs could be in circulation by 2030: BIS
93% of the 86 central banks surveyed were working on CBDC projects. All the countries that have already issued CBDCs so far are developing countries. As per a new survey, 15 retail and 9 whoThe post Twenty-four CBDCs could be in circulation by 2030: BIS appeared first on AMBCrypto. дальше »
2023-7-10 16:00 | |
Elon Musk Calls Out Mark Zuckerberg’s Deceit: Battle Erupts on Twitter vs. Threads
Twitter’s Legal Threats Escalate as Elon Musk Accuses Meta CEO of Unfair Play In a significant turn of events, Alex Spiro, a lawyer representing Twitter, has issued a stern warning to Mark Zuckerberg, the CEO of Meta, concerning their recently launched application called Threads. дальше »
2023-7-10 14:35 | |
Winklevoss gives DCG 2 days to accept Gemini’s ‘best and final offer’
The co-founder of the Gemini cryptocurrency exchange, Cameron Winklevoss, publicly issued an ultimatum to Barry Silbert, the CEO of the Digital Currency Group (DCG), on July 4. In an open letter, he announced Gemini’s “best and final offer” for debt restructuring, giving Silbert a tight deadline of just two days to respond. дальше »
2023-7-4 12:58 | |
Belarus Intends To Put A Ban On P2P Crypto Transactions, Here’s Why
The Belarusian Ministry of Foreign Affairs is formulating legal changes prohibiting peer-to-peer (P2P) cryptocurrency transactions. Related Reading: Thai SEC Tightens Investor Protection, Bans Customer Crypto Fund Usage Recently, the Ministry of Foreign Affairs (MFA) of the Republic of Belarus issued an official announcement detailing the objectives and implications of the new legislation concerning individuals engaged […] дальше »
2023-7-4 00:30 | |
Asia crypto hubs introduce new bans to lending, staking for retail investors
The Asian crypto hub Singapore and neighboring Thailand have released new directives over the handling of digital assets in two announcements on July 3. Singapore’s six new requirements for crypto businesses The Monetary Authority of Singapore (MAS) issued six new requirements for crypto firms to protect crypto investors. дальше »
2023-7-3 15:40 | |
Crypto travel rule fails to meet FATF standards, says report
The Financial Action Task Force (FATF) has issued a renewed call urging countries to adopt and implement the "Travel Rule" as a vital measure to combat money laundering and terrorism financing facilitated through cryptocurrencies. дальше »
2023-6-27 19:38 | |
Japan Grants Exemption From 30% Crypto Tax On Paper Gains To Token Issuers
The National Tax Agency of Japan released an updated version of its corporate tax guidelines, introducing significant changes to the crypto taxation rules for digital token issuers. This revision focuses explicitly on eliminating taxes on unrealized gains derived from crypto assets issued by companies. дальше »
2023-6-26 16:00 | |
XRP races against the clock to beat its Q1 performance as...
Issued assets on the ledger improved, and XRP could be on track to beat its Q1 performance. Traders opened more long positions and bulls might need to counteract emerging sell orders. After The post XRP races against the clock to beat its Q1 performance as... appeared first on AMBCrypto. дальше »
2023-6-25 07:30 | |
Market Regulator In Belgium Orders Binance To Suspend Crypto Services
In the most recent development, Belgium has joined the ranks of countries taking decisive action against Binance. The authorities have now issued an order demanding the cessation of services provided by the company. дальше »
2023-6-25 16:44 | |
Supreme court rules in favor of Coinbase, issues order to move user lawsuit into arbitration
The U. S. Supreme Court ruled in favor of cryptocurrency exchange Coinbase in a dispute involving the enforcement of arbitration clauses on June 23, Reuters reported. The court issued an order to halt proceedings in one of the pending customer lawsuits — Bielski vs. дальше »
2023-6-23 19:14 | |
Cybersecurity Firm Raises Alarm as 100K ChatGPT User Logins Found on Dark Web
Dark Web Leak Exposes Confidential Data as 100K ChatGPT Accounts Compromised, Warns Cybersecurity Firm A cybersecurity company has issued a grave warning after discovering that over 100,000 login credentials for the renowned artificial intelligence chatbot, ChatGPT, have been leaked and traded on the dark web. дальше »
2023-6-23 14:35 | |
SAP opens testnet registration for cross border payments in stablecoins
The German enterprise software firm SAP has launched a preview of its Digital Currency Hub (DCH) system, enabling cross-border payments using USDC and EUROC. Issued by payment technology firm Circle, the USDC and EUROC stablecoins are pegged 1-to-1 with the dollar and euro. дальше »
2023-6-23 11:51 | |
Prime Trust cannot fulfill withdrawals, must stop accepting funds: Nevada C&D order
Financial regulators in Nevada issued a cease and desist order against Prime Trust on June 21 after monitoring the company for solvency. In an email to CryptoSlate, the Nevada Financial Institutions Division (NFID) said it monitored the solvency of Prime Trust prior to a possible acquisition or merger. дальше »
2023-6-23 02:41 | |
Binance Brazil is being investigated for suspected pyramid schemes
Binance has been under fire from regulators in the United States, Australia, the Netherlands, and now Brazil. Binance. US and its legal team have, however, alleged that the SEC issued misleading statements in the lawsuit. дальше »
2023-6-23 18:50 | |
Binance Issues Cease And Desist To Nigerian Impersonator
Binance CEO Changpeng Zhao has taken to Twitter to deny any association with Binance Nigeria Limited which has been mistaken as part of the exchange. As a result, the exchange has now issued a cease and desist notice to the impersonator(s). дальше »
2023-6-20 19:00 | |