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The Internal Revenue Service (IRS) is building “hundreds” of crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double the previous year’s total. IRS Building ‘Hundreds’ of Cases to Crack
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Two digital asset exchange-traded fund (ETF) issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter, though some remain bullish about the market's prospects.In the last week, Australian crypto ETF providers including Holon Investments and Cosmos Asset Management have indicated they may
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The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest financial seizure ever.” Silk Road Exploiter Pleads Guilty The U.S. Department
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Royalty enforcing NFTs to be a ‘new asset class’: Magic Eden CEOJack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic Eden has floated the idea of NFTs designed to enforce royalties.Lu said in an address at Solana’s Breakpoint 2022 conference on Nov. 5 that these NFTs could “give
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Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market
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A white hat Nomad exploiter says stronger incentives are needed to reward the good Samaritans who help protocols identify and patch vulnerabilities. Source
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The world is upside down. Is bitcoin stable now? Or is everything else extremely volatile all of a sudden? As the planet
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“It is critical that any cross-border initiative, taken in regards to the work on CBDCs, reflects an inclusive approach to the needs that will be expressed by the Bahamas and small countries in this arena,” John Rolle, governor of the Bahamas’ central bank, told the conference. Source
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It’s important to note that Perez is not attempting to predict the future. She is condensing the experience of five previous technological revolutions going back to the 1700s (factory production, steam/railway, steel/electricity, oil/cars/mass production and telecommunication) into recognizable patterns. And yet she could just as easily be talking about the
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Anthony Di Iorio, the co-founder of Ethereum, Decentral and Jaxx Liberty, unveiled a project he says he’s envisioned, designed and built over the span of a decade. The project, dubbed Andiami, blends game theory with cutting-edge hardware, to bring blockchain computers to a wider audience. Source
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