Wednesday, May 8, 2024
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Crypto Is Here to Stay and ‘Becoming More Legitimate’ – Regulation Bitcoin News

A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto companies, noting: “I don’t see how we can operate in this space without it.” Top IRS Official Says Crypto

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Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’ – Privacy Bitcoin News

The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy

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Accused Bitfinex Bitcoin Money Launderer Granted Permission to ‘Engage in Legitimate Employment’ – Bitcoin News

On February 8, 2022, the U.S. Department of Justice (DOJ) arrested a couple that is accused of laundering 94,636 bitcoins stolen from Bitfinex in 2016. The DOJ alleges that the tech entrepreneur, Ilya Lichtenstein, and his wife Heather Morgan, conspired to launder billions of dollars worth of bitcoin. The duo

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Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions

Wally Adeyemo, the Deputy Secretary of the United States Department of the Treasury, said the department would likely be enforcing more sanctions on companies involved in illicit transactions related to ransomware payments.Speaking at an online event hosted by the Center for a New American Security with former Treasury Secretary Jack

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Tron Obstructed Legitimate Attempts to Claim Its $1 Million Twitter Hack Bounty

There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about.An anonymous source contacted this Cryptox reporter, asking to be put in touch with Tron to collect the company’s $1 million bounty for identifying the people responsible for last week’s Twitter hack. Cryptox

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Australian Judge Says Crypto Is a Legitimate Investment Vehicle

As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral.“This is a recognized form of investment," Gibson said of cryptocurrency, also acknowledging its volatility, according to a brief from the Australian Associated Press.The plaintiff

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