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CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume Reporting

London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12.According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by

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Ripple Promises Higher Degree of Accuracy in XRP Volume and Sales Reporting

Ripple, the company behind settlement-oriented crypto asset XRP, promised a higher degree of accuracy for XRP volumes and sales in a post published on June 3.In its announcement, Ripple cites recent reports about fake cryptocurrency trading volumes, such as the one recently released by United States-based asset manager Bitwise,

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Coin Metrics Report Highlights Discrepancies in Ripple’s Escrow System Reporting

Blockchain analysis company Coin Metrics has found discrepancies in blockchain payments network Ripple’s escrow system reporting, according to a May 16 report.Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, investigated Ripple and discovered what it said were contradictions that required an explanation.“Coin Metrics found several important

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US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11.21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency

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Despite Reporting Revenue Losses, GMO Internet’s Crypto Mining Rewards Soar

Japanese IT giant GMO Internet Group has published the latest monthly disclosure on its in-house crypto mining operations, confirming that it took a steep hit in overall mining revenue. GMO released the disclosure in a publicly available document on Jan. 8, also revealing a steady increase in its monthly Bitcoin

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Japanese Police See Surge in Suspicious Cryptocurrency Trade Reporting

The National Police Agency of Japan has revealed that between January and October this year, it recorded 5,944 reports from crypto exchanges regarding suspicious cryptocurrency transactions possibly involving money laundering and tax evasion. Figures reported by Jiji Press show that from 699 cases reported last year, the numbers have multiplied more

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Japanese Taxation Committee Seeks to Simplify Cryptocurrency Tax Reporting

A Japanese taxation policy committee held a debate with the aim of simplifying cryptocurrency tax Wednesday, Oct. 17, Japanese daily news outlet Sankei News reports.Highlighting the complex tax filing regime currently in place for Japanese citizens, officials from the committee — which advises the government on policy — said there

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