Cryptocurrency Analysis and News Portal
"In recent months, the Committee on Finance initiated a bipartisan effort to identify key questions that lie at the intersection of digital assets and tax law," the letter said. "The Internal Revenue Code of 1986, as amended (IRC), draws distinctions between types of property, with no straightforward classification for digital
Read More
Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it.In its recent court filing, Bittrex argues that the SEC does not possess the necessary authority to regulate
Read More
In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission (SEC), the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint.In a legal document filed on Thursday, June 29 with the U.S. District Court for the Southern District of New York, Coinbase
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On June 28, the European Commission unveiled its proposed legislative plan for a digital euro, with the intention of establishing it as a widely embraced and readily available payment method. The announcement emphasized the importance of enabling
Read More
Bankman-Fried appeared starstruck by a February 2022 party at Kives’ house where fellow guests included a former Presidential candidate, actors, reality TV stars, musicians and multiple billionaires. Within weeks, Bankman-Fried had signed a document promising to invest billions in Kives’ and Baum’s companies, with little details on what FTX would
Read More
FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants.The lawsuit filing named K5 Global –
Read More
President Macron said that France is accelerating developments in AI to bridge the gap with the US and shall invest much more in research and development. Artificial Intelligence has become the new battleground for the top global economies and France is among the latest to make a strong push in
Read More
Defunct crypto lender Celsius has revised its bankruptcy filing, awaiting approval from a bankruptcy court in New York after a successful acquisition deal with the Fahrenheit crypto consortium. The crypto lender filed its reorganization plan on June 15.Under the revised plan, Celsius will convert all altcoins from customers, with the exception
Read More
Ignoring a subpoena warrants a fine of $10,000 per day, the estate of his hedge fund argues Source
Read More
Attorneys for former FTX CEO Sam Bankman-Fried (also known as “SBF”) are seeking to sever or dismiss six charges from his upcoming trial, claiming that it may take years for courts in The Bahamas to rule on whether they will allow him to be tried for these offenses, according to a
Read More