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Bitcoin
7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule
Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted…
Coinbase Executive Urges Congress to Pass ‘Sensible’ Crypto Legislation Swiftly as Middle East…
Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. “We need this industry…
US Grocery Chain Trader Joe’s Sues Decentralized Exchange Trader Joe for Trademark Infringement
Grocery chain Trader Joe’s filed a lawsuit this month against the decentralized exchange (dex) platform Trader Joe for trademark infringement. The suit, filed in federal court in Los Angeles, alleges that Trader Joe illegally copied the…
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.
It ‘Felt Good’ to Come Clean — Caroline Ellison Reveals Intricacies of FTX Operations in Court…
In a recent courtroom showdown, Caroline Ellison, the former CEO of Alameda Research, provided key insights into the operations of FTX and its alleged improprieties. Her revelations, documented by Inner City Press correspondent Matthew…
Brazil Committee Recommends Indicting Binance Officials, CZ
A congressional committee in Brazil has concluded that four Binance officials, among them company CEO Changpeng Zhao (CZ), should be indicted. The suggestion follows a probe targeting crypto platforms suspected of operating pyramid schemes…
Elliptic: FTX Hacker Laundered Stolen Crypto Funds Through Russian Crime Networks
Close to a year has passed, and the hacker responsible for the staggering $477 million heist from the now-defunct crypto exchange FTX still remains elusive. Yet, Elliptic, a leading blockchain analytics firm, has meticulously mapped the…
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3%…
Biggest Movers: XRP Losing Streak Extended to a 6th Day
XRP has been one of the week’s most notable movers, with price moving lower for six straight days. The latest decline comes as the global cryptocurrency market cap fell by over 1% in today’s session. Solana also slipped,…
Hardware Wallet Firm Trezor Rolls Out New Safe 3 Model, Metal Seed Backup
Trezor, a leading hardware wallet manufacturing company, unveiled three new products on Thursday aimed at both novice and experienced cryptocurrency users who want to securely self-custody their digital assets. The Prague-based firm…