Crypto staking Jarretts again sue IRS over block reward taxes
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid. Go to Source
Month: October 2024
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry up to $10,000. This measure … Read more
Crypto ETF issuer Fidelity says breach leaked data of 77K customers
Fidelity said personal information was stolen in a recent data breach but stressed that its customer accounts weren’t affected. Go to Source
Feds want Bitfinex hacker ‘Razzlekhan’ jailed for 18 months
Prosecutors said Bitfinex hacker Heather Morgan should receive a lenient jail sentence as she provided “substantial assistance” to the government. Go to Source
London Man Denies Running Illegal Cryptocurrency ATMs
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal crypto ATM operators in the country. London Man Denies Running Illegal Cryptocurrency ATMs Habibur … Read more
Bitnomial sues SEC over claim that XRP is a security
The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it’s a security, Bitnomial said in a lawsuit. Go to Source
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations and reduce trade costs. Meanwhile, Russian Deputy Foreign Minister Sergey Ryabkov highlighted ongoing Western efforts … Read more
NFT holders sue art gallery alleging it broke metaverse promise
A group of NFT holders sued the creators of the collection, claiming they made no significant steps to fulfill promised perks and had no knowledge of blockchain. Go to Source
Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin Reclaims $60K After Market Dips: Traders Face $191M in Losses … Read more
FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive investors. FBI Seeks Victims in Major Cryptocurrency Fraud Investigation The Federal Bureau of Investigation (FBI)’s Boston Division is calling on … Read more