ZachXBT Sounds Alarm on Scammers Associated with DeFi Protocol
This group of scammers has been associated with numerous rug pulls, including projects like Magnate, Kokomo, Solfire, and Lendora.
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01/08/2024 22:36
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IRS Anticipates Surge in Crypto Tax Crime Cases
IRS expects a surge in crypto tax crime cases amidst the tax filing deadline. Collaborations with firms like Chainalysis aim to bolster enforcement efforts. Taxpayers are urged to comply with reporting requirements to avoid legal repercussions.
AlexCoinbase Seeks Interim Appeal in SEC Legal Battle
Coinbase files for an interim appeal in its legal battle with the SEC, aiming to challenge the regulator's classification of digital asset transactions as investment contracts. If successful, this move could have significant implications for the U.S. crypto sector.
MiyukiJapan’s Liberal Democratic Party Urges Immediate Crypto Tax Reforms
Japan's crypto traders may soon see significant tax reforms, as the LDP moves forward with its plans to support the crypto industry and embrace the web3 revolution.
WeiliangCoinbase Fights Back: Interlocutory Appeal Against SEC
The crypto exchange is pursuing an appeal following a recent court decision that denied its motion to dismiss, specifically targeting the SEC's authority to classify secondary trades as investment contracts.
CatherineJapan’s Ruling Party Pushes for Urgent Crypto Tax Reform
Japan's Liberal Democratic Party is pushing for urgent crypto tax reforms, aiming to separate profits and losses from crypto transactions for fairer taxation. Prime Minister Kishida's support for web3 technologies adds momentum to the reform, suggesting a positive shift towards embracing blockchain innovations in Japan's regulatory landscape.
AnaisHollywood Union Secures Agreement with Music Giants to Limit AI Utilisation
The proposed agreement with record labels stipulates that prior consent and fair compensation must be obtained before releasing songs utilising digital replicas of artists' voices.
KikyoBitcoin Halving to Impact Crypto Mining Industry with $10 Billion Revenue Decline
Bitcoin's upcoming halving will slash miner rewards, potentially causing a $10 billion annual revenue drop. Miners face increasing competition for power and must innovate to survive.
WeatherlyHong Kong Greenlights First Bitcoin and Ether ETFs
Hong Kong's approval of bitcoin and ether ETFs signals its growing role in cryptocurrency innovation, contrasting with China's stricter stance. While this move promises investment opportunities and financial growth, it also poses risks due to cryptocurrency volatility and regulatory uncertainties.
AnaisBitcoin miners might sell off approximately $5 billion worth of BTC following the halving event.
Analysts anticipate a significant liquidation of Bitcoin by miners following the halving, potentially leading to a reversal in the supply/demand balance, according to recent market assessments.
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