The integration of Credit Suisse (CS) into UBS is facing challenges in the Swiss market. Concerns among CS bankers have arisen as UBS aims to present a positive image of the integration. The Central Switzerland region, which stretches from the Bernese Oberland to Solothurn, has become a hotbed for bankers switching to competitors. In addition, […]
The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]
The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]
DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]
DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]
The city of Lugano in Switzerland has announced that it is now accepting Bitcoin and Tether (USDT) as payment options for taxes and other municipal services. This move is part of Lugano’s “Plan B,” a collaboration with Tether to integrate blockchain solutions into daily municipal operations. Lugano residents and businesses can use either currency to […]
The city of Lugano in Switzerland has announced that it is now accepting Bitcoin and Tether (USDT) as payment options for taxes and other municipal services. This move is part of Lugano’s “Plan B,” a collaboration with Tether to integrate blockchain solutions into daily municipal operations. Lugano residents and businesses can use either currency to […]
Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]
Cryptocurrency companies are increasing their lobbying spending in an effort to repair their reputations and advocate for favorable legislation, according to a Reuters report. Despite facing regulatory scrutiny and high-profile scandals, these companies are investing significant resources in engaging with policymakers and building a reasonable regulatory framework. In the first three quarters of 2023, cryptocurrency […]
Crypto exchange Coinbase has announced a new feature that allows users to send and receive USD Coin (USDC) through social media platforms and messaging apps. By sharing a link, recipients can access the funds and have them automatically deposited into their Coinbase Wallet. This eliminates the need for traditional money transfer methods and provides a […]
