The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Under this provision, individuals who receive over $10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. The new rule came into […]
Cyvers, a cybersecurity firm, has uncovered a malicious attack on RDNTCapital, a decentralized finance (DeFi) platform. The attack resulted in a loss of over $4.4 million for RDNTCapital. The attackers used sophisticated methods, executing multiple transactions and exploiting vulnerabilities in the platform.In response to the breach, RDNTCapital temporarily halted lending and borrowing markets on Arbitrum, […]
In a significant policy shift, Nigeria’s central bank has released updated guidelines for banks handling cryptocurrency accounts, signaling a change in the country’s stance towards digital assets. The move comes after the central bank recently lifted its ban on banks operating accounts for digital currency service providers, overturning a prohibition that had been in effect.Nigeria […]
Nigeria’s central bank has issued new guidelines for banks dealing with cryptocurrency accounts, signaling a shift in the country’s approach to digital assets. The guidelines, detailed on the central bank’s official website, impose strict rules on banks when it comes to dealing with cryptocurrencies. Banks are prohibited from holding or trading virtual assets on behalf […]
Crypto exchange OKX has announced that it will implement new requirements to comply with the rules set by the UK Financial Conduct Authority (FCA). Starting from January 8, users in the UK will be required to complete two questionnaires. The first questionnaire will assess users’ awareness of crypto investment risks and classify their investor profiles. […]
Radiant Capital, a decentralized finance (DeFi) lending protocol, has temporarily halted its operations on the Ethereum layer2 network Arbitrum after suffering an exploit that resulted in the loss of 1,900 ETH, equivalent to $4.5 million. The protocol received a report of an issue with its newly created native USDC market on Arbitrum, prompting the Radiant […]
The Securities and Exchange Commission (SEC) is taking action on the numerous applications for Bitcoin exchange-traded funds (ETFs) that have been submitted. Crypto firms have been given a deadline to make any necessary changes to their applications, indicating that the SEC is preparing to make a decision.In the world of Bitcoin, Indonesian police have shut […]
The XRP community is closely watching the ongoing legal case between Ripple and the SEC, especially after a recent ruling that declared Terra Luna as a security. XRP lawyer John Deaton has provided some insights into the differences between the two cases. While the Terra case had a significant impact on the crypto landscape, the […]
Artificial intelligence (AI) could potentially play a role in Bitcoin’s price reaching $100,000 in 2024, according to GPT-4, the latest version of AI chatbot ChatGPT. While this remains highly speculative, the AI chatbot suggests that a series of favorable conditions would need to align for this scenario to occur.Some factors that could contribute to Bitcoin […]
