Cryptocurrency

The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of tax violations, including those involving cryptocurrencies, according to a Friday report by Forbes.IRS Criminal Investigation...

Initia halted its layer-1 blockchain and rollups after blockchain sleuths reported an exploit that allowed an attacker to mint tokens without authorization and drain more than $2.6 million in crypto assets.The network was halted at 3:41 p.m. UTC on...

Update (Oct. 23, 6:27 pm UTC): This article has been updated to include a response from Tether.Senator Richard Blumenthal has requested information from Tether CEO Paolo Ardoino after a Wall Street Journal report said that the stablecoin issuer had...

The SEC’s latest priorities highlight tokenization as an emerging market risk, while cryptocurrencies remain absent as a standalone examination category. Source link

Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs.Key points:Bitcoin briefly dropped below $81,000 at the start of Friday’s US trading session as stocks drifted lower and...

Key TakeawaysPentagon personnel are prohibited from using classified or unclassified nonpublic information to trade on Polymarket, Kalshi and other financial platforms.The directive follows charges against a Special Forces soldier accused of profiting from bets on the U.S. operation to...

The market has grown from its roots in elections into sports, economic data and short-term price bets. Robinhood entered the business through a partnership with Kalshi, a federally regulated prediction market exchange, and has since made event contracts a...

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New York Attorney General Letitia James has asked a court to order defunct crypto and forex trading platform NovaTech’s founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion over its Ponzi scheme.The AG is seeking the...

Bitcoin (BTC) ranged below $82,000 into Friday’s Wall Street open as stock markets slid further on AI financing concerns.Key points:Bitcoin struggled to rebound after falling more than 3% on Thursday. It briefly dropped below $81,000.AI infrastructure spending remained a...