Study Claims 99.5% of Crypto Investors Failed To Pay Their Taxes in 2022
As reported by Divly, they stated that 99.5% of crypto investors did not pay taxes in 2022. Governments worldwide are struggling to collect taxes from crypto investors despite the technology’s rapid growth.
Binance, Coinbase, Regulators… What’s Up?
Recently we’ve seen a lot of turbulence on the crypto market: collapses, litigations, insolvencies, layoffs… This might be a reason why SEC and CFTC have started to intensely pursue crypto firms, creating a challenging environment for the industry in the US. This article gives a short update on the recent events connected to the two major CEXs — Binance and Coinbase.
How Crypto Has Revolutionized the Ransomware Game
This is the first article in a series that examines the rise of ransomware, which is critical for crypto businesses to understand because they need to avoid processing associated transactions involving fraudulent addresses.
MetaMask Introduces More Payment Options for Buying Cryptocurrencies
MetaMask, a popular crypto wallet and decentralized application provider, has added a new feature that allows users to buy cryptocurrency with fiat directly from its Portfolio Dapp. The feature is available to users in 189 countries and payment methods vary by location, including debit or credit card, PayPal, Bank Transfer, or Instant ACH. After choosing the payment method, token, and network, users are shown quotes from different providers to choose from before being redirected to a third-party website to complete the transaction. MetaMask has announced several partnerships over the past year, including with PayPal and MoonPay, to make the onboarding process easier for users.
U.S. SEC Committee Urges ‘Aggressive Enforcement’ on Crypto, Says Most Token Are Securities
The US Securities and Exchange Commission's (SEC) Investor Advisory Committee has urged the agency to continue its aggressive enforcement on crypto players that offer unregistered securities. The committee clarified that it believes "virtually all" crypto tokens to be financial securities, upholding the view maintained by SEC Chair Gary Gensler where he asserts all cryptocurrencies, except for Bitcoin, are securities. The advisory committee recommended that the SEC oppose legislation that would make special exemptions to securities regulations for crypto assets. In February, the SEC fined crypto exchange Kraken $30 million for providing crypto staking services, which the agency believes to be an unregistered provision of securities.
What Are Crypto Whales and How Can You Spot Them?
Crypto whales are individuals or entities who hold large amounts of cryptocurrency, having amassed their substantial holdings through early investments, mining, or other means.
Why Does Price Slippage Happen While Trading?
Price slippage occurs when a market order is executed at a price that differs from the price specified in the order on the exchange. What causes it to happen? How does it work? Let’s figure it out together!
5 Most Prominent Trends in Cryptocurrencies For 2023
Whenever the markets get under stress both from bulls and bears, as it would be in 2023, we shall examine the five most important elements which would affect the Cryptocurrency realm.
Coinbase CEO Confirms Integration of Bitcoin Lightning Network
April 9 (Cointime) - Brian Armstrong, the CEO of Coinbase, confirmed in a recent tweet that the cryptocurrency exchange is planning to integrate the Lightning Network on its platform.
Former Coinone Executive Charged with Corruption Over Alleged Cryptocurrency Bribery Scheme
According to Korean media sources, the First Financial Investigation Department of the Namji Prosecutor's Office in Seoul, South Korea, has filed charges against Jeon, a former executive of the cryptocurrency exchange platform Coinone, on suspicion of corruption. The suspect is scheduled for a pre-arrest interrogation on the morning of April 10th.
