The US Department of the Treasury and Internal Revenue Service (IRS) have recently unveiled proposed regulations aimed at strengthening tax reporting on digital assets. These regulations are intended to crack down on tax evasion while helping law-abiding taxpayers determine the amount they owe. However, these proposals have raised concerns among cryptocurrency advocates and decentralized exchanges
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The recent ruling from Judge Analisa Torres declaring XRP programmatic sales as non-securities sparked a temporary rally in the token’s price. However, as the euphoria fades and the United States Securities and Exchange Commission (SEC) fights back, the price of XRP is once again correcting downward. This correction has prompted massive sell-offs of the token,
Binance, one of the largest cryptocurrency exchanges, has faced criticism recently for its handling of sanctioned Russian banks on its peer-to-peer (P2P) trading service. The company has now taken action by removing five banks from its platform. Binance claims to prioritize compliance with local and global regulatory standards, and it promptly addresses and remediates any
In the past 24 hours, the XRP price has experienced a 1% decrease. However, the recently introduced stake-to-earn XRP20 coin has the potential to explode in value after a 5% burn event, which is set to take place today. This exciting development suggests that there may be significant gains in store for XRP20 during the
Binance, one of the world’s leading cryptocurrency exchanges, recently confirmed its engagement with several low-liquidity tokens. The exchange reached out to these projects as part of its ongoing risk management initiative to ensure that the digital assets on its platform meet high standards of liquidity and safety. This article will delve into Binance’s approach, the
Magnate Finance on Base has recently taken its website offline and deleted its Telegram group, raising suspicions of yet another exit scam. This move has left investors worried about the safety of their funds, as Magnate Finance is known to have connections with other financial exit scams. Blockchain analyst ZachXBT has cautioned about the likelihood
In a significant development for the cryptocurrency industry in Hong Kong, HashKey, the first licensed virtual asset provider in the region, is set to open its doors for retail trading on August 28th. However, there are certain restrictions in place to ensure investor protection. According to local news reports, individuals will only be allowed to
The future of Shiba Inu (SHIB) token holders could be incredibly promising, at least according to a new forecast from ChatGPT. The artificial intelligence model predicts that SHIB has the potential to hit $1 per token within the next 5-10 years, which would signify gains of approximately 125,000 times for current SHIB holders. However, this
The recent downtrend in the crypto market has taken its toll on Solana’s native token, SOL. The past few days saw heavy losses for the coin as it struggled to maintain its value. However, a glimmer of hope emerged yesterday as the token’s price chart showed the formation of a green candlestick after a prolonged
Binance, one of the largest cryptocurrency exchanges in the world, has reportedly renamed sanctioned Russian banks on its peer-to-peer (P2P) platform. This move allows these banks, including Sber and Tinkoff, to continue their operations, despite the strict Western sanctions imposed on the Russian financial system. According to local media RBC-Crypto, Binance changed the names of