Cryptocurrency tax evasion has become a major focus for the Internal Revenue Service (IRS), according to a report from the agency’s criminal investigations division. The report reveals that more than half of all investigations conducted in the previous fiscal year were related to tax matters. As a result, the IRS is ramping up efforts to
Cardano’s ADA has experienced an astonishing surge in value in recent months, with appreciation exceeding 120% since October 20. As we approach the end of December, ADA continues to reach new all-time highs. However, it’s not just the value of ADA that is on the rise; Cardano’s DeFi ecosystem is also flourishing. The total value
In a recent filing on December 8th, the U.S. Securities and Exchange Commission (SEC) made a significant move by asking the court to take judicial notice of newly unsealed documents pertaining to Binance and its former CEO, Changpeng Zhao. The SEC aims to utilize these plea agreements in its ongoing case against Binance as evidence,
The world of cryptocurrency is an ever-changing landscape, with different platforms vying for the top position. One cryptocurrency that has recently caught the attention of many analysts is Cardano (ADA). Analyst Ali Martinez is particularly optimistic about Cardano’s future and anticipates “new yearly highs” for the cryptocurrency. This optimism stems from Cardano’s recent accomplishments in
Cardano (ADA) has captured the attention of investors this year with remarkable price gains, surging by 137% from its starting point of $0.2464. As market participants ponder on ADA’s future trajectory, various predictions have emerged regarding its potential growth. This article will analyze Cardano’s current market position, evaluate expert forecasts, and discuss key factors that
The ascent of Ethereum continues with unwavering momentum, as recent patterns suggest that its growth is far from waning. Despite not being as advanced as some of its competitors, Ethereum stands out due to its vibrant developer community, widespread acceptance, and pivotal role in decentralized finance (DeFi) and other blockchain applications. Currently trading at $2,300,
Stablecoin issuing company Tether has recently announced a new security policy that aims to protect the crypto ecosystem from bad actors and enhance its cooperation with law enforcement agencies. With the implementation of this policy, Tether seeks to counter the transactions associated with Sanctioned Persons on the Office of Foreign Assets Control (OFAC) Specially Designated
The cryptocurrency sector has experienced significant advancements, but there is growing awareness among industry experts that exchanges, market makers, and custodians must operate as separate entities for businesses to succeed. This concept, commonly practiced in traditional finance, has often been overlooked in the cryptocurrency industry. It poses a major problem that the industry needs to
In a recent report, investment management firm VanEck has made bold predictions for the future of the cryptocurrency market. According to VanEck, Bitcoin is set to reach new record-breaking highs by the fourth quarter of 2024. This projection comes as a result of increased optimism regarding the dismantling of the SEC’s adversarial regulatory stance. If
The European Union (EU) has made a significant breakthrough in the regulation of artificial intelligence (AI). After three days of negotiations, the European Council and the European Parliament have reached a provisional agreement on what is expected to be the world’s first comprehensive regulation of AI. This achievement has been hailed as a historical milestone
