Recently, the IRS criminal investigation chief, Guy Ficco, shared alarming statistics with CNBC regarding the rise of tax crimes involving cryptocurrency. Ficco pointed out that there has been a noticeable increase in what he refers to as “pure crypto tax crimes” falling under Title 26 of the US Code, specifically federal income tax violations. These
Hannah Phung, a lead analyst at on-chain analytics platform SpotOnChain, recently shared her insights on the potential impact of Bitcoin Halving on the flagship cryptocurrency’s price. According to Phung, historical data suggests that Bitcoin’s price typically experiences significant increases approximately 6 to 12 months after the Halving event, rather than immediately. Past Halving events have
Cryptocurrency enthusiasts have been closely watching Bitcoin as it approaches the $70,000 threshold, showing signs of recovery after a recent dip. With the highly anticipated Bitcoin Halving event on the horizon, Rekt Capital, a prominent cryptocurrency analyst, has shared insights into three key stages of the event for investors to monitor. Before the actual halving
In recent times, there has been a noticeable shift among the ultra-wealthy elite towards investing in Bitcoin. These individuals, with assets worth millions and billions of dollars, are increasingly looking to enter the digital asset market. Barbara Goldstein, the Managing Partner at R360, an exclusive networking and investment club for the uber-rich, highlighted this trend
Recently, the price of Cardano (ADA) has been on a downward trend after reaching a peak of $0.808 on March 11. This decline has seen ADA drop by over 28% and settle below the $0.60 mark. Furthermore, Cardano has slipped to the 10th position among the largest cryptocurrencies in terms of market capitalization, underperforming compared
Sponge (SPONGE) is quickly gaining traction among investors who are seeking significant returns in the cryptocurrency market. As Shiba Inu (SHIB) experiences a consolidation phase, investors are turning their attention to Sponge as a potential opportunity for exponential growth. With a market cap that has fluctuated between $80 million and $160 million, Sponge presents itself
American author and financial educator Robert Kiyosaki recently expressed his support for a $2.3 million per Bitcoin prediction made by Cathie Wood’s asset management firm, Ark Invest. Kiyosaki stated that he trusts Wood’s opinion and believes that BTC has the potential to reach such a high value under the right circumstances. In February, Ark Invest
Dapper Labs, the company known for its popular NFT projects like NBA Top Shot and CryptoKitties, found itself in hot waters due to an investigation conducted by the U.S Securities and Exchange Commission (SEC). Despite the case being closed in September 2023, the details of the investigation still linger in the air, leaving many curious
The price of Bitcoin has once again risen bullishly, breaking through the $70,000 barrier and demonstrating strength for an upward movement. Crypto Jelle, a popular cryptocurrency expert and Bitcoin enthusiast, has made a bullish forecast for the crypto asset, citing the $82,000 level in the short term. Jelle highlighted that after a fakeout, Bitcoin retested
In a recent development, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury has commended crypto exchange Coinbase for its substantial contributions to major criminal investigations. This acknowledgment signifies the pivotal role played by Coinbase in aiding law enforcement efforts through its compliance and reporting practices. The acknowledgment from FinCEN comes
In the world of cryptocurrency, new trends and sensations emerge rapidly. One such sensation is Slothana, Solana’s latest meme coin that has taken the market by storm. With its unique 420-friendly token, Slothana has captured the attention of meme coin stans who are eagerly stacking up on $SLOTH ahead of Bitcoin’s halving and the international
The anticipated launch of spot Ethereum exchange-traded funds (ETFs) in the United States is facing challenges in securing regulatory approval from the Securities and Exchange Commission (SEC). Industry experts are expressing growing concerns about the lack of communication and feedback from the SEC, which is casting a shadow of doubt on the likelihood of approval.
The SuiPlay0x1 is a groundbreaking portable gaming device developed by Playtron in partnership with Mysten Labs. This innovative device is designed to disrupt the handheld gaming industry by offering a cost-effective, versatile operating system that caters to both traditional and blockchain games. One of the standout features of the SuiPlay0x1 is its seamless integration with
Cardano, better known as ADA in the cryptocurrency world, has been the subject of scrutiny by investors and analysts as its price continues to display a downward trend. Despite being praised for its advanced technology and strong community support, Cardano has failed to generate the same level of interest and demand as other blockchain platforms