The European Union's new directive on crypto tax reporting will begin in January, requiring exchanges across the bloc to comply by July 1. This initiative, which operates alongside the Markets in Crypto-Assets (MiCA) regulation, enhances tax data sharing and includes the potential for asset seizure for non-compliance.
Read the full article: Crypto News
The FBI has arrested a former Olympic athlete accused of being a drug kingpin who allegedly used cryptocurrency to facilitate the movement of drug proceeds. The individual is charged with operating a large-scale drug trafficking operation, utilizing digital currencies to obscure financial transactions. Authorities believe the use of crypto allowed
A Bitwise executive has drawn parallels between the recent surge in silver prices and the potential for an altcoin season in the cryptocurrency market. The rise in silver, attributed to increased demand and macroeconomic factors, mirrors the conditions that could lead to a resurgence of altcoins as investors seek alternatives
The U.S. Securities and Exchange Commission (SEC) has dismissed a lawsuit against Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, regarding its Earn product. The lawsuit was initially filed by the SEC in January 2023, alleging that Gemini's Earn program constituted an unregistered securities offering. The
Bitcoin's price remains stable, showing little movement as it hovers around the $27,000 mark. In contrast, a specific gaming token has experienced a significant surge, skyrocketing in value and attracting investor attention. This divergence highlights the varying performance of cryptocurrencies, with some tokens outperforming Bitcoin despite its