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Ignoring your tax obligations when it comes to cryptocurrency can lead to some serious repercussions. It’s not just a minor oversight; skipping out on crypto taxes could land you in hot water with hefty fines and potential legal troubles. First things first, every time you sell, trade, or even
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On October 22, Nevada regulators made the tough decision to shut down Fortress Trust due to insolvency issues. This custodian found itself in a precarious position, holding only around $200,000 in cash while being burdened by $8 million owed in fiat and an additional $4 million in cryptocurrency. This
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Exciting news from Japan as the nation has officially launched its first yen-backed stablecoin, known as JPYC. This marks a significant milestone in the world of cryptocurrency, especially for those who have been following the evolution of digital currencies. Noriyoshi Okabe, the president of JPYC, shared that the stablecoin has
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In a surprising turn of events, Argentina's La Libertad Avanza party, under the dynamic leadership of President Javier Milei, has emerged victorious in the recent midterm elections. This win not only solidifies Milei's position but also sets the stage for what many believe could be a
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In an exciting development for cryptocurrency enthusiasts, South Korea’s Bitplanet has kicked off its ambitious Bitcoin accumulation strategy. On October 26, the publicly listed company made headlines by acquiring 93 BTC, laying the groundwork for a future treasury that aims to hold an impressive 10,000 BTC. This strategic
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Imagine if artificial intelligence had been around during the tumultuous days of Mt. Gox. The infamous cryptocurrency exchange faced a catastrophic collapse that resulted in the loss of millions. Now, the former CEO of Mt. Gox is exploring this intriguing question: could AI have identified the security flaws that led
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In the ever-evolving world of cryptocurrency, Kraken is making waves, and it’s not just about their impressive financials. The exchange recently reported a staggering $648 million in revenue during the third quarter, reflecting a significant leap of 114% from the previous year. This remarkable performance highlights not only the
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In a shocking turn of events, the Ayandeh Bank in Iran has officially gone under, leaving a staggering 42 million customers in a lurch. This downfall comes after the bank racked up around $8 billion in losses and debts, a situation that ultimately led to its dissolution. When a bank
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Exciting news in the world of finance! Western Union, a giant in the money transfer sector, is looking to embrace the power of stablecoins for international transactions. The CEO of the company recently highlighted the "significant opportunities" that these digital currencies present for moving funds across borders. This
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In the wake of a monumental wave of liquidations in the cryptocurrency market, optimism is on the rise. Tom Lee, the chair of Bitmine Immersion Technologies, believes that we might be witnessing the end of this challenging chapter. More than ever, AI is stepping into the spotlight to help traders
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Curious about the latest buzz in the world of cryptocurrency? You’ve landed in the right place! Let’s dive into the highlights that have shaped the market today, covering everything from Bitcoin's price movements to the latest developments in blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs)
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When it comes to predicting Bitcoin prices, not all models are created equal. André Dragosch, an investment analyst from Bitwise, recently shared some insights that might make you pause before relying too heavily on the stock-to-flow model. The stock-to-flow model, which has gained popularity among Bitcoin enthusiasts, suggests a relationship