The U.S. Internal Revenue Service’s (IRS) latest ruling requiring decentralized exchanges (DEXs) to adhere to the same reporting standards as traditional brokers has drawn sharp criticism from crypto executives and legal experts. “No shortage of ways to challenge this, and…
Stephen Akridge, a co-founder of the prominent blockchain platform Solana, is embroiled in a legal battle with his ex-wife, Elisa Rossi, over allegations of misappropriating millions of dollars in Solana (SOL) token earnings. Rossi claims in a lawsuit filed in…
The crypto community has taken to social media to express its grievances after the U.S. Treasury and Internal Revenue Service (IRS) launched their updated DeFi tax reporting requirements on Friday. As part of the regulation, digital asset brokers will be…
The Ethereum (ETH) price is on the back foot on Friday, the final trading day of the year in traditional financial markets, and is threatening a break back below $3,300. ETH’s recent rejection of resistance at $3,500 in the form…
Montenegro confirmed on December 27 that it will extradite South Korean cryptocurrency entrepreneur Do Kwon to the United States (US). The decision concludes months of legal disputes between the U.S. and South Korea, both of which sought Kwon’s extradition in…
Sheila Warren, CEO of the Crypto Council for Innovation, had her X account hacked on Thursday, December 26, to promote the $SPELL token, the advocacy group confirmed in a social media statement. The now-deleted December 26 X post read, “I’m…
A South Korean court has jailed a celebrity pro golfer and the former head of the crypto exchange Bithumb for bribery and attempting to manipulate altcoin price levels. Per Hankyoreh, the former Bithumb CEO Lee Sang-jun was sentenced to two…
Solana (SOL) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month. With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in…
The governments of Japan and Russia have ruled out creating national Bitcoin (BTC) reserves in the near future. Both said they would prefer to see how other countries – such as the USA – develop Bitcoin reserves before taking action.…
Kyrgyzstan, a Central Asian country known for its crypto mining industry, has experienced a serious decline in mining tax revenue, with the government collecting 50% less in 2024 compared to the previous year, according to a local report. In its…