News BTS
The Russian government has approved a decree banning cryptocurrency mining in 10 regions from January 1, 2025, until March 15, 2031, according to a report by TASS. The decision aims to address energy concerns and includes seasonal restrictions in key mining…
The US Federal Bureau of Investigation (FBI) and Japan’s National Police Agency, noted that a North Korean hacking group, TraderTraitor, orchestrated the infamous Japanese exchange DMM Bitcoin hack. In May, the exchange lost 4,502.9 Bitcoin, comprising 48.2 billion yen ($305 million)…
Canadian firm Matador Technologies Inc. (TSXV: MATA) has announced a bold step to strengthen its corporate treasury by investing $4.5 million in Bitcoin. The Toronto Stock Exchange listed firm said it will transition the majority of its cash reserves from Canadian…
MicroStrategy, the largest corporate holder of Bitcoin, has added another 5,262 BTC to its reserves, spending $561 million at an average price of $106,662 per Bitcoin. In a Monday post on X, MicroStrategy co-founder Michael Saylor said that the latest purchase…
Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring nearly 620 BTC as the cryptocurrency trades below $100,000. On December 23, the company announced the $60 million acquisition of 619.7 BTC at an average price of approximately…
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 it…
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 San…
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. U.S. Treasury, IRS Announce DeFi Tax Requirements As part of the…
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 of…
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 connection…
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. Sheila Warren Hacked to Promote $SPELL Token The now-deleted…
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 years…