Understanding Sam Bankman-Fried Conviction and Its Impact on Tax Implications. On November 2, 2023, Sam Bankman-Fried (SBF) faced a conviction on all counts in his criminal trial in the Southern District of New York. The charges included wire fraud, securities…
Australian Regulator’s Cryptocurrency Warning and Increased Vigilance
The Australian Securities and Investments Commission (ASIC) recently heightened its scrutiny of the cryptocurrency market, issuing fresh warnings regarding the risks associated with digital assets. The regulator’s chair, Joseph Longo, cautioned against investing in cryptocurrencies, labeling them as assets “created…
European Banking Authority Pushes for Stricter Anti-Money Laundering Rules in Crypto Sector
The European Banking Authority (EBA) has set its sights on revamping the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) rules for cryptocurrency providers. The motive behind this initiative, outlined in a consultation paper revealed on November 24. To…
Brian Kelly’s Vision: Navigating Crypto’s Bull Run and Insights into Bitcoin’s Future
Brian Kelly, founder and CEO of BKCM LLC, is an important figure in the world of virtual currencies. Kelly’s journey into Bitcoin began in 2013. Initially drawn by the allure of quick gains. He was later opportune to learn the…
Strike Collaborates with Checkout.com to Facilitate Global Bitcoin Purchases
Bitcoin (BTC) has taken another leap towards accessibility and global integration with Strike, a leading Bitcoin wallet and payment platform, announcing a strategic partnership with Checkout.com. This collaboration aims to promote the purchase of Bitcoin via debit cards across more…
Republican Presidential Candidate Vivek Ramaswamy Reveals Crypto Policy Framework
Republican presidential candidate Vivek Ramaswamy has outlined a comprehensive and visionary crypto policy framework titled the “Three Freedoms of Crypto.” Becoming the first GOP contender to include crypto in a campaign platform Ramaswamy, a former biotech executive and a political…
Kevin O’Leary’s Analysis on Economic Impact and Cryptocurrency
O’Leary’s Insights into the Rising Interest Rates: Investor Kevin O’Leary, and business personality recently addressed the impact of escalating borrowing costs. He highlighted the ramifications of rating agencies signaling a downgrade in the country’s debt quality, affecting bond investors worldwide.…
Bitcoin Theft of $588K Due to Fake Ledger Live App in Microsoft App Store
Ledger Live is an application designed for users of Ledger hardware wallets, allowing them to manage and securely store their cryptocurrencies offline. However, a deceptive duplicate, named “Ledger Live Web3,” surfaced on Microsoft’s app store, leading to huge theft of…
FTX Bankruptcy Team Pursues $1 Billion Lawsuit Against Bybit – Unraveling the Legal Battle
In a legal move, FTX’s bankruptcy advisers have taken Bybit Fintech and its affiliates to court, seeking the recovery of approximately $953 million in cash and digital assets. The lawsuit, filed in a Delaware court, revolves around allegations that Bybit’s…
Bitcoin – Argentina Proposes Draft Legislation for Crypto Regulation
Bitcoin Argentina, a non-government organization dedicated to promoting crypto, recently unveiled a draft bill during the LABITCONF 2023 event in Buenos Aires, Argentina. The proposed legislation aims to regulate the cryptocurrency market, striking a balance between decentralization and the enhancement…