According to Guy Ficco, head of investigations at the US Internal Revenue Service (IRS), the agency anticipates an increase in instances of cryptocurrency tax evasion in the current tax year. At the Chainalysis Links event, Guy Ficco, head of criminal investigation at the US Internal Revenue Service (IRS), told CNBC that they anticipate discovering more … Read more
The price of Bitcoin immediately dropped below the $60,000 level as the halving approaches. Based on information from CoinMarketCap, Bitcoin’s (BTC) price has dropped by over 3% within the last 24 hours and is currently valued at around $59,800. The trading volume for cryptocurrencies has also decreased by approximately 12%, reaching roughly $40 billion. Traders … Read more
London, UK, April 17th, 2024, Chainwire In an innovative first for the industry, MetaWin and law firm BCLP have teamed up to convert a Tesla Cybertruck into a digital asset. By tokenizing the vehicle and securing it with a legally binding contract, they’ve created a Non-Fungible Token (NFT) that symbolizes complete ownership of The Cybertruck. … Read more
The top five Bitcoin mining firms aren’t offloading their Bitcoins, even though a significant reduction by half in the new Bitcoin supply is upcoming. Based on a Bitwise report from April 10, 2024, the leading five Bitcoin mining firms collectively offloaded approximately 2,000 Bitcoins – the smallest amount in the past two years. In the … Read more
Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong. Based on the Balchunas’ assessment, the man’s estimated assets amount to $1 billion during the initial two-year period. The ETF expert acknowledged this as a favorable sign yet emphasized that it falls significantly short of the $25 billion figure mentioned by … Read more