NewsRoom Articles - Page 43 of 180

FridaySep 01, 2023 11:15 am

The U.S. Treasury Announces New Cryptocurrency Tax-Reporting Requirements

A proposal set forth by the U.S. Treasury Department introduces a fresh regulation aimed at compelling crypto brokers to disclose information regarding users' digital asset exchanges and sales. The rule constitutes a component of efforts led by regulatory entities and Congress, all geared toward tightening the reins on cryptocurrency users who might potentially elude tax obligations. In line with this, a newly devised tax reporting document referred to as the 1099-DA Form has been conceived, with the primary objective of assisting taxpayers in ascertaining their tax accountabilities. The origin of these requirements can be traced back to the 2021 Jobs…

ThursdayAug 31, 2023 9:45 am

BREATHE! Convention 2023 – Connecting Ever-Expanding Possibilities

BREATHE!, a historic new tech event that focuses on the emerging technologies that continue to revolutionize the way businesses and communication are conducted worldwide, is proud to announce this year’s BREATHE! Convention. The event, scheduled for September 13-15, 2023, at The Expo @ World Market Center Las Vegas, provides a platform for exhibiting, networking, and speaking opportunities, for individuals and organizations within the emerging tech ecosystem. The event targets a diverse group of attendees, ranging from developers to investors, enthusiasts, and researchers, to discuss the latest developments and trends in emerging technologies while also exploring numerous collaborative and community-driven efforts.…

WednesdayAug 30, 2023 10:30 am

MasterCard to Pull Plug on Crypto Card Program with Binance

MasterCard and Binance are discontinuing their joint crypto-card initiatives in Bahrain, Argentina, Colombia and Brazil starting on Sept. 22, 2023. The Binance cards enabled users to make payments using conventional currencies, facilitated by their crypto reserves within the Binance exchange. While no explicit reason was provided for terminating the crypto-card partnership, it is widely speculated that Binance's recent clashes with the U.S. SEC and the Commodity Futures Trading Commission were contributing factors. Earlier this year, both regulatory bodies filed lawsuits against Binance, encompassing a variety of allegations, such as mingling user funds and operating without proper registration as a securities…

MondayAug 28, 2023 10:30 am

Lawyer Says Jailed Sam Bankman-Fried Is Surviving on Water, Bread

Sam Bankman-Fried’s attorney claims that Bankman-Fried is finding it difficult to prepare for his upcoming fraud trial because he is not getting enough meals in prison. This assertion was made concurrently with Bankman-Fried's not-guilty plea to seven felonies included in a fresh indictment. Bankman-Fried’s bail was canceled a fortnight ago, with the judge stating that there was reasonable suspicion that he had made at least two attempts to tamper with witnesses. According to Mark Cohen, the former billionaire's attorney, his client's capacity to prep for his October trial is being hampered by the inadequate meals provided by Brooklyn's Metropolitan Detention…

FridayAug 25, 2023 10:30 am

JPMorgan Report Shows Crypto Miners Are Diversifying Business Interests

Bitcoin mining companies are branching into fresh business domains, diversifying into high-performance computing services for the rapidly expanding artificial intelligence sector. The objective behind this shift is to decrease their dependence on the cryptocurrency market, according to a recent research report by JPMorgan. The analysis underscores that miners have been partially funding these novel endeavors by liquidating their digital coins over the past few quarters. Several entities engaged in Bitcoin mining have rebranded their identities to mirror this strategic diversification. An example is Riot Blockchain, which adopted the name Riot Platforms, and Hive Blockchain Technologies rechristened itself to Hive Digital…

WednesdayAug 23, 2023 10:30 am

Five Possible Reasons for the Recent Flash Drop in Bitcoin’s Price

On Aug. 18, 2023, at approximately 9:35 p.m. UTC, the value of Bitcoin experienced an abrupt drop of more than 8% within a mere 10-minute timeframe. This unexpected plunge had a domino effect on the broader cryptocurrency market, leaving those within the crypto community puzzled and perplexed. While the precise catalyst behind this sudden market turbulence remains elusive, a variety of theories have been put forth by crypto market analysts in their discussions with Cointelegraph. The influence of SpaceX Josh Gilbert, a market analyst from eToro, attributed the downturn to a report indicating that SpaceX might have sold off a…

MondayAug 21, 2023 12:00 pm

The SEC vs. Binance Battle Poised to Shape Crypto’s Future

Binance, a major player in the world of cryptocurrencies, is currently entangled in a significant legal battle against the Securities and Exchange Commission (SEC), which could have far-reaching implications for the entire crypto industry. The founder and CEO of Binance, Changpeng Zhao, also known as CZ, is at the forefront of this legal clash with the regulatory agency. The SEC has filed multiple charges against Binance, alleging that it misled investors and operated an unregistered and illegal cryptocurrency exchange. The charges are part of a broader crackdown on the crypto sector that gained momentum following the collapse of FTX, another…

FridayAug 18, 2023 10:30 am

UN Report Says Crypto Platforms Are Attractive Targets for North Korean Hackers

Independent monitors focused on sanctions have disclosed that cyber operatives affiliated with North Korea have persisted in targeting entities within the cryptocurrency sector. The information gleaned from their investigation is set to be incorporated into an upcoming United Nations report, shedding light on Pyongyang's relentless advancement of its nuclear and arms initiatives. The freshly compiled report, tailored for scrutiny by a U.N. Security Council panel, underscores that North Korea remained steadfast in its efforts to manufacture nuclear fissile material and forge ahead with its arsenal of nuclear weaponry during the year 2023. The authors of the report, who routinely furnish…

ThursdayAug 17, 2023 9:45 am

Emerging Tech Set to Hit Warp Speed at Las Vegas with the BREATHE! Convention, Presented by 5AM Global

The emerging tech universe has grown from an NFT-focused evolution of the Internet to an interconnected but decentralized system built on blockchain-based supply chain management and community-based ownership protocols, and this year’s BREATHE! Convention at The Expo @ World Market Center Las Vegas is the place to go exploring. Developers, collectors, investors and educators, will all gather at this convention to network and revolutionize tech-centric industries September 13 through 15, at one of the premier convention centers in the heart of Downtown Las Vegas, Nevada. Subject matter experts and educators at BREATHE! are not charged or paid to speak at…

WednesdayAug 16, 2023 10:30 am

Bankman-Fried Sent to Jail for Violating Bail Conditions

A U.S. magistrate has withdrawn Sam Bankman-Fried's release on bail after discovering credible evidence that the indicted FTX crypto exchange founder interfered with witnesses on at least two occasions. Judge Lewis Kaplan of the U.S. District Court made the verdict during a hearing on Bankman-Fried's bail conditions in the federal courthouse in Manhattan. The judge unequivocally denied a request from the defense to postpone Bankman-Fried's detention in light of the bail revocation. The ruling has the potential to introduce complexities to Bankman-Fried's trial preparations. Bankman-Fried stands accused of embezzling substantial sums from FTX customers to offset losses within his Alameda…