On Friday, the Securities and Exchange Commission brought its latest lawsuit against the crypto industry, this time targeting Consensys, a blockchain firm focused on the Ethereum network best known for its MetaMask wallet product. Echoing similar complaints brought against other crypto firms, such as Coinbase and Kraken, the SEC is alleging Consensys violated federal securities
The 2014 collapse of Mt. Gox served as one of the first, big crypto scandals. Over 100,000 creditors of the digital asset exchange lost over $9.4 billion worth of bitcoin — and now, nearly 10 years later, the exchange announced that it is (finally) set to start repaying its creditors in bitcoin (BTC) and bitcoin
The cryptocurrency world is now witnessing a dynamic shift. After Bitcoin ETF approval, Ethereum ETFs are in the queue to embrace the world and have already started to make waves in the current cryptocurrency realm. Post the Ethereum ETF approval, several analysts have already started to bet on how the phenomenon will help several Ethereum-based
Bitcoin holders feeling dejected by the currency’s latest slump have found a new target to blame: national governments dumping large quantities on the market. They might have a point. In the last week alone, the U.S. government moved to sell 3,940 Bitcoins (worth around $240 million) seized from a narcotics trafficker in 2014, while the
The Treasury and the Internal Revenue Service issued final regulations Friday on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions. The reporting will need to be made on the soon-to-be released Form 1099-DA beginning with transactions on or after Jan. 1, 2025. The IRS
Happy Friday. It was nearly two years ago that we relaunched the Fortune Crypto newsletter, giving it a new name and switching to a daily format. And what a two years it has been. Our daily chronicles began with the final hurrah of an earlier crypto bubble, which turned into a slump and then a
She refused to give up her password, and was, according to the prosecutors’ description, so demoralized by the earlier hacking theft of the majority of her funds that she told the men to simply shoot her. Instead, they stole her engagement ring, two iPhones, a laptop, the charger for the neurostimulator used by the other
Stripe and Coinbase have partnered to expand the global adoption of cryptocurrency and provide faster, cheaper financial infrastructure. This collaboration aims to serve businesses and people around the world, Coinbase said in a Thursday (June 27) blog post. With this partnership, Stripe will add USDC on Base to its crypto payouts product, according to the
As of 2024, there are over 20,000 cryptocurrencies available, but Bitcoin is still the industry leader with its market capitalization—the total value of its tokens—of nearing $1.3 trillion. Although cryptocurrency is relatively new, more established tokens like Bitcoin can be appealing. In fact, a Pew Research Center poll found that 17% of U.S. adults
Bringing Crypto Trading Capabilities to Institutional Investors WAWEX has been granted Virtual Asset Service Provider (VASP) registration by the Polish Tax Administration Chamber of Poland in Katowice. The registration enables the company to provide crypto asset exchange and custody services in Poland. Warsaw, June 27, 2024 – WAWEX (Warsaw Exchange), a new digital asset platform