When you think about it, Proton has always been a crypto company — cryptography, not cryptocurrency. But the Switzerland-based company, better known for its secure email, VPN and storage services, is now launching its first cryptocurrency product. It’s a crypto wallet called Proton Wallet that’s designed to make it easier to get started with bitcoin.
The IRS has released final regulations on reporting requirements focused on sales, exchanges, transfers, and payment processing involving digital assets. Getty Earlier this summer, the U.S. Department of the Treasury and the IRS released final regulations on reporting requirements for sales, exchanges, transfers, and payment processing involving digital assets. Supplemental transitional relief and guidance were
Sydney Sweeney’s phone number was reportedly hacked the same day she was a victim of a cryptocurrency scam. According to tech website 404 Media, the Verizon Wireless phone number belonging to the “Euphoria” star, 26, was hijacked on July 2. That same day, Sweeney’s X (formerly known as Twitter) account was compromised and promoted a
Solana has recently captured the attention of market participants with a remarkable surge to $175, stunning investors and analysts alike. Solana is currently up 40% from its lowest point of $123 this month. The cryptocurrency’s strong upward momentum has reignited optimism among traders and investors, who are now eagerly anticipating a potential breakthrough above the
In the past few years, there has been a gradual positive shift in the right direction. The government has provided clarity on taxation, and crypto exchanges are now reported entities under the Prevention of Money Laundering Act (PMLA). However, the tax rate remains high, which is negatively impacting the growth of the ecosystem. This situation
Bitcoin surpassed $67,000 for the first time in more than a month, reviving speculation that the largest cryptocurrency may soon make another run at record highs amid optimism that a second Trump presidency will be beneficial for digital assets. How did Bitcoin’s surge compare to its peers? Republican presidential nominee and former US President Donald
WazirX, one of the country’s major cryptocurrency firms, suffered one of the biggest cyberattacks on an Indian exchange after hackers allegedly stole more than $230 million of users’ holdings, which was nearly half of the platform’s reserves. The incident highlights the security challenges that cryptocurrency exchanges face, and how they have become a target for
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $65,000 mark early Friday. The WazirX wallet breach of over $230 million sent a wave of concern among investors, leading to a dip in prices for nearly all coins on Indian platforms. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | Reuters Former President Donald Trump will headline a campaign fundraiser in Nashville on the sidelines of the Bitcoin Conference, where the top ticket is going for $844,600 per person. According to an
Indian cryptocurrency exchange WazirX said Thursday (July 18) that it lost more than $230 million in a cyberattack. “This is a force majeure event beyond our control, but we are leaving no stone unturned to locate and recover the funds,” the company said in a preliminary report posted on its website. “We have already blocked