Tax evasion has become a significant area of focus in cryptocurrency investigations, according to a report from the Internal Revenue Service (IRS) criminal investigations division. In the previous fiscal year alone, more than half of all probes conducted were related to tax matters. This represents a shift from three years ago when money laundering dominated
Crypto
In a recent report, investment management firm VanEck has made some bold predictions for the year 2024. According to VanEck, not only will Bitcoin reach new all-time highs, but the NFT market will also experience a peak, marking a significant transformation in the industry. VanEck predicts that Bitcoin will hit an all-time high in the
The United States is currently in advanced stages of discussing the launch of spot Bitcoin exchange-traded funds (ETFs), according to unnamed sources cited by Reuters. The U.S. Securities and Exchange Commission (SEC) has reportedly started asking potential issuers of spot Bitcoin ETFs detailed and technical questions about their products. This move indicates that the regulator
The cost of buying Bitcoin (BTC) has surged to record highs, and at the same time, the cost of moving it has also reached unprecedented levels. On-chain data reveals that the price for Bitcoin block space has touched an all-time high in BTC terms, primarily driven by the immense demand created by Ordinals transactions. Bitcoin
Bitcoin (BTC) has recently surged back to $44,000, reaching a value it had not seen in 19 months. This significant milestone indicates a shift in the crypto market dynamics, painting a much more bullish outlook. On-chain analysis reveals that the current state of the market is vastly different from previous instances when Bitcoin reached this
In the ever-evolving world of cryptocurrency, the behavior and actions of whales, significant holders in the market, play a crucial role in shaping market sentiment and direction. Recently, Ki Young Ju, the co-founder and CEO of CryptoQuant, provided intriguing insights into the preparations of whales for market growth towards the end of 2023. This article
Itau Unibanco, the largest bank in Brazil, has made its foray into the cryptocurrency exchange market by introducing a new trading service for its investment platform clients. The launch of this service allows users to trade the most popular cryptocurrencies, Bitcoin and Ether. This move signifies a significant step forward for Itau Unibanco, as it
In a move that showcases the increasing integration of Bitcoin miners in the AI sector, German data center and Bitcoin mining operator, Northern Data, has invested an additional $360 million in GPUs to strengthen its cloud computing services. This strategic investment allows industry firms to leverage existing infrastructure and economies of scale. Northern Data’s AI-focused
A recent study conducted by the Ontario Securities Commission (OSC) and Ipsos revealed a decline in Canadians’ interest and enthusiasm for cryptocurrency investment compared to the previous year. The “Crypto Assets Survey 2023” conducted in late May included 2,360 Canadians representing a proportional cross-section of the population. The survey results indicate a prevailing skepticism towards
The ownership of Bitcoin has long been a subject of debate and speculation. Many believe that the majority of Bitcoin is held by a select few individuals, but a recent report from Grayscale Investments paints a different picture. According to the report, 74% of Bitcoin addresses hold less than 0.01 BTC, equivalent to approximately $380.
