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
The world of cryptocurrency is constantly evolving, and one digital asset that has been gaining considerable attention is Cardano (ADA). With its recent achievements and developments in decentralized finance (defi), Cardano has proven its potential by securing a spot in the top 10 platforms by total value locked (TVL) and reaching a peak of $343
Cardano’s ADA has experienced an impressive surge in recent months, with a growth of over 120% since October 20. As the coin continues to reach new all-time highs, Cardano’s DeFi ecosystem is also thriving. Notably, Cardano’s total value locked (TVL) has exceeded $370 million, representing a remarkable 520% increase since the start of the year.
The U.S. Securities and Exchange Commission (SEC) has recently requested the court to take judicial note of newly unsealed documents regarding Binance, the popular cryptocurrency exchange, and its former CEO Changpeng Zhao. The regulatory watchdog claims that these documents, which detail Binance and Zhao’s plea deals with other agencies, provide substantial evidence supporting the SEC’s
Recent market trends indicate that Ethereum’s ascent is not losing momentum, and the price trajectory of the cryptocurrency remains resilient. While Ethereum may not be as technologically advanced as some of its competitors, it stands out due to its extensive developer community, broad acceptance, and crucial role in decentralized finance (DeFi) and other blockchain applications.
Cardano (ADA) has emerged as one of the top performers in the cryptocurrency market this year, with an impressive price gain of 137%. As investors search for the next big opportunity, speculations regarding ADA’s future price trajectory have become a topic of keen interest. In this article, we will analyze various predictions and factors that
The stablecoin issuing company, Tether, has recently announced a new security policy aimed at safeguarding the crypto ecosystem from malicious actors. Additionally, Tether seeks to strengthen its collaboration and relationship with law enforcement agencies. By introducing a voluntary wallet-freezing initiative, Tether aims to counter transactions associated with Sanctioned Persons on the Office of Foreign Assets
The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers, and custodians must act as separate entities in order for businesses to succeed. In traditional finance, it’s common to keep financial actors separated, but this concept has often gone overlooked within the cryptocurrency industry. The collapse of cryptocurrency exchange
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 European Union (EU) has made significant strides in regulating artificial intelligence (AI), solidifying its position as a global frontrunner. After three days of negotiations, the European Council and the European Parliament have reached a provisional agreement on what is set to become the world’s first comprehensive regulation of AI. This landmark agreement, known as
