Crypto News
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Not long after blockchain company Ripple announced that it would launch its own stablecoin, pitting it against the likes of Tether (USDT) and Circle, the issuer of USD Coin (USDC), the Tether team made a snarky comment suggesting its competitor had been unsuccessful in its stablecoin endeavors so far. As it happens, Ripple CEO Brad Garlinghouse earlier told ...
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Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing will land him in prison for an extended sentence. In November, Zhao pleaded guilty to enabling money laundering at Binance. As part of his plea deal with the Department of Justice, Zhao agreed ...
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On Saturday, January 3, 2009, Bitcoin was born. With the creation of the very first Bitcoin block—known as the 'Genesis Block'—the first set of 50 BTC was mined into existence. This genesis block is considered the start of the Bitcoin blockchain—and the beginning of the cryptocurrency revolution. Many would argue that the day it was minted represents ...
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Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world’s most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally ...
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Bitcoin fell for a third day on Wednesday, having posted its worst monthly performance in April since late 2022, ahead of an interest rate decision by the Federal Reserve later and key U.S. labour market data. The value of the world's most traded cryptocurrency fell by nearly 16 per cent in April, as investors booked profits on a sizzling rally that has ...
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post: Roger Ver Charged With Mail Fraud, Tax Evasion, And Filing False Tax Returns, Wanted For Extradition To the United States: U.S. Department of JusticeEarly Bitcoin Investor Charged with Tax Fraud An indictment was unsealed yesterday charging Roger Ver, an early investor in bitcoins, with mail fraud, tax evasion and filing false tax returns. Ver was arrested this weekend in Spain based on the U.S. criminal charges. The United States will seek Ver’s extradition to stand trial in the United States. According to the indictment, Ver formerly of Santa Clara, California, owned MemoryDealers.com Inc. and Agilestar.com Inc., two companies that sold computer and networking equipment. Starting in 2011, Ver allegedly began acquiring bitcoins for himself and his companies. He also allegedly avidly promoted bitcoins, even obtaining the moniker “Bitcoin Jesus.” On Feb. 4, 2014, Ver allegedly obtained citizenship in St. Kitts and Nevis and shortly thereafter renounced his U.S. citizenship in a process known as expatriation. As a result of his expatriation, Ver allegedly was required under U.S. law to file tax returns that reported capital gains from the constructive sale of his world-wide assets, including the bitcoins, and to report the fair market value of his assets. He was also allegedly required to pay a tax – referred to as an “exit tax” – on those capital gains. By Feb. 4, 2014, Ver and his companies allegedly owned approximately 131,000 bitcoins that traded on several large exchanges for around $871 each. MemoryDealers and Agilestar allegedly held approximately 73,000 of those bitcoins. Ver allegedly hired a law firm to assist him with his expatriation and to prepare his expatriation-related tax returns. Ver also allegedly hired an appraiser to value his two comp
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After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big ...
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Treasury Secretary Janet Yellen will use a speech to the McCain Institute in Arizona on Friday to deliver a clear warning about the economic dangers presented by Jan. 6-style ...
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Recent months have seen growing scrutiny on China’s trade policies. The US and various European Union governments have accused Chinese producers of attempting to address its ...
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Private sector employment increased by 192,000 jobs in April and annual pay was up 5.0 percent year-over-year, according to the April ADP® National Employment Report™ produced by ...
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video Following the April 13 decline in Bitcoin, it has been consolidating and testing resistance of the orange 50-Day MA and purple 20-Day MAs. It did so again today, Tuesday, with a high of 64,728 before sellers took back control and dropped it sharply. Prior support around 59,573 looks to be the next target, followed by a test of support at the lower ...
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Bitcoin price has declined by more than 8% in a week and 12% over the last 30 days after setting a new record high of around $73,835 on March 14. Data from Cointelegraph Markets Pro and TradingView shows that the BTC price fell from a high of $64,727 on April 30, dropping 6.5% to reach an intraday low of $60,505. chart Bitcoin’s price drop coincides with ...
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As the spot bitcoin exchange-traded fund hype died down alongside the price of the cryptocurrency, the new U.S. ETFs saw $343.5 million worth of net outflows in April, ending their three-month inflow streak. The ETFs had been on an impressive run of inflows, attracting $1.5 billion, $6 billion and $4.6 billion of demand in January, February and March, ...