Tag: government

Reporting cryptocurrency when filing taxes can help investors offset their losses. 2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022. Detrimental losses such as these are often concerning for crypto investors, yet there may be a silver…

TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts. Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed…

Commercial lawyers with a solid knowledge of blockchain and crypto tech will be in particularly high demand. Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly as the industry braces for regulatory turbulence following the implosion of FTX, two legal academics believe. Boston Law School professor and chief compliance officer at crypto exchange…

Members of Crypto Twitter were quick to mock Tucker Carlson, who provided no supporting evidence to back his claims. Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price. He suggested the computer…

The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary? In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin. As the second country globally to recognize Bitcoin in such a…

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.   The latest US infrastructure bill introduces the broadest possible characterization…