Author: Bitcoin.com
A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years […] Read the full article here
Swift has unveiled a plan to enable the movement of digital assets and currencies on its global payment network. The initiative aims to integrate regulated digital currencies into Swift’s platform, building on past experiments. “We’re paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and […] Read the full article here
Robert Kiyosaki, author of Rich Dad Poor Dad, has criticized the debate over whether bitcoin or gold is better. He stressed that the only facts that matter are how much gold and bitcoin you own, pointing to the $35 trillion U.S. debt as the real issue. Cautioning that the bond market is crashing, Kiyosaki opined: […] Read the full article here
Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the […] Read the full article here
Kenyan President William Ruto announced measures to prevent artificial intelligence (AI) from spreading disinformation, alongside the launch of the Fifth National Action Plan on Open Government Partnership. The initiative aims to foster international cooperation for ethical AI use. This comes after AI-fueled social unrest incidents in 2021 and 2023, and mass protests earlier this year. […] Read the full article here
In the interview, Rey Fernando Verboonen, co-founder and CEO of Curioinvest, recounted his journey from speculator to builder in the digital asset space. We covered the tokenization of real-world assets (RWAs) using blockchain, the importance of regulatory compliance, and his optimistic vision for blockchain’s societal impact. Pioneering the Future: How Curio Invest Is Bringing Real-World […] Read the full article here
China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review of the money laundering law draft revision, which will establish additional requirements for monitoring tech-related new money laundering risks. China to Address Crypto Money […] Read the full article here
Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance of responsibility for her actions. Caroline Ellison’s Lawyers Push for No Jail Time in FTX Fraud Case In […] Read the full article here
Meta announced it will resume training its artificial intelligence (AI) models using U.K. adult user data to better reflect British culture. This follows a delay due to privacy concerns. Despite initial opposition, Meta has now engaged with U.K. regulators and is nearing the launch of its AI products in the U.K. The company clarified that […] Read the full article here
PRESS RELEASE. Web3 technology is leading a global technological revolution, propelling the internet industry into a new era of profound transformation and reconstruction. In this digital revolution, innovation is not only the driving force for the development of the Web3 industry, but also a crucial strategy for its future layout. In response to this trend, […] Read the full article here