Disgraced cryptocurrency entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison Thursday for masterminding a multibillion-dollar fraud scheme. Earlier in March, prosecutors recommended a sentence of 40-50 years, less than half the possible maximum for his sentences. They argued that this would be “commensurate with the extraordinary dimensions of his crimes” committed in his … Read more
With the staggering rise and fall of some cryptocurrencies such as Bitcoin and Ethereum, crypto traders may have serious tax questions on their minds. The Internal Revenue Service (IRS) is stepping up enforcement efforts, and even those holding the currency — let alone trading it — must make sure they don’t run afoul of the … Read more
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, fell below the $70,000 mark early Thursday. Other popular altcoins – including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC) – saw a mix of small gains and declines across the board. The Mantle token (MNT) became the biggest gainer … Read more
Sam Bankman-Fried’s upcoming sentencing hearing, scheduled for March 28, could be affected by a “significant spike” in the value of bitcoin, the Financial Times reported. Scheduled to take place in the Southern District of New York before Judge Louis Kaplan, the hearing could potentially be influenced by recent developments surrounding cryptocurrency. Bankman-Fried’s lawyers took advantage … Read more
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable in the $70,000 range on Wednesday. The London Stock Exchange’s friendly stance toward Bitcoin and Ethereum exchange-traded notes (ETNs) and their upcoming March 28 market launch is widely believed to have driven the recent rally. Other popular altcoins – including Ethereum (ETH), … Read more
Key findings The Securities and Exchange Commission (SEC) is reportedly building a case to classify Ether as a security. Bitcoin rebounded on Monday, passing $70,000 for the first time in five days. Last Tuesday, Bitcoin suffered its biggest one-day drop in price since the collapse of crypto exchange FTX. BlackRock is launching a tokenized fund … Read more
Authorities in Nigeria have charged Binance and the two detained executives with four counts of tax evasion, multiple local media reported today (Monday). The charges were brought after reports that one of the detained executives had escaped. The Federal Inland Revenue Service of Nigeria has already filed tax evasion charges at the Federal High Court … Read more
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $67,000 mark on Monday, trying to resume its rally and try to reach another all-time high. Other popular altcoins – including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL) and Litecoin (LTC) – landed in the green as … Read more
Next article Bitcoin has a market cap of $1.2 trillion What is the story Bitcoin is up 4.82% in the last 24 hours to trade at $67,412.79. Compared to last week, it has decreased by 1.79%. The second most popular token, Ethereum, is up 4.86% since yesterday and is now trading at $3489.54. It is … Read more
:max_bytes(150000):strip_icc()/Bitcoin-Ethereum-bcc10ffbb3e24c82ba9614ffe5913323.jpg?w=1920&resize=1920,1267 "SEC wants to designate Ether as a security, Bitcoin bounces back")
