The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulations … Read more
The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi protocols to conduct Know-Your-Customer (KYC) procedures. Industry experts have already criticized the new provision for being unlawful and out of the Treasury’s regulatory … Read more
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE meme coin hype faces a challenger as Lightchain AI, blending blockchain and AI, attracts holders seeking utility and growth. PEPE, the meme coin phenomenon that captured the crypto world’s imagination, has amassed a … Read more
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to transition into a public benefit corporation (PBC) as soon as possible next year, finally ditching the nonprofit structure that’s apparently been holding it back. “The hundreds of billions of dollars that major companies are … Read more
Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montenegro’s Justice Ministry made the announcement, highlighting that “most criteria envisaged by the law are in favor of the … Read more
The ChatGPT maker is considering turning its for-profit arm into a Delaware Public Benefit Corporation amid ongoing criticism of its legal structure.
In a recent Cointelegraph video, we assessed the risk posed by quantum computing to cryptocurrency, potential solutions, and what investors should do to protect their portfolios.
Do Kwon was apprehended by law enforcement in Montenegro in June 2023 after attempting to flee the country with a false passport.
Do Kwon, the mastermind behind the TerraUSD and Luna disaster that obliterated $40 billion in crypto, is finally heading to the United States to face justice. Montenegro’s Minister of Justice, Bojan Božović, signed the extradition order, prioritizing the U.S. request over South Korea’s. This decision comes after Montenegro’s Supreme Court confirmed all legal conditions for … Read more
Follow Frank on X. On a recent episode of the Galaxy Brains podcast, Michael Saylor made the case that bitcoin isn’t a currency and that it’s best to think of it as capital and capital only. He also shared that Tether (USDT) and Circle’s USD Coin (USDC) are the real digital currencies and unveiled his … Read more