IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new…
Massive Bitcoin Buying Spree During Market Crash!
Record Increase in Bitcoin Purchases in Argentina Amid Price Drop, Surpassing Previous Peak by 33%. Monday Recorded the Highest Daily Volume of Bitcoin Purchases in Argentina for 2024, According to…
US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery
A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director…
Binance Labs Invests in Solana-Based Staking Protocol Solayer
After recently announcing support for Particle Network, Binance Labs invested in Solayer, one of the fastest-growing Solana-based projects. According to reports, Solayer intends to use the secured funds to scale…
East African Scientists Use AI for Accurate Extreme Weather Forecasts
Climate scientists in East Africa are integrating artificial intelligence (AI) into traditional weather forecasting methods to enhance the accuracy of extreme weather predictions. The region faces increasing frequency and severity…
Bancolombia and Chainlink Collaborate to Secure Stablecoin Operations
Wenia, part of Bancolombia Group, integrates Chainlink Proof of Reserve to verify Colombian Peso-backed stablecoins. The integration ensures each COPW stablecoin is supported by actual currency reserves, enhancing transaction security.…
ApeBond x IOTA EVM: A New Chapter Towards Sustainability
ApeBond is delighted to dive deep into the latest expansion of our DeFi Bonds platform: IOTA EVM. This integration marks our ninth cross-chain venture, emphasizing our mission to broaden our…
Ferrari Expands XRP, Bitcoin and Crypto Payment System to Europe Following U.S. Success
Ferrari extends cryptocurrency payments to European dealers by July 2024 after U.S. success. Payment processors for Europe are yet to be specified by Ferrari. Following CNF’s earlier update on Ferrari…
Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments
The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many…
Hong Kong Launches Its First Inverse Bitcoin ETF Product
CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on…