General News

IRS Unveils Revised Form 1099-DA for Crypto Transactions

The U.S. Internal Revenue Service (IRS) has introduced an updated Form 1099-DA for reporting digital asset transactions, signaling a significant shift in how crypto...

Former SEC Official Warns Morgan Stanley’s Bitcoin ETF Push

Morgan Stanley, the largest wealth manager in the U.S., is facing warnings from a former Securities and Exchange Commission (SEC) official over its decision...

IRS Updates Draft Crypto Reporting Form for US Taxpayers

The United States Internal Revenue Service (IRS) has released an updated draft of its crypto reporting form, intended for US taxpayers to use starting...

Thailand’s New Regulatory Sandbox for Testing Crypto Services

Thailand has taken a significant step towards embracing cryptocurrency by launching a regulatory sandbox dedicated to testing digital asset services. This move is part...

Russia Legalizes Crypto Mining

In a significant development for the BRICS alliance, Russia has officially legalized Bitcoin and cryptocurrency mining. Russian President Vladimir Putin signed the new law...

Bitcoin Power Law Under Fire: Experts Clash Over Its Validity

The Bitcoin power law, a mathematical model that predicts the continued growth of Bitcoin's price, has ignited a fierce debate. Critics argue that the...

Crypto Leaders Engage with White House on Future Regulation

Top executives from major cryptocurrency firms recently participated in a video call with U.S. lawmakers and Biden administration officials to discuss the future of...

Bitfarms Stock Jumps 22% After Q2 Earnings Beat Expectations

Bitfarms, a Canadian Bitcoin mining company, saw its stock surge nearly 22% on August 8 after reporting better-than-expected results for the second quarter. Q2 Earnings...

Metaplanet Secures ¥1 Billion Loan to Expand Bitcoin Holdings

Japanese investment firm Metaplanet has obtained a ¥1 billion ($6.8 million) loan from shareholder MMXX Ventures to acquire more Bitcoin. This move comes just...

XRP Soars 26% as Ripple Celebrates $125M Penalty as a ‘Victory’

The price of XRP surged 26% following a significant development in the Ripple vs. SEC case, signaling a positive turn for the cryptocurrency. Ripple...

Eisenberg Seeks Acquittal in Mango Markets Fraud Case

Avraham “Avi” Eisenberg is seeking to overturn his convictions related to the Mango Markets exploit, maintaining that his actions constituted legal trading, not fraud...

Trump vs. Harris: Polymarket Betting Odds Show Tight Race

In an August 7 post on X, Polymarket, a decentralized prediction market platform, announced that the outcome of the United States presidential election is...