Crypto losses to deep fakes could reach $25B in 2024 — Bitget

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11.21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency taxes. The action took place before…

Crypto lending platform Celsius Network has an approximately $1.2 billion gap in its balance sheet, with most liabilities owed to its users. In addition, the firm has filed for bankruptcy protection, so its future looks bleak.Still, Celsius Network's native utility token CEL has soared in valuation by over 4,100% in the last two months, reaching…

Airdrops were created as a marketing tool before the ICO era, rewarding traders for promoting the project and holding its token for a certain period of time, 157 Total views 3 Total shares Own this piece of history Collect this article as an NFTArbitrum, a layer-2 Ethereum scalability protocol, announced the airdrop for its governance…

The defunct firm is not the first to run aground due to failure to abide by U.S. securities laws. 964 Total views 6 Total shares The Securities and Exchange Commission sinks the firm behind another initial coin offering.Per a Dec. 21 cease and desist order, the SEC has determined that ShipChain's ICO for its SHIP…

Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019.Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18.During the inaugural event hosted by Huobi Global, the company…

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week$1T opportunity: JPMorgan becomes first major bank in the metaverse United States…

Gearing up for new battles against data-driven monopolies, antitrust enforcers may well look to blockchain as a way of getting honest data from companies they don't trust. 789 Total views 7 Total shares Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI. On Tuesday, the Department of Justice announced…

Christie’s to auction its first purely digital work by Mike “Beeple” Winkelmann through an NFT marketplace. 2214 Total views 12 Total shares British auction house Christie’s has announced the auction of its first ever “purely digital work of art." Announcing the news Tuesday, Christie’s said that the NFT artwork will be issued in partnership with…

The multi-trillion-dollar asset manager mentions “Bitcoin” 25 times in its submissions with the SEC. 351 Total views 3 Total shares BlackRock, the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market, according to a pair of filings with the United States Securities and Exchange Commission, or SEC. The two prospectus…