Digital Chamber raises privacy concerns over IRS crypto tax draft
The Chamber proposes adding a field to the form for brokers to indicate if a digital asset has a different tax rate, such as NFTs taxed as collectibles, to prevent errors and ensure accurate reporting.
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Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted
Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department's prosecutor for the infamous Silk Road case —- says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes to crypto.In the traditional financial sector today, “99.9% of all money laundering crimes…

Crypto Security Platform Fireblocks Now Supports 5 More Exchanges
Digital asset cybersecurity startup Fireblocks announced that it now supports five more cryptocurrency exchanges, bringing the total number of covered platforms to 20.According to the official announcement, “with this release, market makers, prop traders and OTCs have a simple and secure unified workflow for securing assets in motion between 20 different exchanges.” The release states:“Fireblocks,…

Cryptocurrency Exchange Huobi Adds XRP Support to its OTC Trading Platform
The peer-to-peer (p2p), over-the-counter (OTC) branch of Chinese cryptocurrency exchange Huobi has added support for Ripple (XRP). The company announced the news in a press release shared with Cointelegraph on March 6.XRP joins Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Eos (EOS) and Huobi Token (HT) in the list of assets supported by Huobi’s OTC trading…

New Official Register in San Marino Recognizes and Regulates Blockchain Firms
The Republic of San Marino has officially adopted the Register of Blockchain Entities, inviting companies in the industry to apply for certification.Companies can apply for blockchain certification onlineThe project was initiated by San Marino’s fully state-owned tech innovation company, the Institute for Innovation of the Republic of San Marino, Cointelegraph Italia reports Oct. 22.According to…

Italy blocks ChatGPT, investigates suspected violations
The move follows a recent data breach suffered by the AI platform on March 20, where user data was exposed to a user. 439 Total views 17 Total shares Own this piece of history Collect this article as an NFTItaly’s watchdog in charge of protecting data has announced that it’s temporarily blocking the artificial intelligence…

AP News publishes US presidential election results on the blockchain
Using blockchain-based technologies provides a secure and unhackable record of the state-by-state results as they come in. 2570 Total views 22 Total shares The Associated Press news agency has been publishing incoming results from the Nov. 3 United States presidential election onto the Ethereum and EOS blockchains.As noted on the developer webpage detailing how to access its…

Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners. 297 Total views 1 Total shares Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.Onafriq will use

Bill to ban digital assets as payment introduced in Russian parliament
The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia. Now, they want to make clear that…