IRS issues rules on digital asset reporting, says front-ends are brokers

Saeed Zarandi, Iranian Assistant Minister of Industry, Trade, and Supply, said that US Congress is working to stop Iran’s access to cryptocurrencies and Bitcoin (BTC) mining, as reported by local news service Al-Fars on July 6.According to Zarandi, Congress considers cryptocurrency a tool for evading sanctions and money laundering, and is therefore trying to legislate…

Bitcoin (BTC) climbed to fresh all-time highs on Jan. 7, coming within striking distance of $40,000.Cryptocurrency market overview. Source: Coin360BTC price reaches $37,800Data from Cointelegraph Markets, Coin360 and TradingView showed Bitcoin getting yet another boost overnight on Wednesday as protestors stormed the Capitol in Washington D.C.After showing signs of continuing strength during trading the day…

The BAND price is surging as the oracle provider partners with South Korea’s premier blockchain network, ICON. 1899 Total views 4 Total shares South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND, which has gained a lot of momentum recently.The partnership will provide ICON developers with complete access to the…

Changpeng Zhao, the co-founder and CEO of major cryptocurrency exchange Binance publicly expressed distrust towards self-proclaimed Bitcoin (BTC) creator and Bitcoin SV (BSV) founder Craig Wright.In a tweet published on Feb. 24, Zhao explicitly said that Craig Wright “is a fraud.” He also seemingly recommended not to invest in Bitcoin SV:“Investing in a fraud never…

South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency. 1693 Total views 14 Total shares Last fall, the Bank of Korea announced it would be testing the distribution of a central bank digital currency…

Bankruptcy judge John Dorsey called the bipartisan letter “inappropriate," and that he won't take it into account in his decision for an independent examiner. 9 Total views 1 Total shares Own this piece of history Collect this article as an NFTFTX’s bankruptcy judge has reportedly slammed the joint letter from four United States senators calling…

Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme.Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Brasil.Unick…

In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other

Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC. 238 Total views 3 Total shares Bankrupt crypto exchange FTX has been given the green light to sell around $873 million of trust assets, with proceeds used to repay