FTX Warns IRS Tax Bill Could Wipe Out Recovery for Creditors

by Александр Пирогов | Dec 12, 2023 | Blog News

FTX Trading, facing a proposed $24 billion tax bill from the U.S. IRS, warns that any “meaningful recovery” for creditors could be swiped away. FTX contests the IRS claims, deeming them “meritless” and arguing that the tax bill exceeds any...

Google Tightens Ad Rules for Cryptocurrency Coin Trusts in the U.S

by Александр Пирогов | Dec 12, 2023 | Blog News

With the imminent launch of cryptocurrency ETFs causing a buzz, Google is seizing the opportunity by allowing advertisements for Crypto ETFs. Effective from January 29, 2024, the update permits Cryptocurrency Coin Trusts to advertise on Google. However, direct...

Palau Reports Successful First Phase of Stablecoin Pilot

by Александр Пирогов | Dec 12, 2023 | Blog News

The Republic of Palau has released a report detailing the positive outcomes of the initial phase of its stablecoin pilot. Launched in June 2023 with 200 volunteers, the pilot utilized Ripple Ledger technology to manage wallet transactions. The Ministry of Finance...

Bitcoin’s Inscriptions Highlighted as Cybersecurity Risk by National Vulnerability Database

by Александр Пирогов | Dec 12, 2023 | Blog News

The National Vulnerability Database (NVD) has underscored the vulnerability associated with inscriptions on Bitcoin, identifying it as a cybersecurity risk. The weakness lies in specific versions of Bitcoin Core and Bitcoin Knots, allowing potential data disguise as...

El Salvador’s Bitcoin Bonds Gain Regulatory Approval for Q1 2024 Launch

by Александр Пирогов | Dec 12, 2023 | Blog News

El Salvador’s much-anticipated Bitcoin bonds also known as Volacano bond; have secured regulatory approval, paving the way for their launch in the first quarter of 2024. President Nayib Bukele’s posts on the social platform X indicated the development. The...

U.S. Removes Cryptocurrency AML Measures from Defense Funding Bill

by Александр Пирогов | Dec 11, 2023 | Blog News

The National Defense Authorization Act (NDAA) in the United States has seen the removal of two Anti-Money Laundering (AML) provisions related to cryptocurrency. The first provision involved coordinating with regulators to establish a risk-focused examination and...