The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of the Treasury and Internal Revenue Service may not be willing to enforce crypto brokers collecting
Month: June 2022
Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH). Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price. CoinFLEX debacle ensnares BCH supporter Ver Bitcoin Cash, also known as “Bcash” by
Sony said on Wednesday that it’s launching a new line of headphones and monitors targeting the growing PC market for videogames as the Japanese conglomerate looks beyond its core PlayStation console gaming audience. Sony, whose PlayStation 5 console has been affected by supply chain snarls, last month announced a pivot towards releasing more titles on
Ms. Marvel episode 4 — out now on Disney+ and Disney+ Hotstar — transported the newest Marvel Cinematic Universe series to Pakistan’s largest city, Karachi, fulfilling Nani’s (Samina Ahmed) wish that had been set up at the end of the previous episode. In doing so, it was able to touch upon the ancestors of Kamala
Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Major cryptocurrency hedge fund Three Arrows
The Realme GT Neo 2 (Review) was a brand-new smartphone and the first to launch in the Neo series in India. Despite its lacklustre camera performance, it still made for an excellent mid-range gaming smartphone with its 800-series Snapdragon SoC, beefy cooling system and an attractive price tag which started at just Rs. 31,999. Recently,
Itel Smartwatch 1 ES is the brands first-ever smartwatch, and it has been launched in India. The smartwatch sports a 1.7-inch full-touch HD IPS display. It supports multiple sports modes such as walking, running, cycling, skipping, badminton, and more. The watch has been claimed to offer up to 15 days of battery life. The Itel
The government has issued a notice to Twitter to comply with all its past orders by July 4, an official source said on Wednesday. The Ministry of Electronics and IT has set a deadline of July 4, failing which Twitter may lose intermediary status, which means it will be liable for all the comments posted
Cybersecurity researchers have documented a new information-stealing malware that targets YouTube content creators by plundering their authentication cookies. Dubbed “YTStealer” by Intezer, the malicious tool is likely believed to be sold as a service on the dark web, with it distributed using fake installers that also drop RedLine Stealer and Vidar. “What sets YTStealer aside
Terra’s $40-billion experiment to create a functional “algorithmic stablecoin” project has failed drastically following its collapse in May. Nonetheless, its native stablecoin TerraClassicUSD (USTC), earlier called TerraUSD (UST), has been thriving in the past week. Dead stablecoin walking To recap, UST lost its U.S. dollar peg in May following mass withdrawals from Anchor Protocol, a lending
Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support to the latest protocol upgrades including Taproot and Musig2 among other improvements. lnd is a software component that handles various aspects within
In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company’s personnel count soared to
North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio. The crypto market rundown that started in May wiped out hundreds of billions of
Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation. A court in the British Virgin Islands on June 27 ordered the liquidation of Singapore-based 3AC, the British news agency Sky News reported on Wednesday. The information in the report refers to an unspecified person
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian
Solana (SOL) continued its recovery trend on June 28 while inching closer to triggering a classic bullish reversal setup. SOL’s price gained 2.42%, reaching an intraday high of $39.40/ The SOL/USD pair is now up 50% as a part of a broader retracement move that began on June 14 after falling to lows of $26.
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