U.S. Senators Elizabeth Warren and Bill Cassidy are committed to ensuring that Congress and the Administration have the tools necessary to end CSAM and hold those involved with its distribution accountable. In a joint effort to combat illicit trafficking in child sexual abuse material (CSAM), US Senators Elizabeth Warren and Bill Cassidy wrote a letter […]
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The SEC filed the lawsuit due to well-founded suspicions of financial misconduct by Geosyn. The United States Securities and Exchange Commission (SEC) has filed a lawsuit against crypto mining company Geosyn and its co-founders. In it, they are accused of misappropriating $5.6 million from investors. The defendants, who include CEO Caleb Joseph Ward and former […]
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The Treasury implements AI to improve the supervision of cryptocurrency transactions. The draft Form 1099-DA represents an important step in the implementation of crypto taxation. A House of Representatives committee is investigating the IRS’s use of artificial intelligence. The Internal Revenue Service (IRS) is improving its oversight of cryptocurrency transactions through the use of artificial […]
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Institutional interest in cryptocurrencies increases in Canada, with 39% exposure. A KPMG survey reveals that 50% of financial services already offer cryptoasset services. Factors driving growth include rising US debt, dollar inflation and regulatory clarity. Canadian institutional investors have shown increasing interest in cryptocurrencies, with 39% direct or indirect exposure to crypto assets, a notable […]
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Different platforms have unsuccessfully challenged the dominance of the exchange in the country and the upcoming regulatory framework has affected them. A recent report revealed that South Korean exchange Upbit dominates the local crypto market with over 80%. Furthermore, Upbit rose to fifth place in the list of top five global exchanges. Upbit Enters List […]
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