Day: April 15, 2024

IRS Expects Surge in Crypto Tax Crime Cases as Tax Season Concludes

faizimrd

[ad_1] The US Internal Revenue Service (IRS) is bracing for an increase in crypto tax crime cases as taxpayers file their returns on April 15. IRS criminal investigation chief Guy Ficco predicts a rise in charged Title 26 crypto cases this year and beyond. While crypto has been associated with various financial crimes in the past, Ficco anticipates a surge in “pure crypto tax crimes” in the future. As the tax season draws to a conclusion, the Internal Revenue Service (IRS) of the United States is getting ready for the…

Read More

Meme coins to watch: Shiba Inu, Floki, and Rebel Satoshi Arcade – CoinJournal

faizimrd

[ad_1] Meme coins are evolving from joke coins into cryptocurrencies with utility. Shiba Inu and Floki lead the adoption among top meme coins. Meanwhile, the new Rebel Satoshi Arcade is on a journey to transform blockchain games. The meme coin space has seen tremendous growth over the last few months. Emphasis has gradually shifted from the hype and community drive to meme coins that offer utility. Shiba Inu leads the charge, with Shibarium recording over 1.39 million wallet addresses. Meanwhile, Floki has revealed plans to offer regulated banking accounts to…

Read More

Fed Rate Cut Would Be a Dangerous and Egregious Error, Says Former Treasury Secretary Larry Summers

faizimrd

[ad_1] Former Treasury Secretary Larry Summers is warning that a potential rate cut by the Federal Reserve would be a serious mistake. In a new interview with Bloomberg Television, Summers comments on the latest core consumer price index (CPI) numbers that came in hotter than expected, saying that no one should be surprised by the presence of accelerated inflation. “I was not hugely surprised by the numbers. In an economy that is growing faster than potential, we’ve had an unemployment rate that has a three handle in the presence of…

Read More

Australian Regulator Initiates Civil Proceedings Against Three Cryptocurrency Investment Firms – Regulation Bitcoin News

faizimrd

[ad_1] The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated that appointing a receiver is the best way to protect investors’ assets, which are at risk of being depleted. Protecting Investors’ Assets The Australian Securities […] [ad_2] Source link

Read More

Xuirin Finance a pioneer for DeFi Card – Presale Stage 1 Sold out – CoinJournal

faizimrd

[ad_1] Bankstown, Australia, April 15th, 2024, Chainwire Xuirin Finance has recently presented its DeFi card, an innovative solution designed to merge the functionalities of traditional debit and credit cards with the decentralized financial services provided by DeFi. The introduction of this card aims to facilitate daily transactions using cryptocurrencies, enhancing their integration into the global payment ecosystem. Overview of Xuirin Finance’s DeFi Card The DeFi card from Xuirin Finance allows users to engage in a variety of financial transactions, including online purchases, bill payments, and cash withdrawals at ATMs, using…

Read More

Analyst Sees Bitcoin Rallying to New All-Time Highs Around the Halving, Says BTC Mirroring Pre-ETF Movement – The Daily Hodl

faizimrd

[ad_1] A closely followed crypto strategist thinks that Bitcoin (BTC) is positioned to surge to new all-time highs following last week’s drop to around $60,000. Pseudonymous analyst Kaleo tells his 634,700 followers on the social media platform X that Bitcoin appears to be mirroring its December 2023 to January 2024 price action – when the market anticipated the approval of spot BTC exchange-traded funds (ETFs). According to the trader, he sees Bitcoin rallying to new record highs around the halving when BTC miners’ rewards are slashed in half. However, he…

Read More