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IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid. The Central District of California federal court entered an order Monday to authorize the United States Internal Revenue Service (IRS) to serve a John…
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Celsius CEO personally directed crypto trades months before bankruptcy: Report

One person familiar with events at Celsius reportedly said CEO Alex Mashinsky was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information. Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates. According…
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2017 ICOs aren’t over yet: SEC files suit against Dragonchain and its founder

The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions.” The United States Securities and Exchange Commission, or SEC, has filed a complaint related to a 2017 initial coin offering from a blockchain project originally developed by the Walt Disney Company. In a Tuesday notice, the…
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Biggest Movers: DOGE Races to 3-Month High, XMR Hits Strongest Price Since June

Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process. Dogecoin (DOGE) Less than 24 hours…
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Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency

Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colombian Congress, Roy Barreras, mentioned the same idea during the inauguration of president Gustavo Petro earlier this month.…
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Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company

Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.” Hodlnaut Updates Customers — Crypto Lender Asks Singapore High Court for Judicial Management The crypto lender…
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Ron Paul Insists US Economy’s ‘Collapse Will Come,’ Former Congressman Says Liquidation Is ‘Absolutely Necessary’

Just recently the American author, economist, and retired politician Ron Paul discussed the rising tensions between China and Taiwan during an interview and he talked about the U.S. economy as well. Paul insists that the U.S. economy’s “collapse will come,” and he further stressed that “debt has to be liquidated.” ‘End the Fed’ Evangelist Ron…
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Uzbekistan Blocks Access to Overseas Crypto Exchanges; Binance, Kraken, FTX, Huobi Reportedly Included

The government in Uzbekistan has blocked internet access to unlicensed crypto exchanges based outside of the country, citing a need to protect its citizens from “fraudsters.” According to a statement published by the government of Uzbekistan, activity on foreign crypto exchanges that provide services to citizens of the country has intensified, without these companies obtaining…
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BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple’s and SBI Remit’s New Project, No-Deals + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: BitGo Lawyers Up, Hodlnaut Files for Protection, XP Launches Trading Platform, Ripple’s and SBI Remit’s New Project, No-Deals + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move

The securities arm of South Korea’s second-largest business group will take the crypto plunge – and will team up with a domestic commercial bank as part of its efforts…. Read More: South Korea’s SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move  Read more »Pay, Trade, Buy Bitcoin with Credit Card