Crypto user jailed for 2 years for tax fraud (15th December 2024)
Just pay your taxes, it's not worth the risk.
Crypto Headlines
Iran's Rolling Blackouts Linked to Bitcoin Mining: Iran is experiencing prolonged power outages, with unauthorized cryptocurrency mining suspected as a contributing factor. https://apnews.com/article/9ff962e2bc7931e4f4dca79407316df3
Crypto Leaders Anticipate Gains Under Trump Administration: Prominent crypto figures expect favorable regulatory changes with Donald Trump's election. https://www.ft.com/content/d46b23fa-4114-46b4-94a9-26199b5bb95e
Early Bitcoin Investor Sentenced for Tax Evasion: An Austin, Texas man was sentenced for underreporting cryptocurrency holdings on tax returns. https://www.justice.gov/opa/pr/early-bitcoin-investor-sentenced-filing-tax-returns-falsely-reported-his-cryptocurrency
Journal Rewards Peer Reviewers with Cryptocurrency: A scientific journal is compensating peer reviewers with cryptocurrency. https://www.nature.com/articles/d41586-024-04027-4
Cardano's Hoskinson Criticizes Wyoming Token Commission - Charles Hoskinson, founder of Cardano, has accused the Wyoming Token Commission of excluding Cardano and Ripple from a new stablecoin project, citing bias towards Ethereum due to the commission's director's past with Consensys. Hoskinson hints at potential legal action.
MicroStrategy to Join Nasdaq 100 - MicroStrategy, known for its significant Bitcoin holdings, is set to join the Nasdaq 100 and the QQQ ETF, highlighting the growing mainstream acceptance of crypto-related companies in traditional finance.
Senator Lummis Discusses Strategic Bitcoin Reserve - Senator Cynthia Lummis and Scott Besent met to discuss the establishment of a Strategic Bitcoin Reserve in the U.S., aiming to enhance national security and economic stability.
Solana Surpasses Ethereum in Developer Onboarding - In 2024, Solana has outpaced Ethereum in attracting new developers, suggesting a shift in blockchain development focus and potentially indicating Solana's growing influence in the DeFi and NFT spaces.
Ukraine's Crypto Legalization Without Tax Breaks - Ukraine plans to legalize cryptocurrency activities in 2025 but will not offer the previously considered tax breaks, aiming to regulate the crypto sector more stringently.
Trump-Backed World Liberty Financial Acquires $12M in ETH, LINK, AAVE - World Liberty Financial, backed by Donald Trump, has invested $12 million in Ethereum, Chainlink, and AAVE tokens, signaling strong support for these cryptocurrencies.
Ripple to Sell $500 Million as XRP Struggles - Amid XRP's struggle to maintain its ranking by market cap, Ripple plans to sell $500 million in shares, potentially for funding or strategic purposes.
NVIDIA Faces Shareholder Lawsuit Over Crypto Revenue - NVIDIA is facing a lawsuit from shareholders claiming misrepresentation of the company's revenue from cryptocurrency mining, which could impact its stock value and investor trust.
El Salvador Partners with Argentina on Crypto - El Salvador, which has embraced Bitcoin, is now partnering with Argentina to explore and develop cryptocurrency policies and infrastructure, indicating a regional move towards crypto adoption.
Trump Confirms Bitcoin Reserve Plans - Donald Trump has confirmed plans for a U.S. Bitcoin reserve, predicting a potential $15 trillion price boom for Bitcoin, which could significantly impact the global crypto market.
https://www.coingecko.com/en/crypto-gainers-losers?time=d7&top=300
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