Nomad announces 10% bounty to hackers following recent hack
Following the Nomad bridge hack on Aug. 2, Nomad has announced that it’s offering up to a 10% bounty of the stolen $190M from the recent hack. For the recovery of the money taken from the Nomad bridge , Nomad offered a reward of up to 10%. The business made a wallet address for sending […]
Crypto stolen from Solana might be claimed as tax loss: Experts
Tax experts say that while U.S. investors will lose money, Australian, Canadian, and U.K. crypto investors may be able to claim hacked cryptocurrency as a tax loss. It turns out that digital assets lost during an attack or hack might theoretically be claimed as a tax loss, providing you live in the proper country, experts […]
Alexander Vinnik to face multiple charges in the US after extradition
Accused BTC-e mastermind Alexander Vinnik has now been extradited to the U.S. to face multiple charges of money laundering related to the now-defunct cryptocurrency exchange. According to reports, accused BTC-e operator Alexander Vinnik has been extradited to the United States to face various counts of money laundering while employed by the now-defunct cryptocurrency exchange. Due […]
Congress will likely determine crypto jurisdiction: Lummis staffer
If the SEC and CFTC are unable to resolve the matter, the United States Congress would decide who gets bragging rights over crypto regulation. If the conflict between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding who regulates crypto cannot be resolved internally, United States Senator Cynthia Lummis staffer […]
Thailand’s financial regulators approve four new crypto firms
Thailand Securities and Exchange Commission (SEC) has authorized four other crypto firms in the country, however, the firms have not fully begun their activities. Four more crypto firms received operating licenses from the SEC, according to local media on Thursday. These include the cryptocurrency exchange T-BOX Thailand and Krungthai XSpring, a crypto broker connected to […]