AFIP intensifies fight against crypto tax evasion
After conducting raids on cryptocurrency mining companies, Argentina’s tax office, AFIP, is now stepping up its efforts to combat tax evasion related to cryptocurrencies. 3,997 individuals who used cryptocurrencies in 2020, according to a local report, received letters from the tax agency instructing them to change their property tax affidavits to reflect their ownership of […]
Core Scientific Stock Plunges Amid Bankruptcy Rumors
Since the crypto winter started at the beginning of 2022, many Bitcoin mining firms have had trouble making money. Many crypto firms have had trouble, and some have had to shut down. The impact was mostly felt by crypto firms like Celsius Network, Three Arrows Capital, Voyager Digital, and others. Core Scientific, which works with […]
Shitcoins with Halloween themes take over crypto Twitter
Halloween-themed cryptocurrencies are taking over Twitter, with no meaningful use case or future for investors. Halloween was no different from other times when the Twitter crypto community released new coins with current-event themes. In an effort to capitalize on the excitement around the celebrations, the market saw an invasion of cryptocurrencies themed around Halloween. Halloween-themed […]
Hong Kong to permit retail crypto trading
The government of Hong Kong is set to permit crypto trading for retail investors, this is an official step towards legalizing cryptocurrency in the country. On Monday, October 31, the Hong Kong government released a formal policy statement that will permit regional retail cryptocurrency trading. There have been some significant developments over the past week […]
Crypto now funds Terrorist activities – UN official
Svetlana Martynova, the UN’s coordinator for countering terrorism financing, claims that terrorist organizations have turned to crypto to finance their activities as opposed to former methods which were Cash and hawala. The UN representative made the remarks in a speech at a “Special Meeting” held by the UN’s Counter-Terrorism Committee (CTC) on October 28 and […]