Wollito UAB

Defining ‘Income’ in the Digital Age

This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation

A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypt...

9 months ago

Experts say this has been fuelled by expectations of the US Fed cutting interest rates in 2024 and the eventual approval of a Bitcoin ETF

Bitcoin crosses $40,000 mark. Why is crypto rising again?

The crypto market is witnessing its best performance since May 2022, with Bitcoin and Ethereum breaching the $41,000 and $2,200 marks, respectively. The latest rally has taken the total crypto m...

9 months ago

Hacker Attacks Resulted in $335 Million Loss Alone

Over $356M Lost to Hacks, Phishing Scams and Rug Pulls in Crypto in November: Beosin

Beosin EagleEye’s latest report exposes a massive surge in blockchain security incidents during November 2023, leading to a staggering total loss of over $356 million. ...

9 months ago

SEC Meets with Grayscale to Discuss its Bitcoin ETF Filing

SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-trade...

9 months ago

New Amendment Allows for Comingling of Assets

Grayscale Proposes GBTC Fund Amendment as Spot Bitcoin ETF Looms

Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), has proposed amendments to the trust’s agreement in preparation for a potential uplisting to a spot Bitcoin (BTC) ex...

9 months ago

Popular cryptocurrency wallet Trust Wallet has alerted users about an ongoing issue with the Bitcoin (BTC) node that may result in transaction delays and missing transaction history.

Trust Wallet Warns Users May Face Transaction Delays and Missing History Amidst Bitcoin Node Instability

In a Thursday post on X (formerly Twitter), Trust Wallet said they are “experiencing a BTC node issue” that could lead to transaction delays and missing transaction history.

9 months ago

DCG has paid about $227.3 million to Genesis so far and plans to pay another $275 million it owes by April.

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

Digital Currency Group (DCG) and Genesis Global have reached a repayment plan to settle their lawsuit, according to a new bankruptcy filing. In September, Genesis filed a lawsuit ...

9 months ago

Changpeng Zhao was set to return to the UAE, where his wife and children live, but a district judge stayed this part of his bond release for now.

Binance Founder CZ Stuck in U.S. for the Moment

Binance founder Changpeng "CZ" Zhao must remain in the U.S., at least for the moment, as a federal judge considers a U.S. Department of Justice motion that would require him to remain ...

9 months ago

Coinbase CEO Brian Armstrong told CNBC’s Joumanna Bercetche that the U.S. government’s enforcement action against Binance will allow the crypto industry to “turn the page.”

CRYPTO WORLD Coinbase CEO says crypto industry can turn the page after historic Binance settlement

The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the U.S. Department of Justice, Coinbase CEO ...

9 months ago

The founder of Cosmos Hub has detailed plans and discussions on forking the network to create AtomOne, which has sparked rumors of an airdrop to ATOM stakers.

Cosmos Fork Discussion Sparks AtomOne (ATOM1) Airdrop Hype

On Nov. 26, Jae Kwon posted an update on the forking of Cosmos Hub to create a new chain called AtomOne. There has been significant disagreement in the Cosmos community over issues lik...

9 months ago