EPS looking into cryptocurrency scam – DiscoverEstevan.com

Copyright 2023 Golden West Broadcasting. All rights reserved.A cryptocurrency scam that has been making the rounds has made its way into Estevan.Estevan Police confirmed earlier this week they got a report of an individual investing a significant amount of cryptocurrency.Police said the individual later learned that others had been scammed by the same investment.The matter … Read more

SBF and FTX peddled a crypto fraud that makes scammer Bernie Madoff look like an amateur – MarketWatch

Cryptocurrencies were supposed to offer a new, virtual alternative to the current, mundane “corrupt” system, in which a few dozen bureaucrats in conference rooms around the world — central bankers — manipulate the price of the most important commodity of all — money — through control of interest rates.The collapse of FTX and the subsequent … Read more

Cryptocurrency trading platform Coinbase to pay $100 million in settlement with New York regulators – PBS NewsHour

Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.Thank you. Please check your inbox to confirm. Associated Press Associated Press Leave your feedbackNEW YORK (AP) — New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform’s systems … Read more

IRS Releases Memorandum on Deducting Cryptocurrency Losses – McDermott Will & Emery

On January 13, 2023, the Internal Revenue Service (IRS) released a Chief Counsel Advice Memorandum (CCA 202302011) concluding that taxpayers cannot claim a deduction for cryptocurrency losses that have, absent a sale or other taxable disposition, substantially declined in value if such cryptocurrency continues to trade on at least one cryptocurrency exchange and has a … Read more

Bitzlato Cryptocurrency Exchange Founder Charged with … – JD Supra

On Wednesday, January 18, 2013, the U.S. Department of Justice (“DOJ”) unsealed a criminal complaint in the Eastern District of New York charging Russian-national Anatoly Legkodymov, a senior executive at Bitzlato Ltd. (“Bitzlato”), a cryptocurrency exchange registered in Hong Kong. Legkodymov—also known as “Gandalf” and “Tolik”—is charged with conducting an unlicensed money transmitting business that … Read more

Ethereum Will Soon Have 100 Million Addresses With Non-Zero … – Cryptonews

The number of Ethereum addresses holding a non-zero balance hit a new record high on Monday of 92.5 million. 2022’s bear market, which culminated in the collapse of one of the world’s former largest cryptocurrency exchanges in November, does not appear to have impacted growth in the number of non-zero balance addresses.Some analysts view the … Read more