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Court directs BlockFi to retract chapter 11 reorganization plan

0xMain
May 22, 2023

BlockFi, chapter, court, directs, Hacking, plan, reorganization, retract

A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed chapter 11 reorganization plan and accompanying statement until all materials are formally authorized. On May 18, the court directed BlockFi, the insolvent cryptocurrency lender, to retract its prematurely disclosed...

EU makes progress on plan to share cryptocurrency tax data

0xMain
May 10, 2023

Cryptocurrency, data, Hacking, plan, progress, share, tax

The E.U.’s Digital Finance Package proposal, known as DAC8, has recommended that crypto asset service providers report their clients’ transactions to help combat tax-related criminal activities such as tax evasion. This move is part of the E.U.’s effort to tighten regulations on cryptocurrency...

Kennedy Jr. is against Biden’s crypto tax plan, raises privacy concerns about CBDCs

0xMain
May 6, 2023

Bidens, CBDCs, concerns, Crypto, Hacking, Kennedy, plan, Privacy, raises, tax

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robert Kennedy Jr. has spoken out against President Biden’s proposed 30% tax on cryptocurrency mining, emphasizing the importance of financial privacy and the need to support innovation within the...

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Celsius submits chapter 11 reorganization plan centered on NovaWulf deal

0xMain
April 2, 2023

Celsius, centered, chapter, deal, Hacking, NovaWulf, plan, reorganization, submits

Celsius Network, the bankrupt cryptocurrency company, filed its chapter 11 reorganization plan in the late hours of March 31, 2023, built around NovaWulf Digital Management, an SEC-registered investment manager. Celsius submits chapter 11 restructuring plan The announcement was made by the Celsius Official Committee of...

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Biden Budget Plan proposes taxes to reduce crypto wash trades

0xMain
March 9, 2023

Biden, budget, Crypto, Hacking, plan, proposes, reduce, taxes, trades, wash

U.S. President Joe Biden’s proposed budget will be released on March 9, including a stipulation for tax loss loopholes on crypto transactions. The budget blueprint will include a provision to reduce wash sales. Currently, crypto investors can trade any cryptocurrency at a loss,...

Cake DeFi Launches Ethereum Staking Service with Five Percent Staking Yield

Coinbase CEO condemns rumors on SEC’s plan to ban crypto staking

0xMain
February 9, 2023

ban, CEO, Coinbase, condemns, Crypto, Hacking, plan, rumors, SECs, staking

Coinbase CEO Brian Armstrong has disclosed some unsettling rumors regarding the Securities and Exchange Commission’s (SEC) plans for crypto staking in the United States. In a Twitter thread on Feb. 9, Armstrong alleged the SEC wanted to get rid of crypto staking for...