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IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax violations. In a new interview with CNBC, Guy Ficco, the IRS’s Chief of Criminal Investigation, says that crypto tax crimes – such as not reporting earned income from trading digital assets – are on the […]

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Bitcoin halving 2024: 5 ways it’s different this time

Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis

Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis

Crypto assets are increasingly being used to pay for pirated online streaming content, according to the blockchain analysis firm Chainalysis. Nordic Content Protection (NCP), a television anti-piracy non-profit, partnered with Chainalysis to track crypto addresses connected to illicit streaming. Total inflows to these addresses totaled approximately $24 million between 2019 and 2023, with a dramatic […]

The post Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time

United States Leads All Countries With a Staggering $9,360,000,000 Worth of Crypto Gains in 2023: Chainalysis

United States Leads All Countries With a Staggering ,360,000,000 Worth of Crypto Gains in 2023: Chainalysis

New data from market intelligence firm Chainalysis reveals that global cryptocurrency gains topped $37.6 billion in 2023 as asset prices and market sentiment continue to improve after a challenging 2022. In a new report, the crypto analytics platform says that the United States accounted for the lion’s share of realized profits in 2023, hauling in […]

The post United States Leads All Countries With a Staggering $9,360,000,000 Worth of Crypto Gains in 2023: Chainalysis appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time

Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis

Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis

Cybercriminals are turning to cross-chain bridges to move illicit funds, according to market intelligence platform Chainalysis. Cross-chain bridges enable users to transfer crypto assets from one blockchain to another. In a new report, Chainalysis says the amount of crypto that bridge protocols received from illicit addresses increased from just $312.2 million in 2022 to $743.8 […]

The post Crypto Money Laundering on Cross-Chain Bridges Surges 138% Year-on-Year in 2023, According to Chainalysis appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time

Ransomware Makes Comeback With Over $1,000,000,000 Extorted in 2023, According to Chainalysis

Ransomware Makes Comeback With Over ,000,000,000 Extorted in 2023, According to Chainalysis

New data from market intelligence platform Chainalysis reveals that ransomware attacks resurfaced in 2023, extorting over $1 billion from investors throughout the year. In a new blog post, Chainalysis says that 2023 saw a rise in the number of ransomware attacks across the board – and the firm believes it’ll only increase. “Ransomware payments in […]

The post Ransomware Makes Comeback With Over $1,000,000,000 Extorted in 2023, According to Chainalysis appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time

Illicit Crypto Transaction Volume Falls for the First Time Since 2020, According to Chainalysis

Illicit Crypto Transaction Volume Falls for the First Time Since 2020, According to Chainalysis

Blockchain analysis firm Chainalysis says the volume of illicit transactions in the crypto space significantly dropped in 2023, marking a shift in the rising trend from 2020 to 2022. In a new report, Chainalysis says illicit addresses received just $24.2 billion in cryptocurrency value last year. In 2020, these wallets received $9.4 billion, which rose […]

The post Illicit Crypto Transaction Volume Falls for the First Time Since 2020, According to Chainalysis appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time

This Is Where the United States Ranks in Terms of Global Crypto Adoption, According to Chainalysis

This Is Where the United States Ranks in Terms of Global Crypto Adoption, According to Chainalysis

Blockchain analysis firm Chainalysis is unveiling the 2023 Global Crypto Adoption Index in a new report. According to Chainlysis, the United States ranks fourth globally with regard to crypto adoption, behind India, Nigeria and Vietnam. The United States and Canada are the only countries from North America in the top 20. Canada is ranked 19th […]

The post This Is Where the United States Ranks in Terms of Global Crypto Adoption, According to Chainalysis appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time

Silk Road Hacker Accidentally Showed Feds $70,000,000 Worth of Bitcoin on His Laptop Before Being Arrested: Report

Silk Road Hacker Accidentally Showed Feds ,000,000 Worth of Bitcoin on His Laptop Before Being Arrested: Report

Police body cam footage shows the Silk Road hacker opening up a laptop with thousands of Bitcoin (BTC) on it in front of federal investigators, not realizing he was incriminating himself. James Zhong was charged by the US government last year for stealing more than 50,000 BTC from the illicit online marketplace Silk Road in […]

The post Silk Road Hacker Accidentally Showed Feds $70,000,000 Worth of Bitcoin on His Laptop Before Being Arrested: Report appeared first on The Daily Hodl.

Bitcoin halving 2024: 5 ways it’s different this time