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Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation

Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming HyperinflationThe Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering […]

Cryptocurrency investment should favor emerging markets

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

US Government Delays Tax Reporting Rules for Cryptocurrency BrokersThe enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With […]

Cryptocurrency investment should favor emerging markets

BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay

BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial DelayThe alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money laundering through the now-defunct coin trading platform. Vinnik’s Defense Appeals for His Release on […]

Cryptocurrency investment should favor emerging markets

Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay Discussions

Survey That Asks if The Merge Could Cause an Ethereum Chain Split Sparks PoS Delay DiscussionsWhile there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think […]

Cryptocurrency investment should favor emerging markets

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto RulesThe company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X, […]

Cryptocurrency investment should favor emerging markets

IRS Forced To Delay Crypto Tax Collection As Industry Struggles With New Rules: Report

IRS Forced To Delay Crypto Tax Collection As Industry Struggles With New Rules: Report

The US government is reportedly delaying collecting billions of dollars worth of crypto taxes to give firms in the industry more time to gather relevant information on their customers. According to a new report by Bloomberg, The U.S. Treasury Department and the Internal Revenue Service (IRS) plan on delaying tax collection on digital assets until […]

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Cryptocurrency investment should favor emerging markets