Safemoon’s Former CTO Pleads Guilty to Fraud

February 22, 2025 Bitcoin.com

bitcoin.com

The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Bybit Payroll Heist: Nearly 10 Years in Prison for $5.7M Crypto Theft

February 22, 2025 Bitcoin.com

Bybit Payroll Heist: Nearly 10 Years in Prison for .7M Crypto Theft

bitcoin.com

A Bybit payroll fraud scheme funneled $5.7 million into a worker’s personal wallets, funding luxury splurges before authorities uncovered the deception and issued a prison sentence. Bybit Crypto Payroll Fraud Leads to Prison Sentence A former payroll employee has been sentenced to nine years and 11 months in jail for orchestrating a $5.7 million fraud […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Latam Insights Encore: Libra Might Benefit Argentina’s Crypto Policy After All

February 18, 2025 Bitcoin.com

Argentina

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how the recent debacle of Libra, a token endorsed by Argentine President Javier Milei, might become a positive event for the future of Argentina’s crypto policy. Latam Insights Encore: Javier Milei’s […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

$80,000 Abruptly Drained From JPMorgan Chase Account – Why the Bank Says Reimbursement Is Not Happening

February 16, 2025 The Daily Hodl

Business

Banking giant JPMorgan Chase is reportedly denying a customer’s massive reimbursement claim. Single mother Marisel Ballard says she lost $80,000 from her JPMorgan business account after thieves hacked into her social media setup, reports FOX San Antonio. Ballard, who owns the Trustworthy Cleaning Service in Texas, says she linked her bank account to Facebook to […]

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Clucoin Founder Sentenced to 27 Months for $1.14M Crypto Fraud

February 16, 2025 Bitcoin.com

Clucoin Founder Sentenced to 27 Months for .14M Crypto Fraud

bitcoin.com

The founder of Clucoin, Austin Michael Taylor, was sentenced to 27 months in prison for wire fraud, followed by three years of supervised release, and ordered to pay $1.14 million in restitution and forfeitures. Taylor, 41, from Sykesville, Maryland, used his social media influence to promote Clucoin, a Miami-based cryptocurrency project under his company, CLU […]

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

How Bitcoin investors can avoid tax fraud

January 23, 2025 Coin Telegraph

Bitcoin investors

Bitcoin investors must navigate a complex tax landscape, including understanding taxable vs. non-taxable transactions, key regulations by jurisdiction and ways to stay compliant.

The rise of Bitcoin and other cryptocurrencies has presented exciting new investment opportunities, but it has also created a complex landscape for tax compliance. Many investors are unaware of their tax obligations, leading to unintentional errors or, in some cases, deliberate tax evasion.

This article provides a comprehensive guide on how Bitcoin investors can avoid tax fraud, covering various jurisdictions and relevant laws.

If you’re curious about whether Bitcoin investors are required to pay taxes, the short answer is yes. However, crypto tax laws for Bitcoin holders vary by jurisdiction. For instance, the IRS in the United States views cryptocurrencies as property, not currency. This classification means that instead of being taxed as regular income, cryptocurrencies are subject to capital gains taxes when sold or exchanged.

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic

January 15, 2025 Coin Telegraph

Coin Telegraph

The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.

Huione Guarantee, which has been labeled as “the largest online illicit marketplace to have ever operated” by crypto compliance firm Elliptic, has grown its monthly inflows by 51% in just half a year — boosted by its own USD stablecoin launch in September.

“Our analysis shows that Huione Guarantee’s growth is accelerating, with over $24 billion in transactions to date,” reported Elliptic on Jan. 14.

In July, Elliptic alleged that Huione Guarantee operated an online marketplace with a substantial portion linked to money laundering and cyber scams.

XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

$2,000,000 Drained From Customers’ Bank Accounts in Just 8 Days, Says Financial Giant, Warning Scammers Trigger Fraudulent Transfers Like Clockwork

January 11, 2025 The Daily Hodl

bank

A trillion-dollar banking giant says its customers lost about $2 million to fraud in a span of just eight days. Santander UK says scammers ripped £1.99 million ($2.04 million) from its customers’ accounts between Christmas and January 1st of 2024. The bank revealed the numbers in a push to keep customers vigilant through the holiday […]

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

24-Year-Old Arrested for Alleged $4,600,000 Crypto Scam That Defrauded 300 People: Report

January 8, 2025 The Daily Hodl

24-Year-Old Arrested for Alleged ,600,000 Crypto Scam That Defrauded 300 People: Report

crime

A 24-year-old man from the Netherlands has reportedly been arrested after allegedly scamming 300 people out of millions of dollars. According to a new report by local news outlet Oost, an unnamed law student and professional soccer player from the Dutch city of Hegelo has been arrested and accused of defrauding investors and mishandling their […]

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XRP Price Analysis: Crypto Traders Brace for a Wild Ride as XRP Approaches Critical Levels

Investigators to Search Through Do Kwon’s Personal Emails, Twitter Messages and Mobile Devices in Terra Case

January 8, 2025 The Daily Hodl

crypto

New court documents reveal that authorities plan to search through disgraced Terra (LUNA) founder Do Kwon’s personal emails, social media accounts, financial records, and more. According to a new court memo, investigators say they will sift through massive amounts of Kwon’s personal data to gather evidence against him. “The Government anticipates that Rule 16 discovery […]

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