On April 19, the U.S. Internal Revenue Service (IRS) released the first draft tax form specifically for digital asset transactions, 1099-DA, which is intended to report digital asset gains from broker transactions.
JinseFinanceThe IRS faces criticism for its aggressive tactics in seeking help from blockchain investigator ZachXBT, raising concerns about privacy and professionalism.
WeiliangFTX, the bankrupt crypto exchange, challenges the IRS's $24 billion tax claim, deeming it "absurd and meritless." The fluctuating tax bill, currently at $24 billion, covers income and employment taxes from 2018 to 2022. FTX emphasizes the need for a fair resolution to protect bankruptcy victims. The upcoming court hearing on December 13 will play a crucial role in determining the distribution of FTX's remaining assets.
BerniceSpeaking at the Senate Committee, the celebrity businessman called Binance a "massive, unregulated monopoly," alleging that Binance purposely caused FTX to collapse.
decryptChina and FTX share one thing in common: crypto clients.
BitcoinistBefore its collapse, FTX made big bets on sport to raise its profile, especially in the United States.
LedgerinsightsThe filing detailed the hiring of new directors and petitions made by FTX about creditors.
BeincryptoResearchers documented $515 million in suspicious transfers from the cryptocurrency exchange.
The New York TimesTwitter's secrecy on fake and spam account numbers on the platform is the main reason for tech mogul's decision, a Friday letter revealed.
CointelegraphThe company's board of directors unanimously approved the deal on Monday but added it was still "subject to the approval of Twitter stockholders."
Cointelegraph