As part of their investigation into an unlawful gambling network, Turkish officials have confiscated $40 million worth of cryptocurrencies. When it comes to gambling, Turkey is quite strict. The government outlawed casinos in 1998. And since 2006, all forms of internet gambling have been illegal, with the exception of a
As the world continues to progressively move towards the digital environment, public use of and familiarity with digital currencies is, as expected, becoming increasingly more advanced. This holds true even in the case of gift cards, which represent an industry that must pay close attention to global trends in order
Taxpayers will need to disclose any and all transfers of digital assets. The year 2022 is the first year when the phrase “digital asset” may be used on tax returns. The Internal Revenue Service (IRS) is extending its mandate for citizens to disclose cryptocurrency transactions. A new draught of Form
As the situation develops, the market will react strongly. Liz Truss will hold the record for becoming the shortest British prime minister. The Prime Minister of the United Kingdom, Liz Truss, has announced her resignation. Following her departure, Liz Truss will hold the record for becoming the shortest British prime
The current crypto bear market also had a negative impact on SEN. Silvergate Exchange Network (SEN) volumes were lower than the industry average. The stock price of Silvergate Capital Corp (NYSE: SI) has dropped 19.5% over the last five days after the cryptocurrency-focused bank announced a dismal third quarter. Silvergate
Despite CEO Jamie Dimon’s criticism of Bitcoin and other cryptocurrencies as “decentralized Ponzi schemes,” the biggest investment bank in the world, JPMorgan has hired a new head of the digital assets regulatory policy division. According to Bloomberg Law, Aaron Iovine, who formerly worked in a similar role at the insolvent
There may be a bear market going on, but it hasn’t stopped businesses from entering the crypto sector. In reality, conventional financial institutions have begun dipping their toes into the crypto industry by providing products to meet the needs of market participants. On Thursday, European digital bank N26 said it
Bitcoin will end the year at $21K, according to Finder’s experts. Finder’s panelists believe Bitcoin is currently underpriced, while 19% believe it is overpriced. Finder is a comparison website and the experts from Finder gathered once more, and this time they totaled up their forecasts for Bitcoin, the top crypto
Jim Rogers says the upcoming recession must be the worst in his lifetime. Consumer Price Index in September surged to 8.1%. In a recent interview, Jim Rogers, an famed investor who launched the Quantum Fund along with billionaire investor George Soros, warns that the bear market will only get worse
Tesla’s net income (GAAP) for the third quarter of 2022 was $3.33 billion. In the third quarter, Tesla (TSLA) didn’t sell any of its bitcoin holdings. Tesla reported adjusted earnings per share of $1.05, exceeding the $1.00 consensus of analyst estimates submitted to FactSet, on revenue of $21.45 billion, falling
