Cryptocurrencies

Exclusive: SBF secretly funded crypto news site The Block and its CEO's apartment in the Bahamas

Exclusive: SBF secretly funded crypto news site The Block and its CEO’s apartment in the Bahamas

Photo illustration: Sarah Grillo/Axios. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images The Block, a media company that says it covers crypto news independently, was secretly funded for over a year with money funneled to The Block’s CEO by the disgraced cryptocurrency trading company. of Sam Bankman-Fried, sources told Axios. why is it important: The payments, …

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European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

European Central Bank Says Bitcoin Is on the “Road to Irrelevance”

The European Central Bank has issued a scathing critique against bitcoin, and by extension crypto in general.Chart: Craig Hastings (Shutterstock) We can now add the European Central Bank to the ranks of high-ranking crypto skeptics, with high-ranking leaders going further to say that crypto should not be legitimized by any government or major financial institution. …

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What to know about the IRS rules for bitcoin, ethereum and other cryptocurrencies for the 2023 tax season

What to know about the IRS rules for bitcoin, ethereum and other cryptocurrencies for the 2023 tax season

Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Cryptocurrency is taxed as property by the IRS, like stocks or real …

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IMF Says Africa's Burgeoning Crypto Market Poses Risks and Needs Regulation

IMF Says Africa’s Burgeoning Crypto Market Poses Risks and Needs Regulation

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – The IMF believes the collapse of Sam Bankman-Fried’s FTX exchange should serve as a warning to African nations about the risks …

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