Illicit Activity Using Bitcoin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Treasury has just announced a new set of rules about reporting crypto transfers because, they claim... “ Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion.” If you think the timing is coincidental with yesterday's plunge, we have a bridge in Brooklyn to sell you. “As with cash transactions, businesses that receive cryptoassets with a fair-market value of more than $10,000 would also be reported on,” the Treasury Department said in a report on tax-enforcement proposals released Thursday. The Treasury said tha...

by Tyler Durden Sunday, Apr 18, 2021 - 08:21 AM In a crash that started late on Saturday evening and accelerated throughout the night, Bitcoin and the entire cryptocurrency space plunged the most in more than seven weeks, just days after hitting a new all time high ahead of the Coinbase IPO. Bitcoin fell 12% to $53,400 as of 8:0 a.m. in New York on Sunday, after plunging as much as 15.1% to $51,707.51 in the Asian day. Ethereum, the second-largest token, dropped almost 18% before paring losses. The market-wide crash has in $1.72 billion worth of long positions liquidated in just one hour al...

Bitcoin just received a strong vote of confidence from an unlikely source, a former acting director of the Central Intelligence Agency. In so doing, he put senior government officials who issue public warnings about bitcoin’s alleged use by criminals, such as Treasury Secretary Janet Yellen, on notice.  Michael Morell, a 33-year veteran of the agency, published an independent paper commissioned by the newly formed lobbying group Crypto Council for Innovation (whose founding members include Coinbase, Fidelity Digital Assets, and Square) directly refuting this well-traveled narrative. In ...