The Internal Revenue Service (IRS) has revealed that $ 3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next year. IRS Says It Could Seize […]
Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%
On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above […]
Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report
The Biden administration is reportedly pushing to include global crypto data sharing rules in the $ 3.5 trillion budget package. The Treasury wants crypto businesses to report information on foreign account holders “so that the U.S. can share information with global trading partners.” Treasury Wants to Impose More Crypto Rules The U.S. Treasury is reportedly […]
