Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who transacted in crypto actually declared those gains on their tax …
NFT & Metaverse
Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter. Heathcote stepped down …
- NFT & Metaverse
US Bitcoin ETFs Break 10-Day Losing Streak With $222 Million in Inflows as Bitcoin Reclaims $61K
by adminby adminU.S. spot Bitcoin exchange-traded funds (ETFs) ended a 10-day streak of net outflows on Thursday, attracting $221.7 million in fresh capital as weaker-than-expected U.S. economic data boosted expectations that the Federal Reserve could ease …
- NFT & Metaverse
Trump Discloses Over $1.2 Billion in Crypto Earnings, $50M in Bitcoin Holdings
by adminby adminThe U.S. office of Government Ethics released President Donald Trump’s annual financial disclosure on Tuesday, revealing sizable earnings from his various cryptocurrency ventures in 2025. The report, which totals over 900 pages, details income …
- NFT & Metaverse
White House to speak with law enforcement groups to push Crypto’s Clarity Act
by adminby adminWhite House officials — especially lead crypto adviser Patrick Witt — have sought to keep the Clarity Act moving forward in the Senate, including holding previous meetings with those who have objected, such as …
BitGo Holdings, one of the crypto industry’s most prominent custody and infrastructure firms, has reduced its workforce by nearly 15% as the company restructures around stablecoins, settlement, trading, security, and AI-powered infrastructure. The announcement, …
- NFT & Metaverse
Ethereum Foundation Cuts Another 40% But Solana Founder Calls It Bullish
by adminby adminThe Ethereum Foundation is cutting its budget by roughly 40% and reducing staff by about 20%, concluding a planned shift toward a leaner, endowment-style organization with a narrower set of priorities. Co-founder Vitalik Buterin …
US DOJ Charges 19-Year-Old Tied to $100 Million Scattered Spider Crew
The US Department of Justice, following an FBI investigation, charged 19-year-old Peter Stokes with conspiracy, computer intrusion, and fraud over his alleged role in the Scattered Spider hacking group. Finnish authorities arrested the dual …
Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at …
AI ‘Amplification Spiral’ May Be Causing Delusions Among Users, Study Suggests
In brief Researchers proposed an “amplification spiral” framework to explain how AI chatbots may reinforce delusional beliefs. The model centers on linguistic alignment, hyper-personalized responses, and chatbot sycophancy. The authors stress that no causal …