IRS Loses Top Crypto Enforcer After Only 90 Days On The Job
Trish Turner’s sudden exit from the IRS digital assets unit has sharpened attention on how the US will handle crypto tax enforcement going forward. Related Reading: DOJ Makes It Clear: Writing Defi Code Won’t Land You In Jail Based on reports, Turner stepped down roughly three months after taking the post, closing out a career […]
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A hacker linked to the Coinbase breach has made another move, this time buying over 38,000 Solana tokens worth nearly $8 million. Related Reading: IRS Loses Top Crypto Enforcer After Only 90 Days On The Job Blockchain tracking firm Ember CN reported that the hacker converted 7.957 million DAI to USDC before bridging the funds […]
A great deal of digital currencies are down in value during the last 30 days and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% against the U.S. dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto asset shed 12.71% in USD value this month. Despite Mid-August Pump, Crypto Economy Shrank by $102 Billion Last Month Crypto assets saw a decent rise on August 14, 2022, as bitcoin (BTC) jumped over the $25K zone and ethereum (ETH) surpassed $2K per unit. Despite the jump in value, BTC shed 12.71% in....
Seven days ago Bitcoin’s network difficulty saw the largest drop in nine years as it slid over 16% last week. Similar to the crypto asset’s price, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash per second (EH/s), the network hashrate spiked a whopping 45% on Tuesday morning to 161 EH/s before sliding back to 120 EH/s. Bitcoin’s hashrate, much like the price of bitcoin (BTC), has been jumping around during the last few days. The crypto asset’s hashrate is the measurement of processing power pointed at the network. In....
Cardano (ADA) has faced a significant blow after losing its top position as the leading network for development activities. Despite the Cardano founder, Charles Hoskinson, lauding major updates and developments within the blockchain network, ADA has been overtaken by other crypto networks, pushing it down to fifth place. ADA Loses Top Spot For Network Development […]
XRP has continued to crash in the face of news that it will be listed from a new round of leading crypto asset exchanges. The altcoin is now down by over 20 percent in the past 24 hours, reaching multi-month lows at $0.21. XRP is also down by 55 percent in the past seven days […]