The SEC Files Lawsuit Against Crypto Pyramid Scheme NovaTech
The SEC yesterday filed a lawsuit against NovaTech, a cryptocurrency company, and its co-founders Cynthia and Eddy Petion.
IRS Unveils an Updated Crypto Tax Form
The US IRS has recently released an updated version of Form 1099-DA, which will be used by brokers to report digital asset transactions to their customers starting in 2025.
SEC Delays its Decision on Hashdex’s Bitcoin and Ether ETF
The US Securities and Exchange Commission has postponed its decision on whether to approve or reject Hashdex’s application for an exchange-traded fund that would directly hold Bitcoin and Ether.
Celsius Sues Tether
In recent weeks, bankrupt crypto lending company Celsius has launched several legal actions in an effort to recover billions of dollars for its creditors from various crypto firms, including Tether.
Inflows into US Spot Bitcoin ETFs Reach $192M
On Thursday, there were positive flows of $192.56 million from spot Bitcoin exchange-traded funds in the US.
USDT Issuer Tether Will Double its Workforce Next Year
According to Tether CEO Paolo Ardoino, the stablecoin company is planning to increase its workforce to around 200 employees by mid-2025.
Russia Legalizes Crypto Mining
Russian President Vladimir Putin has signed a new law aimed at reducing the country’s dependence on the United States dollar in international trade.
