THE BIG CRYPTO CHALLENGE WEEKEND
Cristiano Ronaldo faces his greatest ever challenge as RFK Jr. goes in hard on BlackRock. We take a look at this and more news from the weekend.
Binance Carries Out Lie Detector Test on Cristiano Ronaldo
Cristiano Ronaldo tweeted about undergoing a lie detector test with Binance, calling it one of his toughest challenges.
The tweet quickly went viral, drawing millions of reactions and sparking widespread speculation about its backstory.
Presidential Candidate RFK Jr. Warns Americans About BlackRock
US Democratic presidential candidate, Robert F. Kennedy Jr. Has released a strong warning to Americans about investment companies like BlackRock in the housing market.
Kennedy submitted his fears, that Such companies will continually outbid potential home buyers in the market
SEC Sets New Fee Rates for 2024 Fiscal Year
The SEC has announced revised fees for securities registration and related activities, effective Oct. 1. The fee rate will rise to $147.60 per million dollars from the previous $110.20. The adjustment applies to Sections 6(b), 13(e), and 14(g) of the respective Acts.
Indian PM Modi Champions Global Tech Rules for Cryptocurrencies
Prime Minister Narendra Modi has highlighted the rapid growth of technology and the need to adopt and harmonize advancements globally. He discussed the expanding realm of cryptocurrencies and emphasized the importance of a global consensus on regulations.
Modi expressed that ignoring or dismissing the rapid transformation of technology is not a viable option. He called for a unified approach to regulations that transcends national boundaries, advocating for rules that are not solely focused on individual nations.
EU Teaches Ukraine Police to Track Criminals and Their Crypto
EU security specialists are training Ukrainian police to address the increasing issue of cryptocurrency-related crimes in the nation.
The European Union Advisory Mission (EUAM) trains Lviv intelligence officers to track and investigate crypto asset transactions effectively.
IRS Releases Draft of Proposed Reporting Rules for Digital Asset Brokers
The Internal Revenue Service (IRS) has introduced proposed regulations related to the sale and exchange of digital assets by brokers in the United States.
As per the rules, brokers would be mandated to utilize a new reporting form, Form 1099-DA, which aims to simplify tax filing processes and reduce tax evasion. The proposed form is intended to assist taxpayers in determining their tax obligations without the need for intricate calculations or the expense of digital asset tax preparation services.
Donald Trump NFT prices spike following release of mugshot in Georgia criminal case
The price of non-fungible tokens (NFTs) featuring Donald Trump experienced a significant surge following the release of a photo of the former United States president as part of his criminal case in Georgia related to the 2020 election.
According to data from the NFT marketplace OpenSea, the floor price of Trump’s digital trading cards, which were initially launched in December 2022, increased by over 62% from 0.138 to 0.224 Ethereum on August 24, shortly after the release of his mugshot.
Hong Kong Police Arrest 458 Over $60M Crypto-Related Scams
Hong Kong authorities have taken action, arresting 458 individuals linked to a $60M cryptocurrency fraud. The suspects utilized cash and crypto to execute intricate laundering schemes across diverse online fraud segments. Syndicate tactics unveiled, urging increased awareness.
