Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Hong Kong Approves BTC and ETH Spot ETFS, Indian Web3 Community Lauds ‘Landmark’ Decision
Hong Kong has approved the trading of spot BTC and ETH ETFs on Monday, April 15. The final approval was signed by the Hong Kong Securities and Futures Commission (SFC). Spot ETFs track the current price of commodities and allow traders to get exposure to the current price of BTC without having to purchase and hold the asset.
Crypto Price Today: Bitcoin, Ether Fail to See Any Major Price Change Over the Weekend, Altcoins See Gains
The overall crypto market cap rose by 5.42 percent in the last 24 hours. Bitcoin on Monday recorded a small loss to trade at $62,897 (roughly Rs. 52.5 lakh). Ether managed to clock a profit of over three percent despite the ongoing volatility. Shiba Inu, Bitcoin Cash, Polkadot, and Chainlink managed to see gains.
Small Crypto Players in Dubai to Get Benefits from VARA Regulators: Details
Dubai, in a bid to further establish itself as a crypto hub, is looking for ways to make business run smoother for smaller players. Matthew White, the CEO of VARA in Dubai stated thatbigger and more established Web3 players could perhaps ‘host’ the smaller entities and reduce their operational costs.
Samsung Partners With Wilder World Metaverse Game, Will Offer NFT Rewards as Part of Web3 TV Bundle
Samsung has announced a partnership with metaverse game Wilder World. In Samsung’s next sale of exclusive Web3 TV bundles, fifteen select buyers will get Wilder World NFTs as rewards. Through this, the metaverse game expects to add new players from Samsung’s vast user base.
Bitcoin Price Sees Minor Hike as Values of Several Altcoins Continue to Drop
The overall crypto market valuation rose by 1.36 percent in the last 24 hours. Bitcoin and Ether – both reflected profits on Thursday. Other cryptocurrencies that managed to see gains include Dogecoin, Avalanche, and Leo.
New Zealand Commerce Minister Warns Leaders on Being Slow in Crypto Exploration
Andrew Bayly has expressed concerns that New Zealand’s ‘wait and see’ approach on Web3 and digital assets is snubbing its growth in fintech, gaming, blockchain, and other related sectors.
Hong Kong Said to Be Close to Approving Its First Spot Bitcoin ETFs
Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.
IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
Crypto Price Today: Bitcoin, Ether See Losses, Price Fluctuations Weigh Heavy for Most Altcoins
The overall crypto market dropped by 3.22 percent in the last 24 hours. On Wednesday, April 10 both Bitcoin and Ether saw losses. Most cryptocurrencies including Tether, Solana, Dogecoin, and Cardano clocked price dips alongside BTC and ETH. Bitcoin’s upcoming halving and US CPI data release is weighing heavy on crypto prices.