Tag: transactions
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SEC Suggests $5.3 Billion Fine For Do Kwon, Terraform Labs
Getty Federal regulators are requesting Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for defrauding investors, shortly after the two parties were found liable for a multi-billion-dollar fraud. According to a court filing from April 19, the U.S. Securities and Exchange Commission requested Kwon and Terraform pay roughly $4.7 billion in disgorgement and prejudgment…
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Mastercard Launches Crypto Credentials P2P Pilot Program
Provided by DMR News (English) Mastercard has initiated a pilot program for its innovative crypto credentials system, aimed at enhancing the security and efficiency of cryptocurrency transactions. This initiative marks a significant step in the company’s efforts to integrate more seamlessly into the burgeoning blockchain technology space. The crypto credentials P2P pilot program introduced by…
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IRS Releases Draft Of New Crypto Tax Form Used To Report Transactions
GETTY The IRS has released a draft of Form 1099-DA, Digital Asset Proceeds From Broker Transaction. The form is the next step in the agency’s efforts to bolster crypto tax reporting and follows proposed regulations published last year. The IRS has offered a glimpse of the future of crypto reporting. The agency has released a…
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Beware of Deferred Interest Promotions
Stokkete / Shutterstock When you’re making a major purchase, the promise of “no interest if paid in full” from a deferred interest promotion can seem incredibly appealing. However, these promotions come with a major catch that can end up costing you dearly if you’re not careful. With a deferred interest promotion, you are charged no interest…
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