CRYPTOCURRENCY
CoreWeave Appoints Jeff Baker as New Chief Accounting Officer
CoreWeave announces Jeff Baker as Chief Accounting Officer, bringing over 20 years of experience to the AI hyperscaler.
Binance Introduces Multi-Validator Withdrawal Verification for Corporate Accounts
Binance enhances security by launching multi-validator withdrawal verification for all corporate accounts with completed KYB.
Binance Implements Stricter Measures to Combat Account Misuse and Enhance Compliance
Binance announces enhanced measures to address account misuse and uphold compliance, ensuring a fair and secure trading environment.
Binance Introduces New Fee Structure for Managed Sub-Accounts (MSA)
Binance updates its Managed Sub-Account (MSA) with new fee structure and restrictions.
Oracle to Launch Two New Cloud Regions in Morocco to Drive Digital Transformation
Oracle will open two Oracle Cloud Regions in Morocco to enhance digital transformation and innovation.
IRS Expects Surge in Crypto Tax Crime Cases as Tax Season Concludes
The US Internal Revenue Service (IRS) is bracing for an increase in crypto tax crime cases as taxpayers file their returns on April 15. IRS criminal investigation chief Guy Ficco predicts a rise in charged Title 26 crypto cases this year and beyond. While crypto has been associated with various financial crimes in the past, Ficco anticipates a surge in "pure crypto tax crimes" in the future.
FASB Finalizes New Accounting Standards for Crypto Assets
FASB's new ASU No. 2023-08 mandates fair value measurement for certain crypto assets, enhancing transparency and relevance in financial reporting, effective post-December 2024.
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
Social Media Site X Limits Changpeng Zhao's Account Access
Changpeng Zhao, former Binance CEO, faced account restriction on social media platform X amidst legal challenges, leading to widespread speculation in the crypto industry.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.