General News
Step into Cryptomufasa's General News Gazebo, the rendezvous point for a myriad of happenings from the vast expanse of the crypto cosmos. From minor murmurs to seismic shifts, we curate and present a tapestry of tales that shape the digital currency narrative daily.
Telegram Releases Statement on Founder Pavel Durov’s Arrest
The Telegram messaging platform has issued its first official statement addressing the detention of its CEO, Pavel Durov. Amid growing...
Crypto Scam Bust in the Philippines: Nearly 100 Arrested in Raid on Chinese-Operated Center
In a significant move against cybercrime, Philippine law enforcement executed a pre-dawn raid on August 22, targeting a Chinese-operated scam...
FTX Nears Approval of $16 Billion Reorganization Plan: Creditors Poised for Recovery
FTX, the once-prominent cryptocurrency exchange, is on the verge of securing approval for a comprehensive $16 billion reorganization plan. This...
Shan Hanes: Former Kansas Bank CEO Sentenced to 24 Years for $47 Million Crypto Fraud
Shan Hanes, former CEO of Heartland Tri-State Bank, has been sentenced to 24 years in prison following a massive crypto...
China’s Supreme Court Updates Anti-Money Laundering Law to Address Virtual Assets
In a significant legal update, China’s Supreme Court has revised its Anti-Money Laundering (AML) laws to include virtual assets, marking...
Elon Musk and Donald Trump Talk U.S. Economy, Avoid Crypto Discussion
In a widely anticipated interview on Monday, Elon Musk and Donald Trump engaged in an in-depth discussion on pressing issues...
Hong Kong Set to Strengthen Digital Asset Regulations Over the Next 18 Months
Hong Kong is gearing up to fortify its digital asset regulatory framework over the next 18 months, with the goal...
Bitfarms Reports $27 Million Net Loss in Q2 2024 Amid Bitcoin Halving Challenges
Toronto-based Bitcoin mining firm Bitfarms has revealed a challenging quarter, reporting a net loss of $27 million for Q2 2024....
IRS Updates Crypto Tax Reporting Requirements: Form 1099-DA Explained
The U.S. Internal Revenue Service (IRS) is making significant strides in clarifying and simplifying the process for taxpayers to report...
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