Financial

IRS ‘Raided’ by Crypto Investors as Industry Puts Up Fight Against U.S. Tax Proposal

The proposal to establish a U.S. tax regime for digital assets has drawn a stunning 120,000 comments and will be the focus of an IRS hearing today.

The crypto veri and news site is valued at $70 million and plans to expand in the Asian and Middle East regions.

The funds were then bridged to bitcoin on the THORChain bridge.

The latest price moves in crypto markets in context for Nov. 13, 2023.

Total liquidity for the token is a paltry $3.5 million on decentralized exchanges, meaning a single significant sale could instantly topple the rise.

The rise in premium comes as CME Group overtook Binance in share of the crypto derivatives market, a sign of institutional interest.

BitgetX HK, which launched in April, is withdrawing from Hong Kong and will shut operations on Dec. 13.

The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to the defunct hedge fund, 3AC.

ARK offloaded 201,047 GBTC shares, worth around $6 million, from its Next Generation Internet ETF.

Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.