How Cryptocurrency Turns to Cash in Russian Banks

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses,…

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Early Bitcoin Investor Sentenced to Prison for Tax Evasion on $3.7 Million BTC Sale

This marks the first criminal tax evasion prosecution centered solely on bitcoin. An Austin, Texas man, Frank Richard Ahlgren III, has been sentenced to two years in prison for filing false tax returns that underreported the capital gains from selling $3.7 million worth of bitcoin, the United States Department of Justice (DOJ) announced today. According to the…

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This new crypto presale just raised $3M and experts say it could 10x in 2024

BEST Wallet token draws $3M+ in presale as its next-gen web3 wallet rivals MetaMask and Trust Wallet, fueling investor excitement. Table of Contents Best Wallet token (BEST) is attracting significant capital inflows amidst its presale, which has just cleared the $3 million total raised milestone. The project is building a next-generation web3 wallet equipped with a…

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Top Picks for the Best Crypto to Buy Now for Long-Term Growth

Ethereum powers smart contracts and decentralised apps. Tether offers unmatched stability, pegged to the US dollar. But then there’s Qubetics ($TICS), a rising star, blending efficiency with innovation to solve one of the biggest challenges in finance: cross-border payments. Whether you’re an experienced investor or just exploring the best crypto to buy now for long-term…

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How to Introduce Crypto to Clients

With Bitcoin approaching $100,000 as we go to press, many of your clients may ask if they should add cryptocurrency to their portfolios. Some may be irked that they’ve been sitting on the sidelines for so long while cryptocurrencies such as Bitcoin have gained over 100% this year (over 30% since the presidential election) and about 1,100% over the…

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