Despite the fact that a large percentage of all funds seized by the Internal Revenue Service (IRS) in this fiscal year came from cryptocurrency, the agency has projected that it could be able to confiscate more billions from the same source by the next fiscal year. This was revealed via the recently released report of the Criminal Investigation Unit of IRS. In the Criminal … [Read more...] about The IRS seized $4 billion worth of Bitcoin and other cryptos this year
Seized
IRS Seized $3.5B in Cryptocurrency During Fiscal 2021
The Internal Revenue Service’s (IRS) Criminal Investigation Unit (CI) unit seized $3.5 billion in cryptocurrency during fiscal 2021, which accounted for 93% of its criminal investigation seizures, according to the agency’s annual criminal investigation report published Thursday. Source link … [Read more...] about IRS Seized $3.5B in Cryptocurrency During Fiscal 2021
$250 million worth of cryptocurrency seized in UK
$250 million worth of cryptocurrency seized in UK | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest U.K. › CrimePolice seized crypto worth hundreds of millions of dollars in the biggest-ever move of its kind. Shaurya Malwa · July 13, 2021 at 2:00 pm UTC · 1 min read $250 million worth of … [Read more...] about $250 million worth of cryptocurrency seized in UK
County in New Jersey makes 250% profit from crypto seized in 2018
A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018.On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time it was seized — was liquidated on Coinbase for $198,237 at a quote “profit” of $141,000.Authorities captured the cryptocurrency during a 2018 … [Read more...] about County in New Jersey makes 250% profit from crypto seized in 2018
Coinbase listing scorned, graphics cards seized, nostalgia coins rule
It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure to cryptocurrencies is still relatively isolated in the world’s most populous country. Many netizens responded skeptically to the Coinbase story, with … [Read more...] about Coinbase listing scorned, graphics cards seized, nostalgia coins rule