Tag: Sharing

US Recession 2024 Becomes Hot Debate among Economists Sharing Mixed Views

2024 could be a slower year for the business landscape in the US economy, however, many economists are positive that the US recession could be thwarted with a soft landing. Bulls made a strong comeback this year in 2023, and as the year ends, the Fed has given major signals of interest rate cuts in 2024. This has kept the markets upbeat and investors bullish on Wall Street. Does this mean that the US economy is completely out of the woods? Well, not entirely as economists share mixed opinions of…

FTX advisers sharing customers’ data with FBI: Report

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Advisers for bankrupt crypto exchange FTX have been disclosing data from customers’ transactions and accounts with the Federal Bureau of Investigation (FBI), according to court documents seen by Bloomberg.  In response to subpoenas issued by several FBI field offices during the past few months, FTX consultants turned over to law enforcement records of specific customers’ trades on the bankrupt crypto exchange. The FBI’s requests were disclosed on billing records from Alvarez and Marsal, a consultancy serving as financial advisers for FTX. Over the past few months, the firm’s staff extracted…

Kraken to start sharing user data with IRS

Cryptocurrency exchange Kraken will share selected user information with the IRS starting from the next month. According to The Block, the decision comes after it was ordered by a court order received in June. “Kraken expects to share this information covered by the court’s order in early November 2023.”  The Block The IRS and Kraken battle began in May 2021 when a US federal court allowed the tax agency to serve a John Doe summons on the cryptocurrency exchange and its subsidiaries in an attempt to catch tax evaders. The IRS…

EU Formally Agrees on New Crypto Tax Data Sharing Rules

“The directive will improve Member States’ ability to detect and combat tax fraud, avoidance and evasion, by requiring all EU-based crypto-asset service providers, regardless of their size, that they report transactions from customers residing in the EU,” the Commission said in a statement on Tuesday. Source

Clarification on sharing false spot Bitcoin ETF news

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Dear Cointelegraph readers, We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space. Earlier today, during routine coverage, Cointelegraph’s social media team posted a message on X without prior editorial approval stating that the United States Securities and Exchange Commission had approved BlackRock’s iShares spot Bitcoin exchange-traded fund, or ETF. This was false, the result of misinformation. The news lead originated from an unconfirmed screenshot…

ICO statement on banks sharing and gathering personal information

Concern at banks sharing personal information with media ICO writes to banks around information held on customers ‘Farage’s experience shows why data protection rights are so important’ Following media reports of NatWest Bank sharing personal financial information about Nigel Farage with the BBC, Information Commissioner John Edwards said: “The banking duty of confidentiality is over a hundred years old, and it is clear that it would not permit the discussion of a customer’s personal information with the media. “We trust banks with our money and with our personal information. Any…

ICO backs new data sharing schemes to protect gamblers from harm

The Information Commissioner’s Office (ICO) has today backed proposals for the financial sector to share data with gambling companies to protect customers from unaffordable losses. In a letter to industry body UK Finance, the ICO has confirmed that data protection law does not stop gambling companies from conducting financial risk checks on customers, and that lenders can share people’s personal information – but this must be done transparently and proportionately. “Problem gambling has devastating consequences for people’s finances, relationships and health. We are keen to see the financial sector share…

Coinbase Soars After Reaching Cboe Surveillance Sharing Agreement for 5 Bitcoin ETF Applications

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“On June 21, 2023, the Exchange reached an agreement on terms with Coinbase, Inc., an operator of a United States-based spot trading platform for Bitcoin that represents a substantial portion of US-based spot trading platform for Bitcoin that represents a substantial portion of US-based and USD denominated Bitcoin trading, to enter into a surveillance-sharing agreement (“Spot BTC SSA”) and executed an associated term sheet,” the filing stated. Original

100 tokenized Teslas ‘democratize’ and ‘decentralize’ Web3 ride sharing

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A Vienna-based car-sharing service company has outfitted nearly half of its 200+ fleet of cars with blockchain-based self-sovereign IDs for tokenization purposes.  The car-sharing service ELOOP and peaq, a Web3 network for the Economy of Things, announced on June 27th that 100 Teslas have been tokenized via the peaq network. The blockchain integration allows users to own a fraction of the fleet and share the revenue the cars generate from daily rideshare operations. Cointelegraph spoke with the co-founders of Eloop, Nico Prugger, and peaq, Leonard Dorloechter, in Vienna about decentralized…